Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against QFEX+0.121%7-day average +0.058% · 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−$133as in the Price arb table
costs, in and out, $10k−$1391.394% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 7 days+0.035%+$4 · spread now +0.121%, 7d avg +0.058%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.062% dearer against QFEX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SMH-USD | 597.41 | 0 | get 0.0000% / 1h | 43m 03s | $1.1M | $6.4M | 10x |
| Short | Bybit SMHUSDT | 598.13 | 0 | get 0.0000% / 8h | 3h 43m | $265K | $2.4M | 25x |
QFEX SMH-USD
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- Price spread: +0.121% → +0.058%
- $6.23
- Slippage, 4 orders
- −$118.43
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$133.2
- Costs to cover
- 1.394%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 11 min ago; Bybit: live order book, 4 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, 11 min ago | 2.09 bp | 10.5 bp −$11 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.60 bp | 66.5 bp −$66 | 165.6 bp −$1,656 | 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 SMHUSDT | 0.0000% | 8h | 598.51 | +0.184% | $751K | $766K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 598.13 | +0.121% | $265K | $2.4M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 598.59 | +0.198% | $505K | $348K | 20x | as long as short |
| QFEX SMH-USDlong | 0.0000% | 1h | 597.41 | long leg | $1.1M | $6.4M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 598.10 | +0.115% | $190K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 598.32 | +0.152% | $566K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 598.40 | +0.166% | $689K | $109K | 20x | as long as short |
| BloFin SMH-USDT | +0.0005% | 8h | 598.57 | +0.194% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 597.46 | +0.008% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.34 | +0.490% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
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 | +0.0339% | 1h | 597.91 | +0.084% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH