Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX−0.030%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$219as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2192.193% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.030%, 7d avg −0.027%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 600.98 | 0 | get 0.0000% / 8h | 6h 45m | $506K | $349K | 20x |
| Short | Gate SMH_USDT | 600.80 | 0 | get 0.0000% / 8h | 6h 45m | $182K | $21K | 20x |
OKX SMH-USDT-SWAP
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.030% → −0.027%
- −$0.28
- Slippage, 4 orders
- −$194.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$219.53
- Costs to cover
- 2.193%
- Break-even
- never at this rate
Slippage from OKX: live order book, 20 min ago; Gate: live order book, 15 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, 20 min ago | 2.32 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 15 min ago | 10.80 bp | 64.0 bp −$64 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDT | 0.0000% | 8h | 601.24 | +0.044% | $744K | $752K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.94 | −0.007% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | 0.0000% | 8h | 600.98 | long leg | $506K | $349K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 600.11 | −0.145% | $1.1M | $6.7M | 10x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 600.80 | −0.030% | $182K | $21K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 600.85 | −0.022% | $579K | $125K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.79 | −0.032% | $695K | $120K | 20x | as long as short |
| BloFin SMH-USDT | +0.0016% | 8h | 601.72 | +0.123% | $48K | $30K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.23 | −0.125% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.12 | +0.023% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
MEXC SMH_USDT
Bitget SMHUSDT
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 | +0.0417% | 1h | 601.16 | +0.030% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH