Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate0.000%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$463as in the Funding arb table
Net, price: spread back to 7d avg − costs−$470as in the Price arb table
costs, in and out, $10k−$4654.648% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now 0.000%, 7d avg +0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.048% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 592.20 | 0 | get 0.0000% / 8h | 3m 07s | $185K | $30K | 20x |
| Short | Bybit SMHUSDT | 592.20 | 0 | get 0.0000% / 8h | 3m 07s | $299K | $384K | 25x |
Gate SMH_USDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: 0.000% → +0.048%
- −$4.83
- Slippage, 4 orders
- −$438.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$469.59
- Costs to cover
- 4.648%
- Break-even
- never at this rate
Slippage from Gate: live order book, 28 min ago; Bybit: live order book, 62 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, 28 min ago | 5.91 bp | 301.0 bp −$301 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 62 min ago | 7.93 bp | 24.0 bp −$24 | 205.0 bp −$2,050 | 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 | −0.0018% | 8h | 593.22 | +0.172% | $47K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 592.90 | +0.119% | $721K | $806K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 592.20 | 0.000% | $299K | $384K | 25x | |
| QFEX SMH-USD | 0.0000% | 1h | 592.16 | −0.007% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDTlong | 0.0000% | 8h | 592.20 | long leg | $185K | $30K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 592.75 | +0.093% | $561K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.67 | +0.079% | $679K | $51K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 592.19 | −0.002% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAP | +0.0066% | 8h | 592.29 | +0.015% | $499K | $356K | 20x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 595.09 | +0.488% | $7K | $47K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
QFEX SMH-USD
MEXC SMH_USDT
Bitget SMHUSDT
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:SMH | +0.0489% | 1h | 592.38 | +0.030% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH