Funding you earn now, next payment 08:00 UTC+0.0445%/8h= +48.7% APRpaid last 24h +0.077%
Price spread now: tradeXYZ against HTX−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. tradeXYZ is 0.030% cheaper against HTX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SMH-USDT | 592.89 | 0.0100 | pay 0.0100% / 8h | 31m 15s | $7K | $47K | 10x |
| Short | tradeXYZ xyz:SMH | 592.71 | 0.0545 | get 0.0068% / 1h | 31m 15s | $3.2M | $2.0M | 20x |
HTX SMH-USDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against HTX. 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
- $93.41
- Price spread: −0.030% → 0.000%
- −$3.04
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $60.38
- Costs to cover
- 0.300%
- Break-even
- 2.5 days
Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 7 min ago. Net counts fees only.
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 HTX no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 7 min ago | 3.37 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0009% | 8h | 592.85 | −0.007% | $47K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 592.81 | −0.013% | $725K | $798K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 592.25 | −0.108% | $299K | $407K | 25x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.99 | −0.152% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.40 | −0.083% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 593.02 | +0.022% | $561K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.81 | −0.013% | $684K | $49K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.91 | −0.165% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAP | +0.0054% | 8h | 593.05 | +0.027% | $500K | $355K | 20x | as long as short |
| HTX SMH-USDTlong | +0.0100% | 8h | 592.89 | long leg | $7K | $47K | 10x |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
OKX SMH-USDT-SWAPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMHshort | +0.0545% | 1h | 592.71 | −0.030% | $3.2M | $2.0M | 20x |