Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against Bybit+0.139%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 2 days (all we have)−0.082%−$8 · spread now +0.139%, 7d avg +0.066%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.073% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 598.57 | 0 | get 0.0000% / 8h | 13m 50s | $260K | $2.2M | 25x |
| Short | Binance SMHUSDT | 599.40 | 0 | get 0.0000% / 8h | 13m 50s | $736K | $747K | 20x |
Bybit SMHUSDT
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- Price spread: +0.139% → +0.066%
- $7.28
- Slippage, 4 orders
- −$85.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$99.49
- Costs to cover
- 1.068%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 33 min ago.
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 Bybit live order book, 3 min ago | 8.26 bp | 59.1 bp −$59 | 164.2 bp −$1,642 | doesn't fit | doesn't fit |
| Sell Binance live order book, 33 min ago | 6.43 bp | 15.7 bp −$16 | 64.7 bp −$647 | doesn't fit | doesn't fit |
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 SMHUSDTshort | 0.0000% | 8h | 599.40 | +0.139% | $736K | $747K | 20x | |
| Bybit SMHUSDTlong | 0.0000% | 8h | 598.57 | long leg | $260K | $2.2M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 598.84 | +0.045% | $430K | $264K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 598.62 | +0.008% | $1.1M | $6.9M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 598.50 | −0.012% | $182K | $22K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 599.19 | +0.104% | $583K | $122K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 598.63 | +0.010% | $696K | $115K | 20x | as long as short |
| BloFin SMH-USDT | +0.0003% | 8h | 599.14 | +0.095% | $40K | $28K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 598.67 | +0.017% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 598.42 | −0.025% | $7K | $45K | 10x | as long as short |
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin 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 | +0.0185% | 1h | 598.97 | +0.067% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH