Funding you earn now, next payment 06:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.008%
Price spread now: QFEX against BloFin−0.128%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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: QFEX is 0.128% cheaper against BloFin than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SMH-USDT | 594.52 | 0.0003 | pay 0.0003% / 8h | 2h 07m | $47K | $29K | 20x |
| Short | QFEX SMH-USD | 593.76 | 0 | get 0.0000% / 1h | 7m 53s | $1.1M | $6.3M | 10x |
BloFin SMH-USDT
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$0.72
- Price spread: −0.128% → 0.000%
- −$12.78
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$35.5
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; QFEX: 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 QFEX live order book, 6 min ago | 2.11 bp | 13.9 bp −$14 | 22.0 bp −$220 | 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 SMHUSDT | −0.0032% | 8h | 594.02 | −0.084% | $685K | $81K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 594.93 | +0.068% | $723K | $840K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 593.59 | −0.156% | $301K | $867K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.13 | +0.103% | $504K | $353K | 20x | as long as short |
| QFEX SMH-USDshort | 0.0000% | 1h | 593.76 | −0.128% | $1.1M | $6.3M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 594.20 | −0.054% | $189K | $28K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 594.47 | −0.008% | $563K | $130K | 20x | as long as short |
| BloFin SMH-USDTlong | +0.0003% | 8h | 594.52 | long leg | $47K | $29K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 593.79 | −0.123% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 596.13 | +0.271% | $7K | $46K | 10x | as long as short |
Bitget SMHUSDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
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 | +0.0588% | 1h | 594.53 | +0.002% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH