Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%
Price spread now: Bybit against Vest−0.037%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.037% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SMH-USD-PERP | 594.47 | 0.0046 | pay 0.0006% / 1h | 4m 57s | — | — | 25x |
| Short | Bybit SMHUSDT | 594.25 | 0 | get 0.0000% / 8h | 3h 04m | $302K | $2.1M | 25x |
Vest SMH-USD-PERP
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Vest. 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
- −$9.59
- Price spread: −0.037% → 0.000%
- −$3.7
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.29
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 6.47 bp | 73.0 bp −$73 | 167.4 bp −$1,674 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0010% | 8h | 595.61 | +0.192% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 595.46 | +0.167% | $743K | $787K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 594.25 | −0.037% | $302K | $2.1M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.58 | +0.187% | $504K | $350K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 594.54 | +0.012% | $1.1M | $6.3M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 594.60 | +0.022% | $188K | $27K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 595.20 | +0.123% | $563K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 594.93 | +0.077% | $686K | $109K | 20x | as long as short |
| Vest SMH-USD-PERPlong | +0.0046% | 1h | 594.47 | long leg | — | — | 25x | |
| HTX SMH-USDT | +0.0100% | 8h | 597.04 | +0.432% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0446% | 1h | 595.11 | +0.108% | $3.3M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH