Funding you earn now, next payment 08:00 UTC+0.0550%/8h= +60.2% APRpaid last 24h +0.107%
Price spread now: tradeXYZ against Bybit+0.081%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1041.045% of the position
Funding, last 7 days+0.473%+$47 on $10k
+Price spread, last 7 days−0.159%−$16 · spread now +0.081%, 7d avg −0.044%
=Together, before fees+0.314%+ Points / potential airdroptradeXYZ: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and tradeXYZ is 0.125% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 592.22 | 0 | get 0.0000% / 8h | 30m 30s | $299K | $407K | 25x |
| Short | tradeXYZ xyz:SMH | 592.70 | 0.0550 | get 0.0069% / 1h | 30m 30s | $3.2M | $2.0M | 20x |
Bybit SMHUSDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $115.52
- Price spread: +0.081% → −0.044%
- $12.5
- Slippage, 4 orders
- −$75.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $23.54
- Costs to cover
- 1.045%
- Break-even
- 5.6 days
Slippage from Bybit: live order book, 35 min ago; tradeXYZ: live order book, 8 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, 35 min ago | 7.93 bp | 49.5 bp −$49 | 213.1 bp −$2,131 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 3.37 bp | 14.7 bp −$15 | doesn't fit | 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 SMHUSDT | 0.0000% | 8h | 592.81 | +0.100% | $725K | $798K | 20x | as long as short |
| Bybit SMHUSDTlong | 0.0000% | 8h | 592.22 | long leg | $299K | $407K | 25x | |
| QFEX SMH-USD | 0.0000% | 1h | 591.99 | −0.039% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.30 | +0.014% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.95 | +0.123% | $561K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.81 | +0.100% | $684K | $49K | 20x | as long as short |
| BloFin SMH-USDT | +0.0023% | 8h | 593.29 | +0.181% | $47K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.90 | −0.054% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAP | +0.0056% | 8h | 593.05 | +0.140% | $500K | $355K | 20x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 592.89 | +0.113% | $7K | $47K | 10x | as long as short |
Binance SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin SMH-USDT
Vest SMH-USD-PERP
OKX SMH-USDT-SWAP
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMHshort | +0.0550% | 1h | 592.70 | +0.081% | $3.2M | $2.0M | 20x |