Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.071%

Price spread now: Bybit against Binance−0.148%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2222.222% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 2 days (all we have)+0.238%+$24 · spread now −0.148%, 7d avg −0.063%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.085% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.181	0	get 0.0000% / 8h	2h 11m	$3.4M	$5.6M	20x
Short	Bybit SMCIUSDT	41.120	0	get 0.0000% / 8h	2h 11m	$1.0M	$656K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → −0.063%: −$8.49
Slippage, 4 orders: −$201.2
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$230.69
Costs to cover: 2.222%
Break-even: never at this rate

Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago	2.43 bp	17.8 bp −$18	63.4 bp −$634	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	10.94 bp	90.2 bp −$90	221.0 bp −$2,210	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	40.760	−1.022%	$4K	$100	12x	as long as short
Extended SMCI-USD	0.0000%	1h	41.176	−0.012%	$575	$10K	10x	as long as short
Binance SMCIUSDTlong	0.0000%	8h	41.181	long leg	$3.4M	$5.6M	20x
Bybit SMCIUSDTshort	0.0000%	8h	41.120	−0.148%	$1.0M	$656K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.200	+0.047%	$691K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.130	−0.123%	$1.6M	$1.9M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.121	−0.145%	$1.3M	$541K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.188	+0.018%	$67K	$64K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	41.170	−0.026%	$698	$158K	10x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.190	+0.022%	$1.6M	$270K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0012%	8h	41.210	+0.071%	$79K	$9K	20x	as long as short
QFEX SMCI-USD	+0.0028%	1h	41.170	−0.026%	$1.1M	$2.2M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.153	−0.067%	$32K	$7K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.140	−0.099%	$129	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.110	−0.172%	$158K	$265K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.110	−0.172%	$458K	$545K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.150	−0.075%	$8K	$286K	10x	as long as short