Funding you earn now, next payment 08:00 UTC−0.0548%/8h= −60.1% APRpaid last 24h −0.097%
Price spread now: Binance against tradeXYZ+0.019%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$700.699% of the position
Funding, last 7 days−0.404%−$40 on $10k
+Price spread, last 2 days (all we have)+0.139%+$14 · spread now +0.019%, 7d avg +0.074%
=Together, before fees−0.265%+ Points / potential airdroptradeXYZ: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Binance is 0.056% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SMH | 592.70 | 0.0548 | pay 0.0069% / 1h | 30m 44s | $3.2M | $2.0M | 20x |
| Short | Binance SMHUSDT | 592.81 | 0 | get 0.0000% / 8h | 30m 44s | $725K | $798K | 20x |
tradeXYZ xyz:SMH
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- −$115.18
- Price spread: +0.019% → +0.074%
- −$5.56
- Slippage, 4 orders
- −$41.86
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$190.6
- Costs to cover
- 0.699%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Binance: live order book, 47 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 tradeXYZ live order book, 7 min ago | 3.37 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 47 min ago | 4.30 bp | 18.5 bp −$19 | 69.1 bp −$691 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDTshort | 0.0000% | 8h | 592.81 | +0.019% | $725K | $798K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 592.25 | −0.076% | $299K | $407K | 25x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.99 | −0.120% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.40 | −0.051% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.97 | +0.046% | $561K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.81 | +0.019% | $684K | $49K | 20x | as long as short |
| BloFin SMH-USDT | +0.0023% | 8h | 593.29 | +0.100% | $47K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.91 | −0.133% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAP | +0.0055% | 8h | 593.05 | +0.059% | $500K | $355K | 20x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 592.89 | +0.032% | $7K | $47K | 10x | as long as short |
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin SMH-USDT
Vest SMH-USD-PERP
OKX SMH-USDT-SWAP
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMHlong | +0.0548% | 1h | 592.70 | long leg | $3.2M | $2.0M | 20x |