SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0599%/8h= −65.6% APRnext payment −$5.99 per $10,000 · paid last 24h −0.033%

Price spread now: Bybit against Binance0.000%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$990.990% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days−0.118%−$12 · spread now 0.000%, 7d avg −0.060%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.060% dearer against Binance than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.060%): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.080% in total) that is about 5.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.99 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.170	0.0599	pay 0.0599% / 8h	5h 45m	$3.4M	$5.3M	20x
Short	Bybit SMCIUSDT	41.170	0	get 0.0000% / 8h	5h 45m	$1.0M	$297K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$125.74
Price spread: 0.000% → −0.060%: $6.01
Slippage, 4 orders: −$78
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$218.73
Costs to cover: 0.990%
Break-even: never at this rate

Slippage from Binance: live order book, just now; Bybit: live order book, 3 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, just now	2.43 bp	16.1 bp −$16	46.5 bp −$465	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.64 bp	34.7 bp −$35	189.5 bp −$1,895	doesn't fit	doesn't fit

SMCI on 17 exchanges

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	40.650	−1.263%	$4K	$80	12x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	41.170	0.000%	$1.0M	$297K	25x
Gate SMCI_USDT	0.0000%	8h	41.150	−0.049%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.166	−0.010%	$1.3M	$473K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.190	+0.049%	$1.6M	$264K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.154	−0.039%	$40K	$14K	10x	as long as short
OKX SMCI-USDT-SWAP	+0.0039%	8h	41.150	−0.049%	$673K	$1.1M	20x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.160	−0.025%	$158K	$241K	10x	as long as short
QFEX SMCI-USD	+0.0080%	1h	41.160	−0.024%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.190	+0.049%	$462K	$627K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDT	+0.0100%	8h	41.160	−0.024%	$8K	$292K	10x	as long as short
SoDEX SMCI-USD	+0.0278%	1h	41.180	+0.024%	$131	$3K	10x	as long as short
Variational Omni SMCI	+0.0489%	8h	41.189	+0.047%	$151K	$160K	—	as long as short
BloFin SMCI-USDT	+0.0577%	8h	41.240	+0.170%	$80K	$9K	20x	as long as short
Binance SMCIUSDTlong	+0.0599%	8h	41.170	long leg	$3.4M	$5.3M	20x
Extended SMCI-USD	+0.0600%	1h	41.146	−0.058%	$577	—	10x	as long as short
GRVT SMCI_USDT_Perp	+0.1731%	8h	41.260	+0.219%	$522	$164K	10x	as long as short