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: KuCoin against OKX−0.218%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$554as in the Funding arb table

Net, price: spread back to 7d avg − costs−$582as in the Price arb table

costs, in and out, $10k−$5665.662% of the position

Long on OKX Short on KuCoin

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)+0.106%+$11 · spread now −0.218%, 7d avg −0.055%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.163% cheaper against OKX than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of −0.055%). If the spread goes back, that is −$16 on $10k: about 5.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	41.270	0	get 0.0000% / 8h	3h 14m	$686K	$1.1M	20x
Short	KuCoin SMCIUSDTM	41.180	0.0100	get 0.0100% / 8h	3h 14m	$460K	$474K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.218%Rate

Funding earned: $21
Price spread: −0.218% → −0.055%: −$16.32
Slippage, 4 orders: −$544.16
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$561.48
Costs to cover: 5.662%
Break-even: 194.2 days

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 59 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, 2 min ago	2.42 bp	11.9 bp −$12	3461.5 bp −$34.6K	doesn't fit	doesn't fit
Sell KuCoin live order book, 59 min ago	12.04 bp	289.8 bp −$290	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	−1.090%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.210	−0.145%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	41.270	long leg	$686K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.220	−0.121%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.225	−0.109%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.253	−0.042%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.260	−0.024%	$1.6M	$256K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.250	−0.048%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.230	−0.097%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0037%	8h	41.209	−0.149%	$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	41.250	−0.048%	$144	$3K	10x	as long as short
Extended SMCI-USD	+0.0080%	1h	41.218	−0.126%	$576	$10K	10x	as long as short
Binance SMCIUSDT	+0.0084%	8h	41.249	−0.052%	$3.4M	$5.3M	20x	as long as short
KuCoin SMCIUSDTMshort	+0.0100%	8h	41.180	−0.218%	$460K	$474K	20x
HTX SMCI-USDT	+0.0100%	8h	41.280	+0.024%	$8K	$286K	10x	as long as short
BloFin SMCI-USDT	+0.0105%	8h	41.280	+0.024%	$79K	$9K	20x	as long as short
Paragon para:SMCI	+0.0219%	1h	41.224	−0.111%	$158K	$265K	10x	as long as short