Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: QFEX against MEXC−0.102%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.102%, 7d avg +0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.112% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SMH_USDT | 600.53 | 0 | get 0.0000% / 8h | 4h 34m | $569K | $129K | 20x |
| Short | QFEX SMH-USD | 599.92 | 0 | get 0.0000% / 1h | 34m 30s | $1.1M | $6.4M | 10x |
MEXC SMH_USDT
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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: −0.102% → +0.010%
- −$11.19
- Slippage, 4 orders
- −$24.23
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$45.42
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 15 min ago; QFEX: live order book, 4 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, 15 min ago | 2.25 bp | 11.2 bp −$11 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.17 bp | 8.8 bp −$9 | 15.6 bp −$156 | 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 | −0.0002% | 8h | 601.14 | +0.102% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 600.92 | +0.065% | $724K | $739K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.50 | −0.005% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.91 | +0.063% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USDshort | 0.0000% | 1h | 599.92 | −0.102% | $1.1M | $6.4M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 600.20 | −0.055% | $191K | $24K | 20x | as long as short |
| MEXC SMH_USDTlong | 0.0000% | 8h | 600.53 | long leg | $569K | $129K | 20x | |
| Bitget SMHUSDT | 0.0000% | 8h | 600.31 | −0.037% | $691K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.98 | −0.092% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.17 | −0.060% | $6K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
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 | +0.0493% | 1h | 600.63 | +0.017% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH