Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against OKX−0.203%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$900.895% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.203%, 7d avg +0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.249% cheaper against OKX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 595.89 | 0 | get 0.0000% / 8h | 3h 19m | $505K | $349K | 20x |
| Short | QFEX SMH-USD | 594.68 | 0 | get 0.0000% / 1h | 19m 17s | $1.1M | $6.4M | 10x |
OKX SMH-USDT-SWAP
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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: −0.203% → +0.046%
- −$24.91
- Slippage, 4 orders
- −$69.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$114.42
- Costs to cover
- 0.895%
- Break-even
- never at this rate
Slippage from OKX: live order book, 31 min ago; QFEX: live order book, 5 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, 31 min ago | 0.92 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.51 bp | 13.7 bp −$14 | 21.2 bp −$212 | 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 | −0.0013% | 8h | 596.22 | +0.055% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 595.74 | −0.025% | $750K | $774K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 595.20 | −0.116% | $284K | $2.2M | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | 0.0000% | 8h | 595.89 | long leg | $505K | $349K | 20x | |
| QFEX SMH-USDshort | 0.0000% | 1h | 594.68 | −0.203% | $1.1M | $6.4M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 595.20 | −0.116% | $188K | $27K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 595.91 | +0.003% | $564K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 596.61 | +0.121% | $688K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.62 | −0.213% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 596.25 | +0.060% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
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 | +0.0391% | 1h | 595.38 | −0.086% | $3.2M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH