SMIC

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetSMICUSDT	7.9290	0	0.0000% / 8h	1h 40m	$333K	$92K	5x	Long Bitget
SHORT	MEXCSMICSTOCK_USDT	7.9080	0	0.0000% / 8h	1h 40m	$198K	$97K	20x	Short MEXC

Price gap−0.265%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.183% under its 7d average: the price leg works against you, −$18 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding$00.0000% /8h now · paid 0.000% over the last 7D

Price−$18spread −0.265% now, avg −0.082% → −0.183% if it goes back

Costs−$3283.283% of $10k · taker + slippage, in and out

Result−$347−3.47%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.265%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SMIC on 6 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size25.2 / 120.9 bp
At $10k entering MEXC costs 120.9 bp, fee and slippage, 4.8× Bitget’s.
Note: Margin at max leverage$2,000 + $500
Bitget 5x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long Bitget: 3 payments, $0.00; short MEXC: 3 payments, $0.00.
Watch: Gap narrower than usual−0.265% vs −0.082%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$198K vs $333K OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBitget Yes · MEXC Yes
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned0.0000%/8h × 21 periods$0.00

Price spread−0.265% → −0.082% (7d avg)−$18.26

Slippage, 4 orderslive order books−$316.31

Fee Bitget bp × 2 orders−$12.00

Fee MEXC bp × 2 orders$0.00

Net · 7 days · $10k−$346.57

Costs to cover3.283%Break-evennever at this rate

Slippage: Bitget: live order book, 40 min ago; MEXC: live order book, 48 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget11.9825.2 bp−$2528.0 bp−$28092.3 bp−$9,229doesn’t fit

SELL · SHORTMEXC23.35120.9 bp−$121189.3 bp−$1,893216.2 bp−$21.6Kdoesn’t fit

Closing costs about the same again.