Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against Binance+0.046%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1171.172% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 2 days (all we have)−0.062%−$6 · spread now +0.046%, 7d avg −0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.081% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 592.53 | 0 | get 0.0000% / 8h | 6h 48m | $706K | $790K | 20x |
| Short | OKX SMH-USDT-SWAP | 592.80 | 0 | get 0.0000% / 8h | 6h 48m | $500K | $287K | 20x |
Binance SMHUSDT
OKX SMH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.046% → −0.036%
- $8.14
- Slippage, 4 orders
- −$97.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$109.05
- Costs to cover
- 1.172%
- Break-even
- never at this rate
Slippage from Binance: live order book, 73 min ago; OKX: live order book, 42 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, 73 min ago | 6.24 bp | 15.0 bp −$15 | 64.5 bp −$645 | doesn't fit | doesn't fit |
| Sell OKX live order book, 42 min ago | 2.12 bp | 30.9 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
SMH on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX SMH-USD | 0.0000% | 1h | 592.00 | −0.089% | $1.1M | $6.2M | 10x | as long as short |
| Binance SMHUSDTlong | 0.0000% | 8h | 592.53 | long leg | $706K | $790K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 592.28 | −0.042% | $299K | $364K | 25x | as long as short |
| OKX SMH-USDT-SWAPshort | 0.0000% | 8h | 592.80 | +0.046% | $500K | $287K | 20x | |
| Gate SMH_USDT | 0.0000% | 8h | 591.90 | −0.106% | $185K | $18K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.63 | +0.017% | $561K | $113K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.21 | −0.054% | $683K | $49K | 20x | as long as short |
| BloFin SMH-USDT | +0.0029% | 8h | 592.48 | −0.008% | $48K | $30K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.98 | −0.093% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 593.52 | +0.167% | $7K | $47K | 10x | as long as short |
QFEX SMH-USD
Bybit SMHUSDT
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin SMH-USDT
Vest SMH-USD-PERP
HTX SMH-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0398% | 1h | 592.07 | −0.077% | $3.2M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH