Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.007%
Price spread now: OKX against BloFin−0.051%83s7-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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.051% cheaper against BloFin than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 83 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 | 602.82 | 0.0003 | pay 0.0003% / 8h | 6h 59m | $48K | $29K | 20x |
| Short | OKX SMH-USDT-SWAP | 602.51 | 0 | get 0.0000% / 8h | 6h 59m | $507K | $350K | 20x |
BloFin SMH-USDT
OKX SMH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$0.69
- Price spread: −0.051% → 0.000%
- −$5.14
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$27.83
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago | 2.32 bp | 35.3 bp −$35 | 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 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 | 602.33 | −0.081% | $744K | $746K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 601.85 | −0.161% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPshort | 0.0000% | 8h | 602.51 | −0.051% | $507K | $350K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 601.38 | −0.239% | $1.1M | $6.8M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 601.90 | −0.153% | $183K | $22K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 602.35 | −0.078% | $583K | $127K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 602.06 | −0.126% | $696K | $119K | 20x | as long as short |
| BloFin SMH-USDTlong | +0.0003% | 8h | 602.82 | long leg | $48K | $29K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 601.44 | −0.229% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 602.42 | −0.066% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
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 | +0.0184% | 1h | 601.61 | −0.201% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH