Funding you earn now, next payment 04:00 UTC+0.0451%/8h= +49.4% APRnext payment +$0.56 per $10,000 · paid last 24h +0.090%
Price spread now: tradeXYZ against Vest+0.108%7-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
=Together, before fees—+ Points / potential airdropVest: Active · tradeXYZ: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and tradeXYZ is 0.108% dearer against Vest than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SMH-USD-PERP | 599.98 | 0.0046 | pay 0.0006% / 1h | 33m 40s | — | — | 25x |
| Short | tradeXYZ xyz:SMH | 600.63 | 0.0497 | get 0.0062% / 1h | 33m 40s | $3.3M | $1.9M | 20x |
Vest SMH-USD-PERP
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $94.71
- Price spread: +0.108% → 0.000%
- $10.83
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $85.55
- Costs to cover
- 0.200%
- Break-even
- 0.7 days
Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago | 2.08 bp | 11.8 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0002% | 8h | 601.14 | +0.193% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 600.92 | +0.156% | $724K | $739K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.50 | +0.087% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.91 | +0.155% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.92 | −0.010% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.20 | +0.037% | $191K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.60 | +0.103% | $569K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.31 | +0.055% | $691K | $109K | 20x | as long as short |
| Vest SMH-USD-PERPlong | +0.0046% | 1h | 599.98 | long leg | — | — | 25x | |
| HTX SMH-USDT | +0.0100% | 8h | 600.17 | +0.032% | $6K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMHshort | +0.0497% | 1h | 600.63 | +0.108% | $3.3M | $1.9M | 20x |