Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Bitget against OKX0.000%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1291.285% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now 0.000%, 7d avg +0.076%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.076% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.076%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 592.37 | 0 | get 0.0000% / 8h | 6h 59m | $499K | $288K | 20x |
| Short | Bitget SMHUSDT | 592.37 | 0 | get 0.0000% / 8h | 6h 59m | $683K | $49K | 20x |
OKX SMH-USDT-SWAP
Bitget SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: 0.000% → +0.076%
- −$7.62
- Slippage, 4 orders
- −$106.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$136.13
- Costs to cover
- 1.285%
- Break-even
- never at this rate
Slippage from OKX: live order book, 32 min ago; Bitget: live order book, 31 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, 32 min ago | 2.12 bp | 48.6 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 31 min ago | 14.86 bp | 25.8 bp −$26 | 68.6 bp −$686 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDT | 0.0000% | 8h | 592.48 | +0.019% | $706K | $792K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 592.32 | −0.008% | $299K | $367K | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | 0.0000% | 8h | 592.37 | long leg | $499K | $288K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 591.95 | −0.071% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 591.90 | −0.079% | $185K | $18K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.23 | −0.024% | $561K | $112K | 20x | as long as short |
| Bitget SMHUSDTshort | 0.0000% | 8h | 592.37 | 0.000% | $683K | $49K | 20x | |
| BloFin SMH-USDT | +0.0029% | 8h | 591.95 | −0.071% | $47K | $30K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.90 | −0.079% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 593.95 | +0.267% | $7K | $47K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
BloFin SMH-USDT
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 | +0.0314% | 1h | 592.54 | +0.029% | $3.2M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH