Funding you earn now, next payment 16:00 UTC−0.1620%/8h= −177.4% APRnext payment −$16.20 per $10,000 · paid last 24h −0.030%
Price spread now: KuCoin against GRVT−0.194%83s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$836as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$8398.393% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.194%, 7d avg −0.074%
=Together, before fees+0.307%+ Points / potential airdropGRVT: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and KuCoin is 0.120% cheaper against GRVT than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.074%). Swap the legs. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.20 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT SMCI_USDT_Perp | 41.280 | 0.1720 | pay 0.1720% / 8h | 5h 46m | $522 | $164K | 10x |
| Short | KuCoin SMCIUSDTM | 41.200 | 0.0100 | get 0.0100% / 8h | 5h 46m | $462K | $626K | 20x |
GRVT SMCI_USDT_Perp
KuCoin SMCIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$340.2
- Price spread: −0.194% → −0.074%
- −$11.96
- Slippage, 4 orders
- −$818.27
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,191.44
- Costs to cover
- 8.393%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 63 min ago; KuCoin: live order book, 59 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, 63 min ago | 4.89 bp | 40.7 bp −$41 | 74.0 bp −$740 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 59 min ago | 11.00 bp | 400.7 bp −$401 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SMCI/USDC PERP | −0.0220% | 1h | 40.650 | −1.526% | $4K | $80 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.180 | −0.242% | $1.0M | $297K | 25x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.170 | −0.266% | $1.5M | $1.4M | 20x | as long as short |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.171 | −0.264% | $1.3M | $473K | 20x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.190 | −0.218% | $1.6M | $264K | 10x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 41.190 | −0.218% | $40K | $14K | 10x | as long as short |
| OKX SMCI-USDT-SWAP | +0.0038% | 8h | 41.190 | −0.218% | $676K | $1.1M | 20x | as long as short |
| Paragon para:SMCI | +0.0060% | 1h | 41.190 | −0.218% | $158K | $240K | 10x | as long as short |
| QFEX SMCI-USD | +0.0080% | 1h | 41.220 | −0.145% | $1.1M | $1.8M | 10x | as long as short |
| KuCoin SMCIUSDTMshort | +0.0100% | 8h | 41.200 | −0.194% | $462K | $626K | 20x |
Injective SMCI/USDC PERP
Bybit SMCIUSDT
Gate SMCI_USDT
Bitget SMCIUSDT
Phemex SMCIUSDT
Lighter RH SMCI
OKX SMCI-USDT-SWAP
Paragon para:SMCI
QFEX SMCI-USDShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SMCI-USDT | +0.0100% | 8h | 41.160 | −0.291% | $8K | $292K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0278% | 1h | 41.180 | −0.242% | $131 | $3K | 10x | as long as short |
| Variational Omni SMCI | +0.0446% | 8h | 41.289 | +0.023% | $151K | $160K | — | as long as short |
| BloFin SMCI-USDT | +0.0577% | 8h | 41.240 | −0.097% | $80K | $9K | 20x | as long as short |
| Binance SMCIUSDT | +0.0597% | 8h | 41.170 | −0.266% | $3.4M | $5.3M | 20x | as long as short |
| Extended SMCI-USD | +0.0600% | 1h | 41.156 | −0.299% | $577 | — | 10x | as long as short |
| GRVT SMCI_USDT_Perplong | +0.1720% | 8h | 41.280 | long leg | $522 | $164K | 10x |
HTX SMCI-USDT
SoDEX SMCI-USD
Variational Omni SMCI
BloFin SMCI-USDT
Binance SMCIUSDT
Extended SMCI-USD