SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0129%/8h= +14.1% APRnext payment +$1.29 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.192%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2512.515% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.192%, 7d avg −0.053%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.140% cheaper against Bitget than usual: you would sell low and buy high (spread −0.192% now, against its 7-day average of −0.053%). If the spread goes back, that is −$14 on $10k: about 3.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SMCIUSDT	41.059	−0.0129	get 0.0129% / 8h	1h 44m	$1.3M	$466K	20x
Short	Bybit SMCIUSDT	40.980	0	get 0.0000% / 8h	1h 44m	$998K	$293K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.192%Rate

Funding earned: $27.09
Price spread: −0.192% → −0.053%: −$13.99
Slippage, 4 orders: −$228.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$238.35
Costs to cover: 2.515%
Break-even: 68.6 days

Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 6 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 Bitget live order book, 2 min ago	5.85 bp	13.7 bp −$14	42.1 bp −$421	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	4.87 bp	92.7 bp −$93	218.9 bp −$2,189	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	40.640	−1.020%	$4K	$89	12x	as long as short
Bitget SMCIUSDTlong	−0.0129%	8h	41.059	long leg	$1.3M	$466K	20x
Bybit SMCIUSDTshort	0.0000%	8h	40.980	−0.192%	$998K	$293K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.080	+0.051%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.020	−0.095%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.023	−0.088%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.040	−0.046%	$1.6M	$263K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.989	−0.170%	$32K	$5K	10x	as long as short
Binance SMCIUSDT	+0.0037%	8h	41.031	−0.068%	$3.4M	$5.4M	20x	as long as short
Extended SMCI-USD	+0.0040%	1h	41.027	−0.077%	$576	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0050%	8h	41.050	−0.022%	$80K	$9K	20x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.020	−0.095%	$139	$3K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	41.010	−0.119%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0085%	8h	41.079	+0.050%	$596	$169K	10x	as long as short
Paragon para:SMCI	+0.0087%	1h	40.969	−0.219%	$157K	$266K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.010	−0.119%	$460K	$486K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.050	−0.022%	$8K	$285K	10x	as long as short