Funding you earn now, next payment 03:00 UTC+0.0373%/8h= +40.8% APRpaid last 24h +0.108%
Price spread now: tradeXYZ against OKX−0.062%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$960.957% of the position
Funding, last 7 days+0.480%+$48 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.062%, 7d avg −0.028%
=Together, before fees+0.441%+ Points / potential airdroptradeXYZ: Active · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.034% cheaper against OKX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.028%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SMH-USDT-SWAP | 601.10 | 0 | get 0.0000% / 8h | 4h 59m | $506K | $347K | 20x |
| Short | tradeXYZ xyz:SMH | 600.73 | 0.0373 | get 0.0047% / 1h | 59m 47s | $3.3M | $1.9M | 20x |
OKX SMH-USDT-SWAP
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. 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
- $78.23
- Price spread: −0.062% → −0.028%
- −$3.39
- Slippage, 4 orders
- −$67.7
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$20.86
- Costs to cover
- 0.957%
- Break-even
- 8.9 days
Slippage from OKX: live order book, 61 min ago; tradeXYZ: live order book, 8 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 OKX live order book, 61 min ago | 2.08 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 3.08 bp | 12.1 bp −$12 | 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 | −0.0027% | 8h | 600.96 | −0.023% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 601.21 | +0.019% | $725K | $741K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.93 | −0.028% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPlong | 0.0000% | 8h | 601.10 | long leg | $506K | $347K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 600.38 | −0.120% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.50 | −0.100% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 601.06 | −0.007% | $569K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.72 | −0.063% | $692K | $110K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.45 | −0.108% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.39 | +0.048% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
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:SMHshort | +0.0373% | 1h | 600.73 | −0.062% | $3.3M | $1.9M | 20x |