Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against Gate+0.130%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1961.964% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 2 days (all we have)+0.067%+$7 · spread now +0.130%, 7d avg +0.101%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.101%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 600.50 | 0 | get 0.0000% / 8h | 5h 03m | $182K | $21K | 20x |
| Short | Binance SMHUSDT | 601.28 | 0 | get 0.0000% / 8h | 5h 03m | $725K | $741K | 20x |
Gate SMH_USDT
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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: +0.130% → +0.101%
- $2.9
- Slippage, 4 orders
- −$171.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$193.55
- Costs to cover
- 1.964%
- Break-even
- never at this rate
Slippage from Gate: live order book, 53 min ago; Binance: live order book, 74 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 Gate live order book, 53 min ago | 10.84 bp | 59.5 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 74 min ago | 1.91 bp | 13.0 bp −$13 | 56.8 bp −$568 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0027% | 8h | 600.98 | +0.080% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDTshort | 0.0000% | 8h | 601.28 | +0.130% | $725K | $741K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 600.99 | +0.082% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 601.10 | +0.100% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 600.31 | −0.032% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDTlong | 0.0000% | 8h | 600.50 | long leg | $182K | $21K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 600.91 | +0.068% | $569K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.65 | +0.025% | $692K | $110K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.39 | −0.018% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 603.24 | +0.456% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
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 | +0.0375% | 1h | 600.67 | +0.028% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH