Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against OKX+0.102%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
The price spread pays, funding is against you. BloFin is 0.102% dearer against OKX than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 597.50 | 0 | get 0.0000% / 8h | 3h 38m | $504K | $347K | 20x |
| Short | BloFin SMH-USDT | 598.11 | −0.0026 | pay 0.0026% / 8h | 3h 38m | $48K | $29K | 20x |
OKX SMH-USDT-SWAP
BloFin SMH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- −$5.42
- Price spread: +0.102% → 0.000%
- $10.21
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$17.21
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 12 min ago; BloFin: no order-book sample. 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 OKX live order book, 12 min ago | 0.92 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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-USDTshort | −0.0026% | 8h | 598.11 | +0.102% | $48K | $29K | 20x | |
| Binance SMHUSDT | 0.0000% | 8h | 597.28 | −0.037% | $750K | $768K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 596.67 | −0.139% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | 0.0000% | 8h | 597.50 | long leg | $504K | $347K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 596.46 | −0.174% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 597.40 | −0.017% | $190K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 597.35 | −0.025% | $565K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 598.40 | +0.151% | $689K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 596.49 | −0.169% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 597.56 | +0.010% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
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:SMH | +0.0353% | 1h | 596.75 | −0.126% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH