Funding you earn now, next payment 03:00 UTC+0.0382%/8h= +41.8% APRpaid last 24h +0.108%
Price spread now: tradeXYZ against Gate+0.030%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1991.988% of the position
Funding, last 7 days+0.480%+$48 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.030%, 7d avg 0.000%
=Together, before fees+0.461%+ Points / potential airdroptradeXYZ: Active · farm board+$46 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and tradeXYZ is 0.030% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 599.80 | 0 | get 0.0000% / 8h | 5h 23m | $182K | $21K | 20x |
| Short | tradeXYZ xyz:SMH | 599.98 | 0.0382 | get 0.0048% / 1h | 23m 22s | $3.3M | $1.9M | 20x |
Gate SMH_USDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $80.23
- Price spread: +0.030% → 0.000%
- $3
- Slippage, 4 orders
- −$165.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$115.55
- Costs to cover
- 1.988%
- Break-even
- 17.1 days
Slippage from Gate: live order book, 33 min ago; tradeXYZ: live order book, 3 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, 33 min ago | 10.84 bp | 59.5 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 2.58 bp | 16.6 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0026% | 8h | 600.19 | +0.065% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 600.41 | +0.101% | $723K | $742K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 599.80 | 0.000% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.23 | +0.072% | $506K | $348K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.30 | −0.083% | $1.1M | $6.5M | 10x | as long as short |
| Gate SMH_USDTlong | 0.0000% | 8h | 599.80 | long leg | $182K | $21K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 600.41 | +0.102% | $569K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.04 | +0.040% | $691K | $111K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.55 | −0.042% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.73 | +0.322% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
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:SMHshort | +0.0382% | 1h | 599.98 | +0.030% | $3.3M | $1.9M | 20x |