SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.7% APRnext payment −$0.80 per $10,000 · paid last 24h −0.032%

Price spread now: Bitget against Binance−0.076%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2452.452% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.076%, 7d avg −0.008%

Together, before fees+0.035%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.068% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.225	0.0080	pay 0.0080% / 8h	3h 17m	$3.4M	$5.3M	20x
Short	Bitget SMCIUSDT	41.194	0	get 0.0000% / 8h	3h 17m	$1.3M	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$16.76
Price spread: −0.076% → −0.008%: −$6.78
Slippage, 4 orders: −$223.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$268.73
Costs to cover: 2.452%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: 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 Binance live order book, 6 min ago	2.43 bp	12.2 bp −$12	41.6 bp −$416	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	7.75 bp	200.5 bp −$201	366.6 bp −$3,666	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	−0.983%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.170	−0.134%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	−0.110%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.200	−0.061%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.194	−0.076%	$1.3M	$501K	20x
Variational Omni SMCI	0.0000%	8h	41.273	+0.115%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.220	−0.013%	$1.6M	$255K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.210	−0.037%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.184	−0.100%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0036%	8h	41.240	+0.037%	$325	$164K	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	41.190	−0.085%	$145	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0054%	8h	41.210	−0.037%	$79K	$9K	20x	as long as short
Binance SMCIUSDTlong	+0.0080%	8h	41.225	long leg	$3.4M	$5.3M	20x
Extended SMCI-USD	+0.0080%	1h	41.194	−0.076%	$576	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.160	−0.158%	$459K	$474K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.200	−0.061%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0218%	1h	41.159	−0.162%	$158K	$265K	10x	as long as short