Funding you earn now, next payment 08:00 UTC+0.0485%/8h= +53.1% APRpaid last 24h +0.107%
Price spread now: tradeXYZ against OKX−0.059%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1341.342% of the position
Funding, last 7 days+0.490%+$49 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.059%, 7d avg −0.031%
=Together, before fees+0.484%+ Points / potential airdroptradeXYZ: Active · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.028% cheaper against OKX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.031%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.490% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 593.05 | 0.0053 | pay 0.0053% / 8h | 32m 43s | $500K | $355K | 20x |
| Short | tradeXYZ xyz:SMH | 592.70 | 0.0538 | get 0.0067% / 1h | 32m 43s | $3.2M | $2.0M | 20x |
OKX SMH-USDT-SWAP
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $101.88
- Price spread: −0.059% → −0.031%
- −$2.8
- Slippage, 4 orders
- −$106.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$35.16
- Costs to cover
- 1.342%
- Break-even
- 9.4 days
Slippage from OKX: live order book, 3 min ago; tradeXYZ: 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, 3 min ago | 2.11 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 3.37 bp | 14.7 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0009% | 8h | 592.85 | −0.034% | $47K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 592.86 | −0.032% | $725K | $798K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 592.32 | −0.123% | $299K | $407K | 25x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.95 | −0.185% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.40 | −0.110% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 593.06 | +0.002% | $561K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.82 | −0.039% | $684K | $49K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 592.31 | −0.125% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | +0.0053% | 8h | 593.05 | long leg | $500K | $355K | 20x | |
| HTX SMH-USDT | +0.0100% | 8h | 592.89 | −0.027% | $7K | $47K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
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:SMHshort | +0.0538% | 1h | 592.70 | −0.059% | $3.2M | $2.0M | 20x |