SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: GRVT against KuCoin+0.175%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$531as in the Funding arb table

Net, price: spread back to 7d avg − costs−$517as in the Price arb table

costs, in and out, $10k−$5285.279% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.175%, 7d avg +0.071%

Together, before fees−0.337%+ Points / potential airdropGRVT: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.105% dearer against KuCoin than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of +0.071%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.033% in total) that is about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SMCIUSDTM	40.540	0.0100	pay 0.0100% / 8h	7h 17m	$456K	$549K	20x
Short	GRVT SMCI_USDT_Perp	40.611	0	get 0.0000% / 8h	7h 17m	$459	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$21
Price spread: +0.175% → +0.071%: $10.46
Slippage, 4 orders: −$506.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$538.44
Costs to cover: 5.279%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; GRVT: 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, 6 min ago	14.84 bp	273.5 bp −$273	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 10 min ago	3.72 bp	31.7 bp −$32	78.4 bp −$784	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	−0.197%	$4K	$86	12x	as long as short
Bitget SMCIUSDT	−0.0056%	8h	40.571	+0.076%	$1.2M	$510K	20x	as long as short
BloFin SMCI-USDT	−0.0007%	8h	40.600	+0.148%	$80K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.619	+0.196%	$569	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.640	+0.247%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.610	+0.173%	$989K	$299K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.620	+0.197%	$675K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.580	+0.099%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.644	+0.257%	$149K	$160K	—	as long as short
GRVT SMCI_USDT_Perpshort	0.0000%	8h	40.611	+0.175%	$459	$168K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SMCIUSDT	0.0000%	8h	40.620	+0.197%	$1.6M	$259K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.575	+0.086%	$40K	$13K	10x	as long as short
QFEX SMCI-USD	+0.0054%	1h	40.610	+0.173%	$1.1M	$1.7M	10x	as long as short
KuCoin SMCIUSDTMlong	+0.0100%	8h	40.540	long leg	$456K	$549K	20x
HTX SMCI-USDT	+0.0100%	8h	40.630	+0.222%	$8K	$289K	10x	as long as short
SoDEX SMCI-USD	+0.0113%	1h	40.600	+0.148%	$136	$3K	10x	as long as short
Paragon para:SMCI	+0.0566%	1h	40.563	+0.057%	$156K	$241K	10x	as long as short