Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against QFEX+0.115%7-day average −0.029% · 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−$121as in the Price arb table
costs, in and out, $10k−$1351.350% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.115%, 7d avg −0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.144% dearer against QFEX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SMH-USD | 600.11 | 0 | get 0.0000% / 1h | 45m 03s | $1.1M | $6.7M | 10x |
| Short | Bybit SMHUSDT | 600.80 | 0 | get 0.0000% / 8h | 6h 45m | $265K | $2.4M | 25x |
QFEX SMH-USD
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.115% → −0.029%
- $14.35
- Slippage, 4 orders
- −$113.98
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$120.62
- Costs to cover
- 1.350%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Bybit: live order book, 2 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, 4 min ago | 2.16 bp | 15.5 bp −$15 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.57 bp | 63.8 bp −$64 | 172.9 bp −$1,729 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDT | 0.0000% | 8h | 601.08 | +0.161% | $744K | $752K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 600.80 | +0.115% | $265K | $2.4M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.98 | +0.145% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USDlong | 0.0000% | 1h | 600.11 | long leg | $1.1M | $6.7M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 600.80 | +0.115% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.83 | +0.120% | $579K | $125K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.77 | +0.110% | $695K | $120K | 20x | as long as short |
| BloFin SMH-USDT | +0.0016% | 8h | 601.72 | +0.268% | $48K | $30K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.16 | +0.008% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.12 | +0.168% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin 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 | +0.0431% | 1h | 601.03 | +0.153% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH