Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: Binance against QFEX+0.167%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 2 days (all we have)−0.276%−$28 · spread now +0.167%, 7d avg +0.103%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.064% dearer against QFEX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SMH-USD | 591.23 | 0.0000 | pay 0.0000% / 1h | 38m 30s | $1.1M | $6.3M | 10x |
| Short | Binance SMHUSDT | 592.22 | 0 | get 0.0000% / 8h | 1h 38m | $720K | $840K | 20x |
QFEX SMH-USD
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- −$0.08
- Price spread: +0.167% → +0.103%
- $6.42
- Slippage, 4 orders
- −$46.87
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$60.54
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 54 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 QFEX live order book, 5 min ago | 2.03 bp | 20.0 bp −$20 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Binance live order book, 54 min ago | 3.71 bp | 15.9 bp −$16 | 63.2 bp −$632 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SMHUSDT | −0.0036% | 8h | 591.70 | +0.079% | $683K | $81K | 20x | as long as short |
| Binance SMHUSDTshort | 0.0000% | 8h | 592.22 | +0.167% | $720K | $840K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 591.53 | +0.051% | $300K | $480K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 592.50 | +0.215% | $502K | $352K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.50 | +0.215% | $188K | $28K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.44 | +0.205% | $561K | $129K | 20x | as long as short |
| QFEX SMH-USDlong | 0.0000% | 1h | 591.23 | long leg | $1.1M | $6.3M | 10x | |
| BloFin SMH-USDT | +0.0007% | 8h | 592.63 | +0.237% | $47K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.28 | +0.008% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 594.09 | +0.484% | $7K | $46K | 10x | as long as short |
Bitget SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
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:SMH | +0.0410% | 1h | 591.97 | +0.125% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH