Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.103%

Price spread now: Bitget against Bybit+0.017%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1181.181% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.017%, 7d avg +0.051%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.034% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.400	0	get 0.0000% / 8h	43m 07s	$1.0M	$655K	25x
Short	Bitget SMCIUSDT	41.407	0	get 0.0000% / 8h	43m 07s	$1.3M	$534K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.051%: −$3.39
Slippage, 4 orders: −$95.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.47
Costs to cover: 1.181%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 3 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	3.63 bp	34.7 bp −$35	180.2 bp −$1,802	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	10.38 bp	38.1 bp −$38	45.9 bp −$459	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	41.000	−0.966%	$4K	$96	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.400	long leg	$1.0M	$655K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.430	+0.072%	$689K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.410	+0.024%	$1.6M	$1.8M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.407	+0.017%	$1.3M	$534K	20x
Phemex SMCIUSDT	0.0000%	8h	41.440	+0.097%	$1.6M	$266K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.418	+0.043%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.450	+0.121%	$1.1M	$2.3M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.380	−0.048%	$159K	$265K	10x	as long as short
Variational Omni SMCI	+0.0097%	8h	41.430	+0.072%	$96K	$110K	—	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	41.390	−0.024%	$461K	$541K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.490	+0.217%	$8K	$284K	10x	as long as short
SoDEX SMCI-USD	+0.0110%	1h	41.420	+0.048%	$124	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0236%	8h	41.410	+0.024%	$78K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0253%	8h	41.437	+0.089%	$3.4M	$5.5M	20x	as long as short
Extended SMCI-USD	+0.0256%	1h	41.432	+0.078%	$578	$10K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0401%	8h	41.420	+0.048%	$177	$158K	10x	as long as short