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: Phemex against KuCoin+0.170%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$641as in the Funding arb table

Net, price: spread back to 7d avg − costs−$619as in the Price arb table

costs, in and out, $10k−$6306.297% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.170%, 7d avg +0.061%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.109% dearer against KuCoin than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of +0.061%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SMCIUSDTM	41.180	0.0100	pay 0.0100% / 8h	3h 13m	$460K	$474K	20x
Short	Phemex SMCIUSDT	41.250	0	get 0.0000% / 8h	3h 13m	$1.6M	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.170%Rate

Funding earned: −$21
Price spread: +0.170% → +0.061%: $10.93
Slippage, 4 orders: −$605.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$639.74
Costs to cover: 6.297%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; Phemex: live order book, 4 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, 59 min ago	12.04 bp	229.2 bp −$229	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.64 bp	43.7 bp −$44	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	40.820	−0.874%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.200	+0.049%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.270	+0.219%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.220	+0.097%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.228	+0.117%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.253	+0.177%	$107K	$120K	—	as long as short
Phemex SMCIUSDTshort	0.0000%	8h	41.250	+0.170%	$1.6M	$256K	10x
QFEX SMCI-USD	+0.0032%	1h	41.250	+0.170%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.222	+0.102%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0037%	8h	41.209	+0.069%	$186	$165K	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	41.230	+0.121%	$143	$3K	10x	as long as short
Binance SMCIUSDT	+0.0084%	8h	41.246	+0.160%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.231	+0.123%	$576	$10K	10x	as long as short
KuCoin SMCIUSDTMlong	+0.0100%	8h	41.180	long leg	$460K	$474K	20x
HTX SMCI-USDT	+0.0100%	8h	41.190	+0.024%	$8K	$285K	10x	as long as short
BloFin SMCI-USDT	+0.0105%	8h	41.280	+0.243%	$79K	$9K	20x	as long as short
Paragon para:SMCI	+0.0219%	1h	41.224	+0.107%	$158K	$265K	10x	as long as short