Funding you earn now, next payment 07:00 UTC−0.0406%/8h= −44.4% APRpaid last 24h −0.105%
Price spread now: Gate against tradeXYZ+0.088%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$324as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2752.753% of the position
Funding, last 7 days−0.489%−$49 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.088%, 7d avg −0.001%
=Together, before fees−0.573%+ Points / potential airdroptradeXYZ: Active · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.089% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.001%): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SMH | 591.98 | 0.0406 | pay 0.0051% / 1h | 38m 47s | $3.2M | $2.0M | 20x |
| Short | Gate SMH_USDT | 592.50 | 0 | get 0.0000% / 8h | 1h 38m | $188K | $28K | 20x |
tradeXYZ xyz:SMH
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$85.24
- Price spread: +0.088% → −0.001%
- $8.86
- Slippage, 4 orders
- −$242.32
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$351.7
- Costs to cover
- 2.753%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Gate: live order book, 62 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, 9 min ago | 3.04 bp | 16.0 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 62 min ago | 6.74 bp | 181.6 bp −$182 | doesn't fit | 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 SMHUSDT | −0.0028% | 8h | 591.68 | −0.051% | $683K | $81K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 592.22 | +0.041% | $720K | $840K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 591.54 | −0.074% | $300K | $480K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 592.50 | +0.088% | $502K | $352K | 20x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 592.50 | +0.088% | $188K | $28K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 592.37 | +0.066% | $561K | $129K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.24 | −0.125% | $1.1M | $6.3M | 10x | as long as short |
| BloFin SMH-USDT | +0.0007% | 8h | 592.63 | +0.110% | $47K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.49 | −0.083% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 594.09 | +0.356% | $7K | $46K | 10x | as long as short |
Bitget SMHUSDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
MEXC SMH_USDT
QFEX SMH-USD
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 | +0.0406% | 1h | 591.98 | long leg | $3.2M | $2.0M | 20x |