SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin+0.024%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$735as in the Funding arb table

Net, price: spread back to 7d avg − costs−$724as in the Price arb table

costs, in and out, $10k−$7217.212% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.024%, 7d avg +0.055%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.031% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SMCIUSDTM	40.960	0.0100	pay 0.0100% / 8h	1h 40m	$459K	$486K	20x
Short	Bybit SMCIUSDT	40.970	0	get 0.0000% / 8h	1h 40m	$997K	$293K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$21
Price spread: +0.024% → +0.055%: −$3.05
Slippage, 4 orders: −$698.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$745.22
Costs to cover: 7.212%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 10 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, 3 min ago	9.76 bp	368.8 bp −$369	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	4.87 bp	92.7 bp −$93	218.9 bp −$2,189	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	40.640	−0.781%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0132%	8h	41.014	+0.132%	$1.3M	$466K	20x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	40.970	+0.024%	$997K	$293K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	40.980	+0.049%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.980	+0.049%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.993	+0.080%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.980	+0.049%	$1.6M	$263K	10x	as long as short
Binance SMCIUSDT	+0.0031%	8h	40.990	+0.073%	$3.4M	$5.4M	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.992	+0.078%	$32K	$5K	10x	as long as short
Extended SMCI-USD	+0.0032%	1h	40.981	+0.051%	$576	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	40.980	+0.049%	$134	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0056%	8h	41.030	+0.171%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.0073%	1h	40.962	+0.004%	$157K	$266K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.980	+0.049%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0079%	8h	41.010	+0.122%	$584	$169K	10x	as long as short
KuCoin SMCIUSDTMlong	+0.0100%	8h	40.960	long leg	$459K	$486K	20x
HTX SMCI-USDT	+0.0100%	8h	41.000	+0.098%	$8K	$285K	10x	as long as short