Funding you earn now, next payment 04:00 UTC+0.0500%/8h= +54.8% APRpaid last 24h +0.104%
Price spread now: tradeXYZ against Bitget+0.087%7-day average −0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$650.645% of the position
Funding, last 7 days+0.482%+$48 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.087%, 7d avg −0.111%
=Together, before fees+0.426%+ Points / potential airdroptradeXYZ: Active · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and tradeXYZ is 0.198% dearer against Bitget than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.111%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SMHUSDT | 600.25 | 0 | get 0.0000% / 8h | 4h 33m | $691K | $109K | 20x |
| Short | tradeXYZ xyz:SMH | 600.77 | 0.0500 | get 0.0063% / 1h | 33m 06s | $3.3M | $1.9M | 20x |
Bitget SMHUSDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bitget. 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
- $105.09
- Price spread: +0.087% → −0.111%
- $19.76
- Slippage, 4 orders
- −$34.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $60.31
- Costs to cover
- 0.645%
- Break-even
- 3.0 days
Slippage from Bitget: live order book, 22 min ago; tradeXYZ: 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 Bitget live order book, 22 min ago | 11.64 bp | 18.9 bp −$19 | 25.3 bp −$253 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 2.08 bp | 11.8 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0003% | 8h | 600.77 | +0.087% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 600.95 | +0.117% | $724K | $739K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.50 | +0.042% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 601.34 | +0.182% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.89 | −0.060% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.20 | −0.008% | $191K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.41 | +0.027% | $569K | $129K | 20x | as long as short |
| Bitget SMHUSDTlong | 0.0000% | 8h | 600.25 | long leg | $691K | $109K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.95 | −0.050% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.17 | −0.013% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
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:SMHshort | +0.0500% | 1h | 600.77 | +0.087% | $3.3M | $1.9M | 20x |