Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against OKX−0.076%93s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.076% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 592.94 | 0.0048 | pay 0.0048% / 8h | 49m 51s | $500K | $355K | 20x |
| Short | BloFin SMH-USDT | 592.49 | 0.0009 | get 0.0009% / 8h | 49m 51s | $47K | $29K | 20x |
OKX SMH-USDT-SWAP
BloFin SMH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8.2
- Price spread: −0.076% → 0.000%
- −$7.59
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.79
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 51 min ago; BloFin: no order-book sample. Net counts fees only.
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, 51 min ago | 2.19 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SMHUSDT | −0.0016% | 8h | 592.68 | −0.044% | $684K | $49K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 592.22 | −0.121% | $724K | $796K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 592.25 | −0.116% | $299K | $410K | 25x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.53 | −0.238% | $1.1M | $6.3M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.00 | −0.159% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.65 | −0.049% | $561K | $127K | 20x | as long as short |
| BloFin SMH-USDTshort | +0.0009% | 8h | 592.49 | −0.076% | $47K | $29K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.49 | −0.245% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | +0.0048% | 8h | 592.94 | long leg | $500K | $355K | 20x | |
| HTX SMH-USDT | +0.0100% | 8h | 591.12 | −0.307% | $6K | $46K | 10x | as long as short |
Bitget SMHUSDT
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC 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 | +0.0575% | 1h | 592.24 | −0.118% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH