SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0087%/8h= +9.6% APRnext payment +$0.87 per $10,000 · paid last 24h −0.071%

Price spread now: Binance against Bybit+0.092%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1291.286% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 2 days (all we have)−0.186%−$19 · spread now +0.092%, 7d avg +0.064%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.350	0	get 0.0000% / 8h	1h 13m	$1.0M	$656K	25x
Short	Binance SMCIUSDT	41.388	0.0087	get 0.0087% / 8h	1h 13m	$3.4M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.092%Rate

Funding earned: $18.35
Price spread: +0.092% → +0.064%: $2.77
Slippage, 4 orders: −$107.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.45
Costs to cover: 1.286%
Break-even: 48.0 days

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 10 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 Bybit live order book, 2 min ago	4.84 bp	76.3 bp −$76	267.3 bp −$2,673	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.21 bp	12.7 bp −$13	52.0 bp −$520	320.1 bp −$32.0K	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	40.950	−0.967%	$4K	$98	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.350	long leg	$1.0M	$656K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.390	+0.097%	$688K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.340	−0.024%	$1.6M	$1.9M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.351	+0.002%	$1.3M	$535K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.395	+0.108%	$67K	$81K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.370	+0.048%	$1.6M	$267K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.372	+0.053%	$32K	$7K	10x	as long as short
QFEX SMCI-USD	+0.0049%	1h	41.390	+0.097%	$1.1M	$2.3M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.330	−0.049%	$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
BloFin SMCI-USDT	+0.0080%	8h	41.390	+0.097%	$79K	$9K	20x	as long as short
Binance SMCIUSDTshort	+0.0087%	8h	41.388	+0.092%	$3.4M	$5.5M	20x
Extended SMCI-USD	+0.0088%	1h	41.380	+0.073%	$578	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.310	−0.097%	$460K	$546K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.370	+0.048%	$8K	$285K	10x	as long as short
SoDEX SMCI-USD	+0.0166%	1h	41.360	+0.024%	$131	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0211%	8h	41.401	+0.122%	$354	$158K	10x	as long as short