Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.008%
Price spread now: BloFin against QFEX+0.323%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BloFin is 0.323% dearer against QFEX than usual: you sell high and buy low (spread +0.323% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SMH-USD | 591.46 | 0.0000 | pay 0.0000% / 1h | 40m 56s | $1.1M | $6.3M | 10x |
| Short | BloFin SMH-USDT | 593.37 | −0.0011 | pay 0.0011% / 8h | 1h 40m | $48K | $29K | 20x |
QFEX SMH-USD
BloFin SMH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2.46
- Price spread: +0.323% → 0.000%
- $32.29
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.84
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 8 min ago; BloFin: no order-book sample. Net counts fees only.
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, 8 min ago | 1.35 bp | 17.4 bp −$17 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SMHUSDT | −0.0017% | 8h | 592.60 | +0.193% | $684K | $81K | 20x | as long as short |
| BloFin SMH-USDTshort | −0.0011% | 8h | 593.37 | +0.323% | $48K | $29K | 20x | |
| Binance SMHUSDT | 0.0000% | 8h | 592.66 | +0.203% | $721K | $840K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 591.79 | +0.056% | $301K | $493K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 592.72 | +0.213% | $502K | $352K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.50 | +0.176% | $188K | $28K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.84 | +0.233% | $561K | $128K | 20x | as long as short |
| QFEX SMH-USDlong | 0.0000% | 1h | 591.46 | long leg | $1.1M | $6.3M | 10x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.55 | +0.015% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 593.97 | +0.424% | $7K | $46K | 10x | as long as short |
Bitget SMHUSDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC 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 | +0.0386% | 1h | 592.15 | +0.117% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH