data as of
Settings8H · net · $10k
Funding arb /

SMH

RWAall SMH markets
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Funding spread now, next payment 19:00 UTC+0.0099%/8h
paid, last 24h+0.151%paid, last 5 days+0.454%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SMH-USDT594.540.0001pay 0.0001% / 8h5h 43m$42K$27K20x
ShorttradeXYZ xyz:SMH594.380.0100get 0.0012% / 1h43m 39s$3.4M$1.8M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$20.73
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$9.27
Break-even
10.1 days
Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.027%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell tradeXYZ live order book, 5 min ago2.27 bp12.6 bp −$13doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance SMHUSDT0.0000%8h$731K$770K20xas long as short
Bybit SMHUSDT0.0000%8h$253K$3.2M25xas long as short
OKX SMH-USDT-SWAP0.0000%8h$440K$243K20xas long as short
QFEX SMH-USD0.0000%1h$1.1M$4.9M10xas long as short
Gate SMH_USDT0.0000%8h$181K$22K20xas long as short
MEXC SMH_USDT0.0000%8h$579K$118K20xas long as short
Bitget SMHUSDT0.0000%8h$692K$128K20xas long as short
BloFin SMH-USDTlong+0.0001%8h$42K$27K20x
Vest SMH-USD-PERP+0.0046%1h25xas long as short
tradeXYZ xyz:SMHshort+0.0100%1h$3.4M$1.8M20x
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX SMH-USDT+0.0100%8h$7K$43K10xas long as short