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: Gate against Binance+0.035%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$282as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$2732.729% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 2 days (all we have)−0.121%−$12 · spread now +0.035%, 7d avg −0.100%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.135% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 592.29 | 0 | get 0.0000% / 8h | 2h 25m | $719K | $834K | 20x |
| Short | Gate SMH_USDT | 592.50 | 0 | get 0.0000% / 8h | 2h 25m | $188K | $28K | 20x |
Binance SMHUSDT
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.035% → −0.100%
- $13.52
- Slippage, 4 orders
- −$247.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$259.38
- Costs to cover
- 2.729%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Gate: live order book, 16 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, 7 min ago | 3.71 bp | 12.3 bp −$12 | 58.1 bp −$581 | doesn't fit | doesn't fit |
| Sell Gate live order book, 16 min ago | 6.74 bp | 181.6 bp −$182 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SMHUSDT | −0.0024% | 8h | 593.05 | +0.128% | $684K | $110K | 20x | as long as short |
| BloFin SMH-USDT | −0.0001% | 8h | 593.00 | +0.120% | $47K | $29K | 20x | as long as short |
| Binance SMHUSDTlong | 0.0000% | 8h | 592.29 | long leg | $719K | $834K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 591.92 | −0.062% | $300K | $1.1M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 592.45 | +0.027% | $502K | $348K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.67 | −0.105% | $1.1M | $6.3M | 10x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 592.50 | +0.035% | $188K | $28K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 592.53 | +0.041% | $561K | $129K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.68 | −0.103% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 594.29 | +0.338% | $7K | $46K | 10x | as long as short |
Bitget SMHUSDT
BloFin SMH-USDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
MEXC SMH_USDT
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 | +0.0601% | 1h | 592.67 | +0.064% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH