Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against BloFin−0.334%862s7-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 $0 a day on $10k at the current rate, and Bybit is 0.334% cheaper against BloFin than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 862 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 | 601.72 | 0.0016 | pay 0.0016% / 8h | 6h 34m | $48K | $30K | 20x |
| Short | Bybit SMHUSDT | 599.71 | 0 | get 0.0000% / 8h | 6h 34m | $265K | $2.4M | 25x |
BloFin SMH-USDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$3.33
- Price spread: −0.334% → 0.000%
- −$33.4
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$59.74
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago | 5.17 bp | 58.3 bp −$58 | 167.6 bp −$1,676 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDT | 0.0000% | 8h | 600.03 | −0.281% | $743K | $739K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 599.71 | −0.334% | $265K | $2.4M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.43 | −0.214% | $504K | $348K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.03 | −0.447% | $1.1M | $6.7M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.10 | −0.269% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.03 | −0.281% | $568K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.19 | −0.254% | $694K | $119K | 20x | as long as short |
| BloFin SMH-USDTlong | +0.0016% | 8h | 601.72 | long leg | $48K | $30K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.10 | −0.435% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.02 | −0.116% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
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 | +0.0504% | 1h | 599.76 | −0.326% | $3.3M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH