Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against QFEX+0.112%7-day average −0.078% · 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−$77as in the Price arb table
costs, in and out, $10k−$960.963% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.112%, 7d avg −0.078%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.189% dearer against QFEX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SMH-USD | 599.63 | 0 | get 0.0000% / 1h | 8m 38s | $1.1M | $6.4M | 10x |
| Short | Gate SMH_USDT | 600.30 | 0 | get 0.0000% / 8h | 4h 08m | $191K | $24K | 20x |
QFEX SMH-USD
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- Price spread: +0.112% → −0.078%
- $18.94
- Slippage, 4 orders
- −$71.26
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$77.32
- Costs to cover
- 0.963%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Gate: live order book, 42 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, 5 min ago | 1.84 bp | 11.5 bp −$12 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Gate live order book, 42 min ago | 10.83 bp | 49.8 bp −$50 | doesn't fit | 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 | −0.0023% | 8h | 600.82 | +0.198% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 601.37 | +0.290% | $742K | $764K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.84 | +0.202% | $268K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.92 | +0.215% | $507K | $349K | 20x | as long as short |
| QFEX SMH-USDlong | 0.0000% | 1h | 599.63 | long leg | $1.1M | $6.4M | 10x | |
| Gate SMH_USDTshort | 0.0000% | 8h | 600.30 | +0.112% | $191K | $24K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 600.97 | +0.223% | $569K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.28 | +0.108% | $691K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.65 | +0.003% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.71 | +0.180% | $6K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
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 | +0.0583% | 1h | 600.62 | +0.165% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH