Funding you earn now, next payment 10:00 UTC+0.0321%/8h= +35.1% APRpaid last 24h +0.076%
Price spread now: tradeXYZ against HTX−0.394%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. tradeXYZ is 0.394% cheaper against HTX than usual: you would sell low and buy high (spread −0.394% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 4.1 days of funding at the current rate (+$10 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SMH-USDT | 594.40 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $7K | $47K | 10x |
| Short | tradeXYZ xyz:SMH | 592.06 | 0.0421 | get 0.0053% / 1h | 54m 18s | $3.2M | $1.9M | 20x |
HTX SMH-USDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $67.33
- Price spread: −0.394% → 0.000%
- −$39.37
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$2.04
- Costs to cover
- 0.300%
- Break-even
- 7.2 days
Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago | 4.73 bp | 15.5 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0017% | 8h | 592.49 | −0.321% | $47K | $30K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 592.03 | −0.399% | $1.1M | $6.2M | 10x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 592.99 | −0.237% | $707K | $790K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 592.28 | −0.357% | $299K | $367K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 592.52 | −0.316% | $499K | $288K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.00 | −0.404% | $185K | $18K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.73 | −0.281% | $561K | $112K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.43 | −0.331% | $683K | $49K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.94 | −0.414% | — | — | 25x | as long as short |
| HTX SMH-USDTlong | +0.0100% | 8h | 594.40 | long leg | $7K | $47K | 10x |
BloFin SMH-USDT
QFEX SMH-USD
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMHshort | +0.0421% | 1h | 592.06 | −0.394% | $3.2M | $1.9M | 20x |