Funding you earn now, next payment 11:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: Bitget against QFEX+0.037%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1451.453% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.037%, 7d avg +0.039%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SMH-USD | 595.08 | −0.0003 | get 0.0000% / 1h | 45m 17s | $1.1M | $5.9M | 10x |
| Short | Bitget SMHUSDT | 595.30 | 0 | get 0.0000% / 8h | 5h 45m | $688K | $45K | 20x |
QFEX SMH-USD
Bitget SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against QFEX. 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
- $0.71
- Price spread: +0.037% → +0.039%
- −$0.25
- Slippage, 4 orders
- −$123.28
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$144.83
- Costs to cover
- 1.453%
- Break-even
- 1443.8 days
Slippage from QFEX: live order book, 7 min ago; Bitget: live order book, 63 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 QFEX live order book, 7 min ago | 1.60 bp | 25.1 bp −$25 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 63 min ago | 10.13 bp | 57.2 bp −$57 | 96.9 bp −$969 | doesn't fit | doesn't fit |
SMH on 11 exchanges
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 | −0.0015% | 8h | 596.16 | +0.181% | $48K | $32K | 20x | as long as short |
| QFEX SMH-USDlong | −0.0003% | 1h | 595.08 | long leg | $1.1M | $5.9M | 10x | |
| Binance SMHUSDT | 0.0000% | 8h | 595.73 | +0.109% | $707K | $1.2M | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 595.25 | +0.029% | $300K | $342K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.68 | +0.101% | $499K | $309K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 595.10 | +0.003% | $186K | $19K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 595.73 | +0.109% | $564K | $111K | 20x | as long as short |
| Bitget SMHUSDTshort | 0.0000% | 8h | 595.30 | +0.037% | $688K | $45K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.44 | −0.108% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 594.66 | −0.071% | $7K | $47K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
Vest SMH-USD-PERP
HTX SMH-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0376% | 1h | 595.73 | +0.109% | $3.2M | $1.8M | 20x | as long as short |
tradeXYZ xyz:SMH