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: Binance against OKX−0.062%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 2 days (all we have)+0.126%+$13 · spread now −0.062%, 7d avg +0.041%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.102% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 601.20 | 0 | get 0.0000% / 8h | 4h 16m | $507K | $349K | 20x |
| Short | Binance SMHUSDT | 600.83 | 0 | get 0.0000% / 8h | 4h 16m | $729K | $745K | 20x |
OKX SMH-USDT-SWAP
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: −0.062% → +0.041%
- −$10.22
- Slippage, 4 orders
- −$41.78
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72
- Costs to cover
- 0.618%
- Break-even
- never at this rate
Slippage from OKX: live order book, 39 min ago; Binance: live order book, 45 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 OKX live order book, 39 min ago | 2.58 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 45 min ago | 4.57 bp | 19.6 bp −$20 | 68.9 bp −$689 | 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 | −0.0004% | 8h | 600.64 | −0.093% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDTshort | 0.0000% | 8h | 600.83 | −0.062% | $729K | $745K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 600.53 | −0.111% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | 0.0000% | 8h | 601.20 | long leg | $507K | $349K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 599.63 | −0.261% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.30 | −0.150% | $191K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.58 | −0.103% | $569K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.32 | −0.146% | $691K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.78 | −0.236% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 608.18 | +1.161% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC 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 | +0.0544% | 1h | 600.64 | −0.093% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH