Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%
Price spread now: Bybit against Vest+0.098%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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. Bybit is 0.098% dearer against Vest than usual: you sell high and buy low (spread +0.098% 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 7.2 days. The two prices were read 57 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 | Vest SMH-USD-PERP | 600.39 | 0.0046 | pay 0.0006% / 1h | 3m 39s | — | — | 25x |
| Short | Bybit SMHUSDT | 600.98 | 0 | get 0.0000% / 8h | 5h 03m | $266K | $2.4M | 25x |
Vest SMH-USD-PERP
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.098% → 0.000%
- $9.83
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$12.77
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 3.08 bp | 65.5 bp −$65 | 186.8 bp −$1,868 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDT | 0.0000% | 8h | 601.25 | +0.143% | $725K | $741K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 600.98 | +0.098% | $266K | $2.4M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 601.10 | +0.118% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 600.31 | −0.013% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.50 | +0.018% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.82 | +0.072% | $569K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.65 | +0.043% | $692K | $110K | 20x | as long as short |
| BloFin SMH-USDT | +0.0009% | 8h | 600.98 | +0.098% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERPlong | +0.0046% | 1h | 600.39 | long leg | — | — | 25x | |
| HTX SMH-USDT | +0.0100% | 8h | 603.24 | +0.475% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin SMH-USDT
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0375% | 1h | 600.67 | +0.047% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH