Funding you earn now, next payment 05:00 UTC−0.0353%/8h= −38.7% APRpaid last 24h −0.095%
Price spread now: MEXC against tradeXYZ+0.092%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days−0.399%−$40 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.092%, 7d avg +0.067%
=Together, before fees−0.496%+ Points / potential airdroptradeXYZ: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.025% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.067%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SMH | 596.69 | 0.0353 | pay 0.0044% / 1h | 38m 21s | $3.3M | $1.9M | 20x |
| Short | MEXC SMH_USDT | 597.24 | 0 | get 0.0000% / 8h | 3h 38m | $565K | $128K | 20x |
tradeXYZ xyz:SMH
MEXC SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$74.2
- Price spread: +0.092% → +0.067%
- $2.52
- Slippage, 4 orders
- −$43.82
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$133.5
- Costs to cover
- 0.618%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; MEXC: live order book, 7 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 | 3.01 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 7 min ago | 8.35 bp | 17.1 bp −$17 | 100.9 bp −$1,009 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0026% | 8h | 598.11 | +0.238% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 597.23 | +0.091% | $750K | $768K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 596.53 | −0.027% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 597.50 | +0.136% | $504K | $347K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 596.07 | −0.104% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 597.30 | +0.102% | $190K | $24K | 20x | as long as short |
| MEXC SMH_USDTshort | 0.0000% | 8h | 597.24 | +0.092% | $565K | $128K | 20x | |
| Bitget SMHUSDT | 0.0000% | 8h | 598.40 | +0.287% | $689K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 596.20 | −0.082% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 597.56 | +0.146% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
Bitget SMHUSDT
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 | +0.0353% | 1h | 596.69 | long leg | $3.3M | $1.9M | 20x |