Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance+0.053%111s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BloFin is 0.053% dearer against Binance than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days. The two prices were read 111 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 | Binance SMHUSDT | 595.29 | 0 | get 0.0000% / 8h | 3h 03m | $742K | $787K | 20x |
| Short | BloFin SMH-USDT | 595.61 | −0.0010 | pay 0.0010% / 8h | 3h 03m | $48K | $29K | 20x |
Binance SMHUSDT
BloFin SMH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$2.16
- Price spread: +0.053% → 0.000%
- $5.32
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.84
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 44 min ago; BloFin: no order-book sample. 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 Binance live order book, 44 min ago | 3.01 bp | 11.6 bp −$12 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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-USDTshort | −0.0010% | 8h | 595.61 | +0.053% | $48K | $29K | 20x | |
| Binance SMHUSDTlong | 0.0000% | 8h | 595.29 | long leg | $742K | $787K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 594.08 | −0.204% | $302K | $2.0M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.58 | +0.048% | $504K | $350K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 594.01 | −0.216% | $1.1M | $6.3M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 594.70 | −0.100% | $188K | $27K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 595.27 | −0.004% | $564K | $131K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 594.82 | −0.080% | $686K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.22 | −0.180% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 597.04 | +0.293% | $7K | $46K | 10x | as long as short |
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC 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:SMH | +0.0446% | 1h | 594.70 | −0.100% | $3.3M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH