SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0158%/8h= +17.3% APRnext payment +$1.58 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.090%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2212.206% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.044%−$4 · spread now −0.090%, 7d avg −0.053%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.038% cheaper against Bitget than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.053%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SMCIUSDT	40.987	−0.0158	get 0.0158% / 8h	1h 07m	$1.3M	$502K	20x
Short	Bybit SMCIUSDT	40.950	0	get 0.0000% / 8h	1h 07m	$997K	$293K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.090%Rate

Funding earned: $33.18
Price spread: −0.090% → −0.053%: −$3.77
Slippage, 4 orders: −$197.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$191.14
Costs to cover: 2.206%
Break-even: 47.3 days

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 43 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 Bitget live order book, 4 min ago	3.66 bp	17.1 bp −$17	32.2 bp −$322	doesn't fit	doesn't fit
Sell Bybit live order book, 43 min ago	4.87 bp	92.7 bp −$93	218.9 bp −$2,189	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	40.590	−0.969%	$4K	$92	12x	as long as short
Bitget SMCIUSDTlong	−0.0158%	8h	40.987	long leg	$1.3M	$502K	20x
Extended SMCI-USD	0.0000%	1h	40.961	−0.062%	$573	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.981	−0.016%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	40.950	−0.090%	$997K	$293K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.000	+0.032%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.970	−0.041%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.012	+0.062%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.990	+0.007%	$1.6M	$260K	10x	as long as short
BloFin SMCI-USDT	+0.0007%	8h	41.010	+0.056%	$79K	$9K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.944	−0.105%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.980	−0.017%	$129	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0058%	8h	41.014	+0.065%	$266	$169K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.960	−0.067%	$157K	$266K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.980	−0.017%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.950	−0.090%	$460K	$495K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.000	+0.032%	$8K	$286K	10x	as long as short