Funding you earn now, next payment 00:00 UTC−0.0400%/8h= −43.8% APRnext payment −$4.00 per $10,000 · paid last 24h +0.061%
Price spread now: Bybit against GRVT−0.097%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2372.369% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.097%, 7d avg +0.011%
=Together, before fees−0.003%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.108% cheaper against GRVT than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT SMCI_USDT_Perp | 41.420 | 0.0400 | pay 0.0400% / 8h | 26m 55s | $744 | $157K | 10x |
| Short | Bybit SMCIUSDT | 41.380 | 0 | get 0.0000% / 8h | 26m 55s | $1.0M | $670K | 25x |
GRVT SMCI_USDT_Perp
Bybit SMCIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$84
- Price spread: −0.097% → +0.011%
- −$10.8
- Slippage, 4 orders
- −$216.9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$331.7
- Costs to cover
- 2.369%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 50 min ago; Bybit: 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 GRVT live order book, 50 min ago | 4.83 bp | 28.5 bp −$28 | 132.7 bp −$1,327 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.62 bp | 94.1 bp −$94 | 228.3 bp −$2,283 | 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 | 41.010 | −0.990% | $4K | $97 | 12x | as long as short |
| Bybit SMCIUSDTshort | 0.0000% | 8h | 41.380 | −0.097% | $1.0M | $670K | 25x | |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.420 | 0.000% | $688K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.380 | −0.097% | $1.6M | $1.8M | 20x | as long as short |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.395 | −0.060% | $1.3M | $532K | 20x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.400 | −0.048% | $1.6M | $262K | 10x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 41.408 | −0.029% | $32K | $5K | 10x | as long as short |
| QFEX SMCI-USD | +0.0041% | 1h | 41.410 | −0.024% | $1.1M | $2.3M | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 41.390 | −0.072% | $127 | $3K | 10x | as long as short |
| Paragon para:SMCI | +0.0060% | 1h | 41.380 | −0.097% | $159K | $265K | 10x | as long as short |
Injective SMCI/USDC PERP
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Bitget SMCIUSDT
Phemex SMCIUSDT
Lighter RH SMCI
QFEX SMCI-USD
SoDEX SMCI-USD
Paragon para:SMCIShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.380 | −0.097% | $460K | $538K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.420 | 0.000% | $8K | $284K | 10x | as long as short |
| Variational Omni SMCI | +0.0110% | 8h | 41.420 | +0.001% | $96K | $109K | — | as long as short |
| Extended SMCI-USD | +0.0248% | 1h | 41.400 | −0.048% | $578 | $10K | 10x | as long as short |
| Binance SMCIUSDT | +0.0251% | 8h | 41.409 | −0.025% | $3.4M | $5.5M | 20x | as long as short |
| BloFin SMCI-USDT | +0.0270% | 8h | 41.390 | −0.072% | $79K | $9K | 20x | as long as short |
| GRVT SMCI_USDT_Perplong | +0.0400% | 8h | 41.420 | long leg | $744 | $157K | 10x |
KuCoin SMCIUSDTM
HTX SMCI-USDT
Variational Omni SMCI
Extended SMCI-USD
Binance SMCIUSDT
BloFin SMCI-USDT