Funding you earn now, next payment 16:00 UTC−0.0206%/8h= −22.6% APRnext payment −$2.06 per $10,000 · paid last 24h −0.044%
Price spread now: Bitget against KuCoin+0.039%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$857as in the Funding arb table
Net, price: spread back to 7d avg − costs−$846as in the Price arb table
costs, in and out, $10k−$8448.439% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.039%, 7d avg +0.064%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.06 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 | KuCoin SMCIUSDTM | 40.630 | 0.0100 | pay 0.0100% / 8h | 7h 41m | $457K | $532K | 20x |
| Short | Bitget SMCIUSDT | 40.646 | −0.0106 | pay 0.0106% / 8h | 7h 41m | $1.3M | $487K | 20x |
KuCoin SMCIUSDTM
Bitget SMCIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$43.26
- Price spread: +0.039% → +0.064%
- −$2.47
- Slippage, 4 orders
- −$819.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$889.63
- Costs to cover
- 8.439%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 52 min ago; Bitget: 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 KuCoin live order book, 52 min ago | 12.23 bp | 297.0 bp −$297 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 6.64 bp | 194.6 bp −$195 | 280.1 bp −$2,801 | 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 | −0.418% | $4K | $86 | 12x | as long as short |
| Bitget SMCIUSDTshort | −0.0106% | 8h | 40.646 | +0.039% | $1.3M | $487K | 20x | |
| BloFin SMCI-USDT | −0.0012% | 8h | 40.640 | +0.025% | $79K | $9K | 20x | as long as short |
| Extended SMCI-USD | 0.0000% | 1h | 40.650 | +0.048% | $571 | — | 10x | as long as short |
| Binance SMCIUSDT | 0.0000% | 8h | 40.640 | +0.025% | $3.4M | $5.2M | 20x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 40.630 | 0.000% | $990K | $291K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 40.640 | +0.025% | $670K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 40.640 | +0.025% | $1.5M | $1.4M | 20x | as long as short |
| Variational Omni SMCI | 0.0000% | 8h | 40.668 | +0.094% | $135K | $145K | — | as long as short |
| GRVT SMCI_USDT_Perp | 0.0000% | 8h | 40.672 | +0.103% | $209 | $168K | 10x | as long as short |
Injective SMCI/USDC PERP
BloFin SMCI-USDT
Extended SMCI-USD
Binance SMCIUSDT
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Variational Omni SMCI
GRVT SMCI_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex SMCIUSDT | 0.0000% | 8h | 40.640 | +0.025% | $1.6M | $253K | 10x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 40.628 | −0.005% | $40K | $13K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 40.650 | +0.049% | $136 | $3K | 10x | as long as short |
| QFEX SMCI-USD | +0.0054% | 1h | 40.650 | +0.049% | $1.1M | $1.8M | 10x | as long as short |
| KuCoin SMCIUSDTMlong | +0.0100% | 8h | 40.630 | long leg | $457K | $532K | 20x | |
| HTX SMCI-USDT | +0.0100% | 8h | 40.620 | −0.025% | $8K | $288K | 10x | as long as short |
| Paragon para:SMCI | +0.0830% | 1h | 40.605 | −0.062% | $156K | $241K | 10x | as long as short |
Phemex SMCIUSDT
Lighter RH SMCI
SoDEX SMCI-USD
QFEX SMCI-USD
HTX SMCI-USDT
Paragon para:SMCI