Funding you earn now, next payment 09:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.095%
Price spread now: tradeXYZ against Binance−0.073%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days+0.419%+$42 on $10k
+Price spread, last 2 days (all we have)−0.131%−$13 · spread now −0.073%, 7d avg −0.073%
=Together, before fees+0.288%+ Points / potential airdroptradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 590.13 | 0 | get 0.0000% / 8h | 7h 34m | $716K | $799K | 20x |
| Short | tradeXYZ xyz:SMH | 589.70 | 0.0109 | get 0.0014% / 1h | 34m 03s | $3.2M | $2.0M | 20x |
Binance SMHUSDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Binance. 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
- $22.85
- Price spread: −0.073% → −0.073%
- $0.06
- Slippage, 4 orders
- −$42.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$47.1
- Costs to cover
- 0.700%
- Break-even
- 21.4 days
Slippage from Binance: live order book, 28 min ago; tradeXYZ: live order book, 3 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 Binance live order book, 28 min ago | 6.24 bp | 15.0 bp −$15 | 64.5 bp −$645 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 4.24 bp | 14.2 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDTlong | 0.0000% | 8h | 590.13 | long leg | $716K | $799K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 589.57 | −0.095% | $298K | $369K | 25x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 589.20 | −0.158% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 589.20 | −0.158% | $185K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 589.86 | −0.046% | $558K | $120K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 589.88 | −0.042% | $676K | $49K | 20x | as long as short |
| OKX SMH-USDT-SWAP | +0.0014% | 8h | 590.16 | +0.005% | $497K | $288K | 20x | as long as short |
| BloFin SMH-USDT | +0.0026% | 8h | 590.07 | −0.010% | $47K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 589.37 | −0.129% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 590.55 | +0.071% | $7K | $47K | 10x | as long as short |
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
OKX SMH-USDT-SWAP
BloFin SMH-USDT
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:SMHshort | +0.0109% | 1h | 589.70 | −0.073% | $3.2M | $2.0M | 20x |