Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against Binance−0.056%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1381.378% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 2 days (all we have)−0.015%−$1 · spread now −0.056%, 7d avg −0.066%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 600.83 | 0 | get 0.0000% / 8h | 4h 37m | $724K | $739K | 20x |
| Short | Bybit SMHUSDT | 600.50 | 0 | get 0.0000% / 8h | 4h 37m | $266K | $2.4M | 25x |
Binance SMHUSDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.056% → −0.066%
- $1.06
- Slippage, 4 orders
- −$116.75
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$136.69
- Costs to cover
- 1.378%
- Break-even
- never at this rate
Slippage from Binance: live order book, 25 min ago; Bybit: live order book, 5 min ago.
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, 25 min ago | 4.57 bp | 12.8 bp −$13 | 55.3 bp −$553 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.25 bp | 79.6 bp −$80 | 181.3 bp −$1,813 | doesn't fit | doesn't fit |
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 | −0.0012% | 8h | 601.14 | +0.051% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDTlong | 0.0000% | 8h | 600.83 | long leg | $724K | $739K | 20x | |
| Bybit SMHUSDTshort | 0.0000% | 8h | 600.50 | −0.056% | $266K | $2.4M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.91 | +0.012% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.92 | −0.152% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.20 | −0.106% | $191K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.54 | −0.049% | $569K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.31 | −0.087% | $691K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.98 | −0.142% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.17 | −0.111% | $6K | $46K | 10x | as long as short |
BloFin SMH-USDT
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 | +0.0472% | 1h | 600.63 | −0.034% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH