Funding you earn now, next payment 10:00 UTC0.0000%/8h= −0.1% APRpaid last 24h −0.010%
Price spread now: QFEX against Binance−0.128%53s7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.468% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 2 days (all we have)+0.308%+$31 · spread now −0.128%, 7d avg −0.104%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.104%. The two prices were read 53 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 | 594.99 | 0 | get 0.0000% / 8h | 6h 04m | $705K | $1.2M | 20x |
| Short | QFEX SMH-USD | 594.23 | 0.0000 | pay 0.0000% / 1h | 4m 40s | $1.1M | $5.9M | 10x |
Binance SMHUSDT
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$0.1
- Price spread: −0.128% → −0.104%
- −$2.36
- Slippage, 4 orders
- −$26.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$49.25
- Costs to cover
- 0.468%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; QFEX: live order book, 7 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, 6 min ago | 5.23 bp | 12.8 bp −$13 | 51.0 bp −$510 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 2.19 bp | 7.5 bp −$8 | 12.5 bp −$125 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0015% | 8h | 594.35 | −0.108% | $48K | $31K | 20x | as long as short |
| QFEX SMH-USDshort | 0.0000% | 1h | 594.23 | −0.128% | $1.1M | $5.9M | 10x | |
| Binance SMHUSDTlong | 0.0000% | 8h | 594.99 | long leg | $705K | $1.2M | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 594.61 | −0.064% | $299K | $344K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.20 | +0.035% | $499K | $312K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 594.30 | −0.116% | $186K | $19K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 594.16 | −0.139% | $562K | $115K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 594.82 | −0.029% | $688K | $45K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.07 | −0.155% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 593.32 | −0.281% | $7K | $47K | 10x | as long as short |
BloFin SMH-USDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
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 | +0.0396% | 1h | 594.83 | −0.027% | $3.2M | $1.8M | 20x | as long as short |
tradeXYZ xyz:SMH