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: MEXC against OKX−0.155%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$480.475% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.155%, 7d avg +0.039%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.194% cheaper against OKX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 601.14 | 0 | get 0.0000% / 8h | 4h 12m | $507K | $349K | 20x |
| Short | MEXC SMH_USDT | 600.21 | 0 | get 0.0000% / 8h | 4h 12m | $568K | $130K | 20x |
OKX SMH-USDT-SWAP
MEXC SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.155% → +0.039%
- −$19.36
- Slippage, 4 orders
- −$37.54
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$66.9
- Costs to cover
- 0.475%
- Break-even
- never at this rate
Slippage from OKX: live order book, 43 min ago; MEXC: live order book, 37 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, 43 min ago | 2.58 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 37 min ago | 2.25 bp | 6.9 bp −$7 | 15.3 bp −$153 | 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 | −0.0009% | 8h | 601.01 | −0.022% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 601.16 | +0.004% | $730K | $756K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.53 | −0.101% | $267K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | 0.0000% | 8h | 601.14 | long leg | $507K | $349K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 599.44 | −0.283% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.30 | −0.140% | $191K | $24K | 20x | as long as short |
| MEXC SMH_USDTshort | 0.0000% | 8h | 600.21 | −0.155% | $568K | $130K | 20x | |
| Bitget SMHUSDT | 0.0000% | 8h | 600.29 | −0.141% | $691K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.50 | −0.273% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.47 | +0.055% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
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:SMH | +0.0568% | 1h | 600.75 | −0.065% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH