data as of
Settings8H · net · $10k
Funding arb /

SMH

RWAall SMH markets
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Funding spread now, next payment 15:00 UTC+0.0172%/8h
next payment, per $10,000+$0.21paid, last 24h+0.152%paid, last 3 days+0.495%to open and close $10k−$35
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX SMH-USD587.180get 0.0000% / 1h18m 54s$1.1M$3.9M10x
ShorttradeXYZ xyz:SMH587.330.0172get 0.0021% / 1h18m 54s$3.4M$1.3M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$36.06
Slippage, 4 orders
−$6.68
Fee QFEX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$1.38
Break-even
6.7 days
Slippage from QFEX: live order book, 6 min ago; tradeXYZ: live order book, 10 min ago.

Price risk

price view
Price gap now
+0.026%
Avg gap 7d
+0.012%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 6 min ago0.94 bp5.9 bp −$69.2 bp −$92doesn't fitdoesn't fit
Sell tradeXYZ live order book, 10 min ago2.04 bp11.0 bp −$11doesn't fitdoesn't fitdoesn't fit

SMH on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit SMHUSDT0.0000%8h$252K$3.2M25xas long as short
OKX SMH-USDT-SWAP0.0000%8h$391K$133K20xas long as short
QFEX SMH-USDlong0.0000%1h$1.1M$3.9M10x
Gate SMH_USDT0.0000%8h$185K$20K20xas long as short
Bitget SMHUSDT0.0000%8h$686K$119K20xas long as short
Vest SMH-USD-PERP+0.0046%1h25xas long as short
HTX SMH-USDT+0.0100%8h$7K$43K10xas long as short
tradeXYZ xyz:SMHshort+0.0172%1h$3.4M$1.3M20x
Binance SMHUSDT+0.0248%8h$740K$588K20xas long as short
MEXC SMH_USDT+0.0251%8h$557K$116K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin SMH-USDT+0.0260%8h$38K$27K20xas long as short