SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.7% APRnext payment −$2.44 per $10,000 · paid last 24h −0.032%

Price spread now: Bitget against Binance−0.034%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1011.005% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 2 days (all we have)+0.121%+$12 · spread now −0.034%, 7d avg −0.017%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.670	0.0244	pay 0.0244% / 8h	7h 05m	$3.4M	$5.1M	20x
Short	Bitget SMCIUSDT	41.656	0	get 0.0000% / 8h	7h 05m	$1.3M	$506K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$51.16
Price spread: −0.034% → −0.017%: −$1.61
Slippage, 4 orders: −$78.55
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$153.32
Costs to cover: 1.005%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 1 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, 2 min ago	1.20 bp	16.1 bp −$16	46.7 bp −$467	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	9.24 bp	51.5 bp −$51	350.8 bp −$3,508	doesn't fit	doesn't fit

SMCI on 17 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
Injective SMCI/USDC PERP	−0.0220%	1h	41.240	−1.032%	$4K	$98	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.660	−0.024%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.680	+0.024%	$696K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.640	−0.072%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.656	−0.034%	$1.3M	$506K	20x
Phemex SMCIUSDT	0.0000%	8h	41.670	0.000%	$1.6M	$247K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.610	−0.144%	$1.1M	$2.2M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.665	−0.012%	$32K	$5K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.636	−0.080%	$160K	$265K	10x	as long as short
Variational Omni SMCI	+0.0100%	8h	41.682	+0.029%	$97K	$109K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.630	−0.096%	$463K	$520K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.680	+0.024%	$8K	$284K	10x	as long as short
SoDEX SMCI-USD	+0.0106%	1h	41.670	0.000%	$137	$3K	10x	as long as short
Extended SMCI-USD	+0.0240%	1h	41.659	−0.026%	$583	$10K	10x	as long as short
Binance SMCIUSDTlong	+0.0244%	8h	41.670	long leg	$3.4M	$5.1M	20x
BloFin SMCI-USDT	+0.0269%	8h	41.670	0.000%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0336%	8h	41.650	−0.048%	$879	$153K	10x	as long as short