Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: Binance against QFEX+0.163%53s7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.475% of the position
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 2 days (all we have)−0.361%−$36 · spread now +0.163%, 7d avg +0.093%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.070% dearer against QFEX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.093%. The two prices were read 53 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 | QFEX SMH-USD | 600.32 | 0 | get 0.0000% / 1h | 7m 46s | $1.1M | $6.4M | 10x |
| Short | Binance SMHUSDT | 601.30 | 0 | get 0.0000% / 8h | 5h 07m | $725K | $741K | 20x |
QFEX SMH-USD
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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: +0.163% → +0.093%
- $6.98
- Slippage, 4 orders
- −$27.46
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$40.48
- Costs to cover
- 0.475%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; Binance: live order book, 69 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 QFEX live order book, 6 min ago | 2.08 bp | 9.2 bp −$9 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Binance live order book, 69 min ago | 1.91 bp | 13.0 bp −$13 | 56.8 bp −$568 | 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 | −0.0025% | 8h | 600.84 | +0.087% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDTshort | 0.0000% | 8h | 601.30 | +0.163% | $725K | $741K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 600.80 | +0.080% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 601.10 | +0.130% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USDlong | 0.0000% | 1h | 600.32 | long leg | $1.1M | $6.4M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 600.50 | +0.030% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.54 | +0.037% | $569K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.72 | +0.067% | $692K | $110K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.40 | +0.013% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 602.22 | +0.316% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
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 | +0.0381% | 1h | 600.67 | +0.058% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH