Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.003%
Price spread now: Binance against Vest+0.103%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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. Binance is 0.103% dearer against Vest than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SMH-USD-PERP | 591.49 | 0.0046 | pay 0.0006% / 1h | 50m 53s | — | — | 25x |
| Short | Binance SMHUSDT | 592.10 | 0 | get 0.0000% / 8h | 50m 53s | $724K | $796K | 20x |
Vest SMH-USD-PERP
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Vest. 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
- −$9.59
- Price spread: +0.103% → 0.000%
- $10.31
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$11.28
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Binance: live order book, 26 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 26 min ago | 4.30 bp | 18.5 bp −$19 | 69.1 bp −$691 | doesn't fit | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SMHUSDT | −0.0017% | 8h | 592.68 | +0.201% | $684K | $78K | 20x | as long as short |
| Binance SMHUSDTshort | 0.0000% | 8h | 592.10 | +0.103% | $724K | $796K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 592.20 | +0.120% | $299K | $410K | 25x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.55 | +0.010% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.00 | +0.086% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.66 | +0.198% | $561K | $127K | 20x | as long as short |
| BloFin SMH-USDT | +0.0009% | 8h | 592.49 | +0.169% | $47K | $29K | 20x | as long as short |
| Vest SMH-USD-PERPlong | +0.0046% | 1h | 591.49 | long leg | — | — | 25x | |
| OKX SMH-USDT-SWAP | +0.0048% | 8h | 592.95 | +0.247% | $500K | $355K | 20x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 591.12 | −0.063% | $7K | $46K | 10x | as long as short |
Bitget SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
BloFin SMH-USDT
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:SMH | +0.0583% | 1h | 592.24 | +0.127% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH