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 Phemex−0.170%50s7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$618as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on Phemex 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)+0.221%+$22 · spread now −0.170%, 7d avg −0.061%

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

Funding pays, the price is against you. KuCoin is 0.109% cheaper against Phemex than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.061%). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

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

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.170%Rate

Funding earned: $21
Price spread: −0.170% → −0.061%: −$10.9
Slippage, 4 orders: −$605.67
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$619.57
Costs to cover: 6.297%
Break-even: 213.5 days

Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 60 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 Phemex live order book, 5 min ago	3.64 bp	67.0 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 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	−1.042%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.210	−0.097%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.270	+0.048%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.230	−0.048%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.230	−0.048%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.253	+0.007%	$107K	$120K	—	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	41.250	long leg	$1.6M	$256K	10x
QFEX SMCI-USD	+0.0032%	1h	41.250	0.000%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.223	−0.065%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0048%	8h	41.260	+0.024%	$271	$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	−0.048%	$143	$3K	10x	as long as short
Binance SMCIUSDT	+0.0085%	8h	41.250	0.000%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.241	−0.023%	$576	$10K	10x	as long as short
KuCoin SMCIUSDTMshort	+0.0100%	8h	41.180	−0.170%	$460K	$474K	20x
HTX SMCI-USDT	+0.0100%	8h	41.190	−0.145%	$8K	$285K	10x	as long as short
BloFin SMCI-USDT	+0.0105%	8h	41.280	+0.073%	$79K	$9K	20x	as long as short
Paragon para:SMCI	+0.0220%	1h	41.196	−0.130%	$158K	$265K	10x	as long as short