SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.60 per $10,000 · paid last 24h +0.051%

Price spread now: GRVT against Bitget+0.163%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1491.491% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.163%, 7d avg −0.007%

Together, before fees−0.145%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.170% dearer against Bitget than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SMCIUSDT	41.393	0	get 0.0000% / 8h	3h 51m	$1.3M	$495K	20x
Short	GRVT SMCI_USDT_Perp	41.460	0.0060	get 0.0060% / 8h	3h 51m	$592	$162K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.163%Rate

Funding earned: $12.6
Price spread: +0.163% → −0.007%: $16.99
Slippage, 4 orders: −$128.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$119.47
Costs to cover: 1.491%
Break-even: 73.4 days

Slippage from Bitget: live order book, 5 min ago; GRVT: live order book, 61 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, 5 min ago	4.95 bp	30.7 bp −$31	47.3 bp −$473	doesn't fit	doesn't fit
Sell GRVT live order book, 61 min ago	4.81 bp	48.6 bp −$49	91.8 bp −$918	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	41.120	−0.660%	$4K	$90	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.380	−0.031%	$1.0M	$647K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.390	−0.007%	$687K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.400	+0.017%	$1.5M	$1.5M	20x	as long as short
Bitget SMCIUSDTlong	0.0000%	8h	41.393	long leg	$1.3M	$495K	20x
Phemex SMCIUSDT	0.0000%	8h	41.440	+0.114%	$1.6M	$250K	10x	as long as short
Variational Omni SMCI	+0.0002%	8h	41.463	+0.168%	$97K	$110K	—	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.400	+0.017%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.376	−0.041%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.420	+0.065%	$150	$3K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SMCI_USDT_Perpshort	+0.0060%	8h	41.460	+0.163%	$592	$162K	10x
KuCoin SMCIUSDTM	+0.0100%	8h	41.380	−0.031%	$462K	$481K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.390	−0.007%	$8K	$286K	10x	as long as short
Extended SMCI-USD	+0.0112%	1h	41.368	−0.060%	$579	$10K	10x	as long as short
Binance SMCIUSDT	+0.0115%	8h	41.380	−0.031%	$3.4M	$5.2M	20x	as long as short
BloFin SMCI-USDT	+0.0118%	8h	41.450	+0.138%	$79K	$9K	20x	as long as short
Paragon para:SMCI	+0.0385%	1h	41.412	+0.046%	$159K	$265K	10x	as long as short