Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX−0.150%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$246as in the Price arb table
costs, in and out, $10k−$2342.336% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.150%, 7d avg −0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.123% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 600.60 | 0 | get 0.0000% / 8h | 5h 47m | $506K | $348K | 20x |
| Short | Gate SMH_USDT | 599.70 | 0 | get 0.0000% / 8h | 5h 47m | $182K | $21K | 20x |
OKX SMH-USDT-SWAP
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.150% → −0.027%
- −$12.27
- Slippage, 4 orders
- −$208.58
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$245.85
- Costs to cover
- 2.336%
- Break-even
- never at this rate
Slippage from OKX: live order book, 13 min ago; Gate: live order book, 8 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 OKX live order book, 13 min ago | 2.08 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 8 min ago | 10.84 bp | 106.9 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
SMH on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDT | 0.0000% | 8h | 600.26 | −0.056% | $741K | $728K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 599.87 | −0.122% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | 0.0000% | 8h | 600.60 | long leg | $506K | $348K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 599.37 | −0.205% | $1.1M | $6.6M | 10x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 599.70 | −0.150% | $182K | $21K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 600.16 | −0.073% | $568K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.25 | −0.058% | $691K | $112K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.43 | −0.195% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.03 | −0.095% | $7K | $46K | 10x | as long as short |
| tradeXYZ xyz:SMH | +0.0394% | 1h | 600.03 | −0.095% | $3.3M | $1.9M | 20x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
HTX SMH-USDT
tradeXYZ xyz:SMH