SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.75 per $10,000 · paid last 24h +0.051%

Price spread now: GRVT against Bybit+0.144%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1651.651% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.144%, 7d avg 0.000%

Together, before fees−0.010%+ Points / potential airdropGRVT: Active · farm board−$1 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 0.144% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	40.930	0	get 0.0000% / 8h	2h 30m	$996K	$307K	25x
Short	GRVT SMCI_USDT_Perp	40.989	0.0075	get 0.0075% / 8h	2h 30m	$427	$166K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.144%Rate

Funding earned: $15.75
Price spread: +0.144% → 0.000%: $14.39
Slippage, 4 orders: −$145.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$134.94
Costs to cover: 1.651%
Break-even: 67.0 days

Slippage from Bybit: live order book, 9 min ago; GRVT: live order book, 12 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, 9 min ago	4.88 bp	20.5 bp −$20	198.6 bp −$1,986	doesn't fit	doesn't fit
Sell GRVT live order book, 12 min ago	7.30 bp	11.8 bp −$12	92.9 bp −$929	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	40.600	−0.806%	$4K	$91	12x	as long as short
Bitget SMCIUSDT	−0.0076%	8h	41.001	+0.173%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	40.930	long leg	$996K	$307K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	40.930	0.000%	$676K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.970	+0.098%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.989	+0.143%	$116K	$130K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.980	+0.122%	$1.6M	$259K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.946	+0.039%	$32K	$5K	10x	as long as short
BloFin SMCI-USDT	+0.0042%	8h	41.020	+0.220%	$80K	$9K	20x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.970	+0.098%	$152	$3K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SMCI-USD	+0.0056%	1h	40.990	+0.147%	$1.1M	$1.8M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.934	+0.011%	$157K	$267K	10x	as long as short
Binance SMCIUSDT	+0.0063%	8h	40.967	+0.092%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0064%	1h	40.957	+0.066%	$576	$10K	10x	as long as short
GRVT SMCI_USDT_Perpshort	+0.0075%	8h	40.989	+0.144%	$427	$166K	10x
KuCoin SMCIUSDTM	+0.0100%	8h	40.920	−0.024%	$457K	$465K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.950	+0.049%	$8K	$285K	10x	as long as short