SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0154%/8h= −16.8% APRnext payment −$1.54 per $10,000 · paid last 24h −0.027%

Price spread now: Bybit against BloFin−0.048%82s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.048% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 82 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	BloFin SMCI-USDT	41.560	0.0154	pay 0.0154% / 8h	4h 17m	$80K	$9K	20x
Short	Bybit SMCIUSDT	41.540	0	get 0.0000% / 8h	4h 17m	$1.0M	$647K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$32.27
Price spread: −0.048% → 0.000%: −$4.81
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$60.08
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	3.61 bp	82.6 bp −$83	217.6 bp −$2,176	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	41.190	−0.890%	$4K	$93	12x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	41.540	−0.048%	$1.0M	$647K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.590	+0.072%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.540	−0.048%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.544	−0.038%	$1.3M	$503K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.560	0.000%	$1.6M	$250K	10x	as long as short
QFEX SMCI-USD	+0.0021%	1h	41.540	−0.048%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.551	−0.022%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0044%	8h	41.597	+0.090%	$98K	$110K	—	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.550	−0.024%	$149	$3K	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	41.540	−0.048%	$463K	$481K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.590	+0.072%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0139%	8h	41.591	+0.075%	$515	$159K	10x	as long as short
BloFin SMCI-USDTlong	+0.0154%	8h	41.560	long leg	$80K	$9K	20x
Extended SMCI-USD	+0.0160%	1h	41.539	−0.051%	$582	$10K	10x	as long as short
Binance SMCIUSDT	+0.0163%	8h	41.550	−0.024%	$3.4M	$5.2M	20x	as long as short
Paragon para:SMCI	+0.1210%	1h	41.520	−0.097%	$159K	$265K	10x	as long as short