Funding you earn now, next payment 10:00 UTC0.0000%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: Gate against QFEX+0.106%7-day average −0.069% · 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−$243as in the Price arb table
costs, in and out, $10k−$2612.607% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.106%, 7d avg −0.069%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.175% dearer against QFEX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SMH-USD | 591.77 | 0.0000 | get 0.0000% / 1h | 17m 44s | $1.1M | $6.0M | 10x |
| Short | Gate SMH_USDT | 592.40 | 0 | get 0.0000% / 8h | 6h 17m | $186K | $19K | 20x |
QFEX SMH-USD
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0.1
- Price spread: +0.106% → −0.069%
- $17.54
- Slippage, 4 orders
- −$235.67
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$243.03
- Costs to cover
- 2.607%
- Break-even
- 16884.3 days
Slippage from QFEX: live order book, 4 min ago; Gate: live order book, 29 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 | 4.65 bp | 15.2 bp −$15 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell Gate live order book, 29 min ago | 13.52 bp | 116.1 bp −$116 | doesn't fit | doesn't fit | doesn't fit |
SMH on 11 exchanges
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 | −0.0006% | 8h | 592.57 | +0.135% | $47K | $31K | 20x | as long as short |
| QFEX SMH-USDlong | 0.0000% | 1h | 591.77 | long leg | $1.1M | $6.0M | 10x | |
| Binance SMHUSDT | 0.0000% | 8h | 592.95 | +0.199% | $704K | $1.2M | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 592.60 | +0.140% | $298K | $345K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 592.50 | +0.123% | $497K | $310K | 20x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 592.40 | +0.106% | $186K | $19K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 592.85 | +0.183% | $561K | $114K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.36 | +0.100% | $685K | $46K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.82 | +0.008% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 592.82 | +0.177% | $7K | $47K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
HTX SMH-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0430% | 1h | 592.82 | +0.177% | $3.2M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH