SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0102%/8h= +11.2% APRnext payment +$1.02 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.024%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$248as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2512.509% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.095%+$9 · spread now +0.024%, 7d avg +0.051%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.051%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.026% in total) that is about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.050	0	get 0.0000% / 8h	4h 46m	$998K	$294K	25x
Short	OKX SMCI-USDT-SWAP	41.060	0.0102	get 0.0102% / 8h	4h 46m	$666K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $21.4
Price spread: +0.024% → +0.051%: −$2.65
Slippage, 4 orders: −$229.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$232.18
Costs to cover: 2.509%
Break-even: 82.9 days

Slippage from Bybit: live order book, 7 min ago; OKX: 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, 7 min ago	4.87 bp	73.8 bp −$74	212.6 bp −$2,126	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	6.09 bp	66.9 bp −$67	doesn't fit	doesn't fit	doesn't fit

SMCI on 17 exchanges

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
Bybit SMCIUSDTlong	0.0000%	8h	41.050	long leg	$998K	$294K	25x
Gate SMCI_USDT	0.0000%	8h	41.040	−0.024%	$1.5M	$1.3M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.050	0.000%	$1.3M	$437K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.080	+0.073%	$1.6M	$261K	10x	as long as short
QFEX SMCI-USD	+0.0018%	1h	41.080	+0.073%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.037	−0.032%	$40K	$14K	10x	as long as short
Injective SMCI/USDC PERP	+0.0033%	1h	40.650	−0.974%	$4K	$76	12x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.060	+0.024%	$134	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.039	−0.026%	$158K	$241K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.030	−0.049%	$460K	$678K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDT	+0.0100%	8h	41.080	+0.073%	$8K	$295K	10x	as long as short
OKX SMCI-USDT-SWAPshort	+0.0102%	8h	41.060	+0.024%	$666K	$1.1M	20x
Variational Omni SMCI	+0.0573%	8h	41.124	+0.181%	$151K	$159K	—	as long as short
Binance SMCIUSDT	+0.0645%	8h	41.052	+0.006%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0648%	1h	41.036	−0.034%	$574	—	10x	as long as short
BloFin SMCI-USDT	+0.0678%	8h	41.120	+0.171%	$80K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.1118%	8h	41.060	+0.024%	$310	$166K	10x	as long as short