Funding you earn now, next payment 03:00 UTC−0.0394%/8h= −43.2% APRpaid last 24h −0.098%
Price spread now: Binance against tradeXYZ+0.051%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days−0.394%−$39 on $10k
+Price spread, last 2 days (all we have)+0.106%+$11 · spread now +0.051%, 7d avg +0.076%
=Together, before fees−0.288%+ Points / potential airdroptradeXYZ: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Binance is 0.025% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.076%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SMH | 600.03 | 0.0394 | pay 0.0049% / 1h | 48m 12s | $3.3M | $1.9M | 20x |
| Short | Binance SMHUSDT | 600.34 | 0 | get 0.0000% / 8h | 5h 48m | $741K | $728K | 20x |
tradeXYZ xyz:SMH
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- −$82.77
- Price spread: +0.051% → +0.076%
- −$2.46
- Slippage, 4 orders
- −$31.83
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$145.06
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Binance: 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 tradeXYZ live order book, 10 min ago | 2.67 bp | 16.0 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 29 min ago | 1.91 bp | 13.0 bp −$13 | 56.8 bp −$568 | doesn't fit | doesn't fit |
SMH on 10 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 SMHUSDTshort | 0.0000% | 8h | 600.34 | +0.051% | $741K | $728K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 599.90 | −0.022% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.60 | +0.095% | $506K | $348K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.37 | −0.110% | $1.1M | $6.6M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 599.70 | −0.055% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.14 | +0.018% | $568K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.25 | +0.037% | $691K | $112K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.43 | −0.100% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.03 | 0.000% | $7K | $46K | 10x | as long as short |
| tradeXYZ xyz:SMHlong | +0.0394% | 1h | 600.03 | long leg | $3.3M | $1.9M | 20x |
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
HTX SMH-USDT