Funding you earn now, next payment 16:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against BloFin+0.042%91s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.042% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 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 | BloFin SMH-USDT | 594.35 | −0.0015 | get 0.0015% / 8h | 6h 03m | $48K | $31K | 20x |
| Short | Binance SMHUSDT | 594.60 | 0 | get 0.0000% / 8h | 6h 03m | $704K | $1.2M | 20x |
BloFin SMH-USDT
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $3.16
- Price spread: +0.042% → 0.000%
- $4.21
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$14.63
- Costs to cover
- 0.220%
- Break-even
- 39.4 days
Slippage unknown: BloFin: no order-book sample; Binance: live order book, 7 min ago. Net counts fees only.
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 BloFin no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 5.23 bp | 18.4 bp −$18 | 57.0 bp −$570 | doesn't fit | doesn't fit |
BloFin: 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 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-USDTlong | −0.0015% | 8h | 594.35 | long leg | $48K | $31K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 593.47 | −0.148% | $1.1M | $5.9M | 10x | as long as short |
| Binance SMHUSDTshort | 0.0000% | 8h | 594.60 | +0.042% | $704K | $1.2M | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 593.98 | −0.062% | $299K | $345K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 594.58 | +0.039% | $499K | $312K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 594.20 | −0.025% | $186K | $19K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 594.16 | −0.032% | $562K | $115K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 594.51 | +0.027% | $687K | $45K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.82 | +0.079% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 594.96 | +0.103% | $7K | $47K | 10x | as long as short |
QFEX SMH-USD
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 | +0.0391% | 1h | 593.84 | −0.086% | $3.2M | $1.8M | 20x | as long as short |
tradeXYZ xyz:SMH