SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0149%/8h= +16.3% APRnext payment +$1.49 per $10,000 · paid last 24h +0.010%

Price spread now: GRVT against Binance+0.025%89s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1191.193% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 2 days (all we have)−0.005%−$1 · spread now +0.025%, 7d avg +0.002%

Together, before fees+0.004%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.024% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.399	0.0240	pay 0.0240% / 8h	22m 05s	$3.4M	$5.5M	20x
Short	GRVT SMCI_USDT_Perp	41.410	0.0389	get 0.0389% / 8h	22m 05s	$739	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.025%Rate

Funding earned: $31.21
Price spread: +0.025% → +0.002%: $2.36
Slippage, 4 orders: −$100.29
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$85.73
Costs to cover: 1.193%
Break-even: 26.2 days

Slippage from Binance: live order book, 1 min ago; GRVT: live order book, 55 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, 1 min ago	1.21 bp	15.6 bp −$16	50.9 bp −$509	doesn't fit	doesn't fit
Sell GRVT live order book, 55 min ago	4.83 bp	64.1 bp −$64	157.5 bp −$1,575	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	41.010	−0.941%	$4K	$97	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.390	−0.023%	$1.0M	$670K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.420	+0.050%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.380	−0.047%	$1.6M	$1.8M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.388	−0.028%	$1.3M	$532K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.400	+0.001%	$1.6M	$261K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.392	−0.018%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.390	−0.023%	$1.1M	$2.3M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.390	−0.023%	$124	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.380	−0.047%	$159K	$265K	10x	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	41.370	−0.071%	$460K	$538K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.410	+0.025%	$8K	$284K	10x	as long as short
Variational Omni SMCI	+0.0105%	8h	41.400	+0.002%	$96K	$109K	—	as long as short
Extended SMCI-USD	+0.0240%	1h	41.393	−0.015%	$578	$10K	10x	as long as short
Binance SMCIUSDTlong	+0.0240%	8h	41.399	long leg	$3.4M	$5.5M	20x
BloFin SMCI-USDT	+0.0244%	8h	41.390	−0.023%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perpshort	+0.0389%	8h	41.410	+0.025%	$739	$157K	10x