SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.051%

Price spread now: OKX against GRVT−0.073%61s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as 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−$1141.136% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)+0.407%+$41 · spread now −0.073%, 7d avg −0.029%

Together, before fees+0.332%+ Points / potential airdropGRVT: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.045% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SMCI_USDT_Perp	40.920	0.0060	pay 0.0060% / 8h	50m 31s	$540	$169K	10x
Short	OKX SMCI-USDT-SWAP	40.890	0	get 0.0000% / 8h	50m 31s	$677K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$12.6
Price spread: −0.073% → −0.029%: −$4.46
Slippage, 4 orders: −$94.57
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$130.64
Costs to cover: 1.136%
Break-even: never at this rate

Slippage from GRVT: live order book, 47 min ago; OKX: live order book, 1 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, 47 min ago	4.88 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.67 bp	21.7 bp −$22	doesn't fit	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	40.570	−0.855%	$4K	$88	12x	as long as short
Bitget SMCIUSDT	−0.0170%	8h	40.891	−0.071%	$1.3M	$506K	20x	as long as short
BloFin SMCI-USDT	−0.0024%	8h	40.950	+0.073%	$80K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.899	−0.051%	$573	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.916	−0.010%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.900	−0.049%	$996K	$293K	25x	as long as short
OKX SMCI-USDT-SWAPshort	0.0000%	8h	40.890	−0.073%	$677K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	40.890	−0.073%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.902	−0.044%	$116K	$125K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.910	−0.024%	$1.6M	$259K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.885	−0.086%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.890	−0.073%	$130	$3K	10x	as long as short
GRVT SMCI_USDT_Perplong	+0.0060%	8h	40.920	long leg	$540	$169K	10x
QFEX SMCI-USD	+0.0067%	1h	40.910	−0.024%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.870	−0.122%	$459K	$504K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.910	−0.024%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0374%	1h	40.885	−0.085%	$157K	$266K	10x	as long as short