Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: OKX against MEXC+0.050%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.050%, 7d avg −0.038%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.088% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SMH_USDT | 595.54 | 0 | get 0.0000% / 8h | 3h 17m | $564K | $129K | 20x |
| Short | OKX SMH-USDT-SWAP | 595.84 | 0 | get 0.0000% / 8h | 3h 17m | $505K | $349K | 20x |
MEXC SMH_USDT
OKX SMH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.050% → −0.038%
- $8.82
- Slippage, 4 orders
- −$84.34
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$85.52
- Costs to cover
- 0.943%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 28 min ago; OKX: live order book, 34 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, 28 min ago | 8.35 bp | 14.0 bp −$14 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell OKX live order book, 34 min ago | 0.92 bp | 50.5 bp −$50 | doesn't fit | 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 | −0.0016% | 8h | 596.22 | +0.114% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 595.91 | +0.062% | $750K | $774K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 595.73 | +0.032% | $303K | $2.2M | 25x | as long as short |
| OKX SMH-USDT-SWAPshort | 0.0000% | 8h | 595.84 | +0.050% | $505K | $349K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 594.39 | −0.193% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 595.30 | −0.040% | $188K | $27K | 20x | as long as short |
| MEXC SMH_USDTlong | 0.0000% | 8h | 595.54 | long leg | $564K | $129K | 20x | |
| Bitget SMHUSDT | 0.0000% | 8h | 596.61 | +0.180% | $688K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.45 | −0.183% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 595.90 | +0.060% | $6K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0398% | 1h | 595.19 | −0.059% | $3.3M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH