Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%
Price spread now: Bybit against MEXC−0.055%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1081.080% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.055%, 7d avg −0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.043% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SMH_USDT | 597.79 | 0 | get 0.0000% / 8h | 1h 06m | $582K | $122K | 20x |
| Short | Bybit SMHUSDT | 597.46 | 0 | get 0.0000% / 8h | 1h 06m | $259K | $2.2M | 25x |
MEXC SMH_USDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- $0
- Price spread: −0.055% → −0.012%
- −$4.28
- Slippage, 4 orders
- −$97.04
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$112.32
- Costs to cover
- 1.080%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 6 min ago.
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 MEXC live order book, 4 min ago | 7.36 bp | 13.7 bp −$14 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 2.34 bp | 17.6 bp −$18 | 172.7 bp −$1,727 | doesn't fit | doesn't fit |
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 | −0.0003% | 8h | 597.66 | −0.022% | $40K | $28K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 597.90 | +0.018% | $734K | $773K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 597.46 | −0.055% | $259K | $2.2M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 597.54 | −0.042% | $431K | $265K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 597.26 | −0.089% | $1.1M | $6.8M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 597.30 | −0.082% | $182K | $22K | 20x | as long as short |
| MEXC SMH_USDTlong | 0.0000% | 8h | 597.79 | long leg | $582K | $122K | 20x | |
| Bitget SMHUSDT | 0.0000% | 8h | 597.67 | −0.020% | $695K | $141K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 597.27 | −0.087% | — | — | 25x | as long as short |
| tradeXYZ xyz:SMH | +0.0050% | 1h | 597.53 | −0.043% | $3.3M | $2.2M | 20x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
tradeXYZ xyz:SMHShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SMH-USDT | +0.0100% | 8h | 599.73 | +0.325% | $7K | $45K | 10x | as long as short |
HTX SMH-USDT