Funding you earn now, next payment 08:00 UTC−0.0548%/8h= −60.1% APRpaid last 24h −0.100%
Price spread now: BloFin against tradeXYZ+0.025%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. BloFin is 0.025% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SMH | 592.70 | 0.0540 | pay 0.0067% / 1h | 32m 13s | $3.2M | $2.0M | 20x |
| Short | BloFin SMH-USDT | 592.85 | −0.0009 | pay 0.0009% / 8h | 32m 13s | $47K | $29K | 20x |
tradeXYZ xyz:SMH
BloFin SMH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$115.17
- Price spread: +0.025% → 0.000%
- $2.53
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$142.64
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 3.37 bp | 16.3 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDTshort | −0.0009% | 8h | 592.85 | +0.025% | $47K | $29K | 20x | |
| Binance SMHUSDT | 0.0000% | 8h | 592.81 | +0.019% | $725K | $798K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 592.34 | −0.061% | $299K | $407K | 25x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.95 | −0.127% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.40 | −0.051% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 593.10 | +0.067% | $561K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.82 | +0.020% | $684K | $49K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.95 | −0.127% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAP | +0.0054% | 8h | 593.05 | +0.059% | $500K | $355K | 20x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 592.89 | +0.032% | $7K | $47K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
OKX SMH-USDT-SWAP
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMHlong | +0.0540% | 1h | 592.70 | long leg | $3.2M | $2.0M | 20x |