Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.049%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1781.776% of the position

Long on Gate Short on Bybit

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−0.024%−$2 · spread now −0.049%, 7d avg −0.007%

Together, before fees−0.050%−$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: Bybit is 0.041% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	41.000	0	get 0.0000% / 8h	2h 35m	$1.5M	$1.6M	20x
Short	Bybit SMCIUSDT	40.980	0	get 0.0000% / 8h	2h 35m	$997K	$307K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.007%: −$4.14
Slippage, 4 orders: −$151.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$181.75
Costs to cover: 1.776%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 5 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 Gate live order book, 2 min ago	18.27 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.88 bp	75.9 bp −$76	197.8 bp −$1,978	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	40.730	−0.659%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0041%	8h	41.001	+0.002%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	40.980	−0.049%	$997K	$307K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.020	+0.049%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	41.000	long leg	$1.5M	$1.6M	20x
Variational Omni SMCI	0.0000%	8h	41.019	+0.045%	$116K	$130K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.010	+0.024%	$1.6M	$259K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.007	+0.017%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.010	+0.024%	$153	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0056%	8h	41.030	+0.073%	$80K	$9K	20x	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	41.020	+0.049%	$1.1M	$1.8M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.991	−0.022%	$157K	$267K	10x	as long as short
Binance SMCIUSDT	+0.0069%	8h	41.018	+0.044%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0072%	1h	41.007	+0.017%	$576	$10K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0079%	8h	41.040	+0.098%	$465	$166K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.990	−0.024%	$457K	$465K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.990	−0.024%	$8K	$285K	10x	as long as short