Settings8H · net · $10k
Funding arb · Price arb /

SMH

RWAall SMH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.020%
Price spread now: HTX against Binance−0.128%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. HTX is 0.128% cheaper against Binance than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.3 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SMHUSDT600.940get 0.0000% / 8h4h 34m$724K$739K20x
ShortHTX SMH-USDT600.170.0100get 0.0100% / 8h4h 34m$6K$46K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21
Price spread: −0.128% → 0.000%
−$12.76
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$13.76
Costs to cover
0.220%
Break-even
11.6 days
Slippage unknown: Binance: live order book, 28 min ago; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 28 min ago4.57 bp12.8 bp −$1355.3 bp −$553doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SMH-USDT−0.0002%8h601.14+0.034%$48K$29K20xas long as short
Binance SMHUSDTlong0.0000%8h600.94long leg$724K$739K20x
Bybit SMHUSDT0.0000%8h600.50−0.073%$266K$2.4M25xas long as short
OKX SMH-USDT-SWAP0.0000%8h600.91−0.004%$506K$349K20xas long as short
QFEX SMH-USD0.0000%1h599.92−0.169%$1.1M$6.4M10xas long as short
Gate SMH_USDT0.0000%8h600.20−0.123%$191K$24K20xas long as short
MEXC SMH_USDT0.0000%8h600.56−0.063%$569K$129K20xas long as short
Bitget SMHUSDT0.0000%8h600.31−0.104%$691K$109K20xas long as short
Vest SMH-USD-PERP+0.0046%1h599.98−0.159%25xas long as short
HTX SMH-USDTshort+0.0100%8h600.17−0.128%$6K$46K10x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:SMH+0.0495%1h600.63−0.051%$3.3M$1.9M20xas long as short