Funding you earn now, next payment 06:00 UTC−0.0629%/8h= −68.9% APRpaid last 24h −0.105%
Price spread now: Bitget against tradeXYZ+0.069%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1841.836% of the position
Funding, last 7 days−0.487%−$49 on $10k
+Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.069%, 7d avg +0.111%
=Together, before fees−0.591%+ Points / potential airdroptradeXYZ: Active · farm board−$59 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.042% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.111%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SMH | 592.64 | 0.0602 | pay 0.0075% / 1h | 24m 47s | $3.2M | $2.0M | 20x |
| Short | Bitget SMHUSDT | 593.05 | −0.0027 | pay 0.0027% / 8h | 2h 24m | $684K | $110K | 20x |
tradeXYZ xyz:SMH
Bitget SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$132.1
- Price spread: +0.069% → +0.111%
- −$4.16
- Slippage, 4 orders
- −$153.61
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$319.88
- Costs to cover
- 1.836%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Bitget: live order book, 21 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, 3 min ago | 2.87 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 21 min ago | 11.92 bp | 135.5 bp −$136 | 273.9 bp −$2,739 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SMHUSDTshort | −0.0027% | 8h | 593.05 | +0.069% | $684K | $110K | 20x | |
| Binance SMHUSDT | 0.0000% | 8h | 592.29 | −0.059% | $719K | $834K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 591.92 | −0.121% | $300K | $1.1M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 592.45 | −0.032% | $502K | $348K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.67 | −0.164% | $1.1M | $6.3M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.50 | −0.024% | $188K | $28K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.41 | −0.039% | $561K | $129K | 20x | as long as short |
| BloFin SMH-USDT | +0.0004% | 8h | 592.71 | +0.012% | $47K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.68 | −0.162% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 593.04 | +0.067% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
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:SMHlong | +0.0602% | 1h | 592.64 | long leg | $3.2M | $2.0M | 20x |