Funding you earn now, next payment 16:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.006%
Price spread now: Gate against BloFin−0.071%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 Gate is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 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 | 592.92 | 0.0021 | pay 0.0021% / 8h | 6h 15m | $47K | $31K | 20x |
| Short | Gate SMH_USDT | 592.50 | 0 | get 0.0000% / 8h | 6h 15m | $186K | $19K | 20x |
BloFin SMH-USDT
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$4.46
- Price spread: −0.071% → 0.000%
- −$7.08
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$38.55
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Gate: live order book, 31 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 Gate live order book, 31 min ago | 13.52 bp | 116.1 bp −$116 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX SMH-USD | 0.0000% | 1h | 592.18 | −0.125% | $1.1M | $6.0M | 10x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 592.98 | +0.011% | $705K | $1.2M | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 592.63 | −0.049% | $298K | $345K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 593.29 | +0.062% | $498K | $311K | 20x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 592.50 | −0.071% | $186K | $19K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 592.77 | −0.025% | $561K | $115K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.36 | −0.094% | $685K | $46K | 20x | as long as short |
| BloFin SMH-USDTlong | +0.0021% | 8h | 592.92 | long leg | $47K | $31K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 592.16 | −0.128% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 593.77 | +0.143% | $7K | $47K | 10x | as long as short |
QFEX SMH-USD
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
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 | +0.0428% | 1h | 592.82 | −0.017% | $3.2M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH