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: Bybit against MEXC−0.197%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1811.806% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.197%, 7d avg −0.016%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.180% cheaper against MEXC than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SMH_USDT | 595.25 | 0 | get 0.0000% / 8h | 3h 03m | $563K | $131K | 20x |
| Short | Bybit SMHUSDT | 594.08 | 0 | get 0.0000% / 8h | 3h 03m | $302K | $2.0M | 25x |
MEXC SMH_USDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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: −0.197% → −0.016%
- −$18.04
- Slippage, 4 orders
- −$169.62
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$198.66
- Costs to cover
- 1.806%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 41 min ago; Bybit: 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 MEXC live order book, 41 min ago | 8.35 bp | 14.0 bp −$14 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.47 bp | 73.0 bp −$73 | 167.4 bp −$1,674 | 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 | −0.0010% | 8h | 595.61 | +0.060% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 595.30 | +0.008% | $742K | $787K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 594.08 | −0.197% | $302K | $2.0M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.58 | +0.055% | $504K | $350K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 594.01 | −0.208% | $1.1M | $6.3M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 594.70 | −0.092% | $188K | $27K | 20x | as long as short |
| MEXC SMH_USDTlong | 0.0000% | 8h | 595.25 | long leg | $563K | $131K | 20x | |
| Bitget SMHUSDT | 0.0000% | 8h | 594.82 | −0.072% | $686K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.22 | −0.173% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 597.04 | +0.301% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate 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 | +0.0446% | 1h | 594.70 | −0.092% | $3.3M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH