Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.008%
Price spread now: Bitget against BloFin−0.159%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.159% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SMH-USDT | 592.63 | 0.0007 | pay 0.0007% / 8h | 1h 38m | $47K | $29K | 20x |
| Short | Bitget SMHUSDT | 591.69 | −0.0036 | pay 0.0036% / 8h | 1h 38m | $683K | $81K | 20x |
BloFin SMH-USDT
Bitget SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$9.1
- Price spread: −0.159% → 0.000%
- −$15.86
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$48.96
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 16.04 bp | 27.0 bp −$27 | 151.8 bp −$1,518 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SMHUSDTshort | −0.0036% | 8h | 591.69 | −0.159% | $683K | $81K | 20x | |
| Binance SMHUSDT | 0.0000% | 8h | 592.22 | −0.069% | $720K | $840K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 591.51 | −0.189% | $300K | $480K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 592.50 | −0.022% | $502K | $352K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.50 | −0.022% | $188K | $28K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.29 | −0.057% | $561K | $129K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.23 | −0.236% | $1.1M | $6.3M | 10x | as long as short |
| BloFin SMH-USDTlong | +0.0007% | 8h | 592.63 | long leg | $47K | $29K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.49 | −0.192% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 594.09 | +0.246% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
QFEX SMH-USD
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:SMH | +0.0406% | 1h | 591.98 | −0.110% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH