SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRnext payment −$2.01 per $10,000 · paid last 24h +0.077%

Price spread now: Bybit against BloFin−0.097%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.097% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SMCI-USDT	41.430	0.0201	pay 0.0201% / 8h	12m 39s	$79K	$9K	20x
Short	Bybit SMCIUSDT	41.390	0	get 0.0000% / 8h	12m 39s	$1.0M	$669K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$42.25
Price spread: −0.097% → 0.000%: −$9.65
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$74.9
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	4.83 bp	68.0 bp −$68	213.2 bp −$2,132	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	41.010	−1.014%	$4K	$99	12x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	41.390	−0.097%	$1.0M	$669K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.420	−0.024%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.380	−0.121%	$1.6M	$1.8M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.392	−0.092%	$1.3M	$529K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.400	−0.072%	$1.6M	$261K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.401	−0.070%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.410	−0.048%	$1.1M	$2.3M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.390	−0.097%	$123	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.380	−0.121%	$159K	$265K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SMCI	+0.0090%	8h	41.419	−0.027%	$96K	$109K	—	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.400	−0.072%	$462K	$536K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.400	−0.072%	$8K	$284K	10x	as long as short
BloFin SMCI-USDTlong	+0.0201%	8h	41.430	long leg	$79K	$9K	20x
Binance SMCIUSDT	+0.0228%	8h	41.407	−0.057%	$3.4M	$5.5M	20x	as long as short
Extended SMCI-USD	+0.0232%	1h	41.398	−0.077%	$580	$10K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0362%	8h	41.408	−0.053%	$728	$156K	10x	as long as short