SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0117%/8h= −12.8% APRnext payment −$1.17 per $10,000 · paid last 24h −0.074%

Price spread now: Bitget against GRVT−0.057%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$2882.875% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.057%, 7d avg +0.004%

Together, before fees+0.022%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.061% cheaper against GRVT than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SMCI_USDT_Perp	40.675	0	get 0.0000% / 8h	7h 46m	$305	$168K	10x
Short	Bitget SMCIUSDT	40.652	−0.0117	pay 0.0117% / 8h	7h 46m	$1.3M	$487K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$24.57
Price spread: −0.057% → +0.004%: −$6.09
Slippage, 4 orders: −$266.52
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$318.18
Costs to cover: 2.875%
Break-even: never at this rate

Slippage from GRVT: live order book, 46 min ago; Bitget: live order book, 4 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 GRVT live order book, 46 min ago	3.66 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	12.90 bp	214.3 bp −$214	310.8 bp −$3,108	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	40.460	−0.529%	$4K	$86	12x	as long as short
Bitget SMCIUSDTshort	−0.0117%	8h	40.652	−0.057%	$1.3M	$487K	20x
Extended SMCI-USD	0.0000%	1h	40.679	+0.010%	$571	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.680	+0.012%	$3.4M	$5.2M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.650	−0.062%	$991K	$291K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.670	−0.013%	$670K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.650	−0.062%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.713	+0.093%	$135K	$145K	—	as long as short
GRVT SMCI_USDT_Perplong	0.0000%	8h	40.675	long leg	$305	$168K	10x
Phemex SMCIUSDT	0.0000%	8h	40.680	+0.012%	$1.6M	$255K	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	+0.0024%	8h	40.730	+0.135%	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.649	−0.065%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.670	−0.013%	$135	$3K	10x	as long as short
QFEX SMCI-USD	+0.0054%	1h	40.670	−0.013%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.640	−0.087%	$457K	$531K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.720	+0.110%	$8K	$287K	10x	as long as short
Paragon para:SMCI	+0.0891%	1h	40.644	−0.076%	$156K	$241K	10x	as long as short