SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0117%/8h= −12.8% APRnext payment −$1.17 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against Binance−0.144%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$447as in the Funding arb table

Net, price: spread back to 7d avg − costs−$460as in the Price arb table

costs, in and out, $10k−$4534.530% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 2 days (all we have)+0.099%+$10 · spread now −0.144%, 7d avg −0.075%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.070% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.075%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.570	0.0217	pay 0.0217% / 8h	6h 15m	$3.4M	$5.2M	20x
Short	KuCoin SMCIUSDTM	41.510	0.0100	get 0.0100% / 8h	6h 15m	$462K	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$24.6
Price spread: −0.144% → −0.075%: −$6.96
Slippage, 4 orders: −$431.01
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$484.58
Costs to cover: 4.530%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 22 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, 7 min ago	2.40 bp	12.1 bp −$12	45.8 bp −$458	doesn't fit	doesn't fit
Sell KuCoin live order book, 22 min ago	20.51 bp	205.4 bp −$205	doesn't fit	doesn't fit	doesn't fit

SMCI on 16 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	41.040	−1.275%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.540	−0.072%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.600	+0.072%	$691K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.540	−0.072%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.548	−0.053%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.580	+0.024%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.539	−0.075%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.530	−0.096%	$1.1M	$2.2M	10x	as long as short
Variational Omni SMCI	+0.0064%	8h	41.562	−0.018%	$98K	$110K	—	as long as short
SoDEX SMCI-USD	+0.0069%	1h	41.550	−0.048%	$145	$3K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTMshort	+0.0100%	8h	41.510	−0.144%	$462K	$502K	20x
HTX SMCI-USDT	+0.0100%	8h	41.570	0.000%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0197%	8h	41.565	−0.011%	$137	$155K	10x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.549	−0.050%	$583	$10K	10x	as long as short
Binance SMCIUSDTlong	+0.0217%	8h	41.570	long leg	$3.4M	$5.2M	20x
Paragon para:SMCI	+0.1272%	1h	41.500	−0.168%	$159K	$265K	10x	as long as short