Funding you earn now, next payment 03:00 UTC+0.0378%/8h= +41.4% APRpaid last 24h +0.098%
Price spread now: tradeXYZ against MEXC−0.078%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$590.591% of the position
Funding, last 7 days+0.394%+$39 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.078%, 7d avg −0.067%
=Together, before fees+0.470%+ Points / potential airdroptradeXYZ: Active · farm board+$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SMH_USDT | 600.45 | 0 | get 0.0000% / 8h | 5h 24m | $569K | $129K | 20x |
| Short | tradeXYZ xyz:SMH | 599.98 | 0.0378 | get 0.0047% / 1h | 24m 43s | $3.3M | $1.9M | 20x |
MEXC SMH_USDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $79.33
- Price spread: −0.078% → −0.067%
- −$1.13
- Slippage, 4 orders
- −$41.08
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $19.12
- Costs to cover
- 0.591%
- Break-even
- 5.3 days
Slippage from MEXC: live order book, 30 min ago; tradeXYZ: live order book, 2 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, 30 min ago | 6.50 bp | 15.8 bp −$16 | 70.1 bp −$701 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 2.58 bp | 16.6 bp −$17 | 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 | −0.0026% | 8h | 600.19 | −0.043% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 600.45 | 0.000% | $724K | $742K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 599.80 | −0.108% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.23 | −0.037% | $506K | $348K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.25 | −0.200% | $1.1M | $6.5M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 599.80 | −0.108% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDTlong | 0.0000% | 8h | 600.45 | long leg | $569K | $129K | 20x | |
| Bitget SMHUSDT | 0.0000% | 8h | 600.04 | −0.068% | $691K | $111K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.36 | −0.182% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 599.64 | −0.135% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
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:SMHshort | +0.0378% | 1h | 599.98 | −0.078% | $3.3M | $1.9M | 20x |