SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.68 per $10,000 · paid last 24h +0.051%

Price spread now: GRVT against OKX+0.171%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$980.982% of the position

Long on OKX Short on GRVT

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)−0.505%−$51 · spread now +0.171%, 7d avg +0.029%

Together, before fees−0.430%+ Points / potential airdropGRVT: Active · farm board−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.143% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	40.820	0	get 0.0000% / 8h	13m 14s	$674K	$1.1M	20x
Short	GRVT SMCI_USDT_Perp	40.890	0.0068	get 0.0068% / 8h	13m 14s	$148	$170K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now +0.171%Rate

Funding earned: $14.28
Price spread: +0.171% → +0.029%: $14.28
Slippage, 4 orders: −$79.23
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$69.67
Costs to cover: 0.982%
Break-even: 41.2 days

Slippage from OKX: live order book, 3 min ago; GRVT: live order book, 20 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 OKX live order book, 3 min ago	7.34 bp	25.8 bp −$26	4263.9 bp −$42.6K	doesn't fit	doesn't fit
Sell GRVT live order book, 20 min ago	3.66 bp	30.8 bp −$31	65.7 bp −$657	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	40.550	−0.661%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0163%	8h	40.873	+0.130%	$1.3M	$501K	20x	as long as short
BloFin SMCI-USDT	−0.0007%	8h	40.940	+0.294%	$79K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.880	+0.147%	$573	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.890	+0.171%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.880	+0.147%	$995K	$293K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	40.820	long leg	$674K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	40.860	+0.098%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.864	+0.107%	$124K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.890	+0.171%	$1.6M	$258K	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	40.866	+0.113%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.880	+0.147%	$132	$3K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.880	+0.147%	$1.1M	$1.7M	10x	as long as short
GRVT SMCI_USDT_Perpshort	+0.0068%	8h	40.890	+0.171%	$148	$170K	10x
KuCoin SMCIUSDTM	+0.0100%	8h	40.860	+0.098%	$460K	$517K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.900	+0.196%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0219%	1h	40.882	+0.151%	$157K	$266K	10x	as long as short