Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: QFEX against HTX−0.279%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.279% cheaper against HTX than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SMH-USDT | 601.47 | 0.0100 | pay 0.0100% / 8h | 4h 18m | $7K | $46K | 10x |
| Short | QFEX SMH-USD | 599.79 | 0 | get 0.0000% / 1h | 18m 39s | $1.1M | $6.4M | 10x |
HTX SMH-USDT
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.279% → 0.000%
- −$27.93
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$70.93
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; QFEX: live order book, 5 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 5 min ago | 2.08 bp | 7.5 bp −$7 | 13.4 bp −$134 | doesn't fit | doesn't fit |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SMH on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDT | 0.0000% | 8h | 600.82 | −0.108% | $724K | $742K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.47 | −0.166% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 601.16 | −0.052% | $507K | $349K | 20x | as long as short |
| QFEX SMH-USDshort | 0.0000% | 1h | 599.79 | −0.279% | $1.1M | $6.4M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 600.40 | −0.178% | $191K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.77 | −0.116% | $569K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.32 | −0.191% | $691K | $109K | 20x | as long as short |
| BloFin SMH-USDT | +0.0011% | 8h | 600.92 | −0.091% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.05 | −0.236% | — | — | 25x | as long as short |
| HTX SMH-USDTlong | +0.0100% | 8h | 601.47 | long leg | $7K | $46K | 10x |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin SMH-USDT
Vest SMH-USD-PERPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0537% | 1h | 600.60 | −0.145% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH