Funding you earn now, next payment 08:00 UTC+0.0242%/8h= +26.5% APRnext payment +$2.42 per $10,000 · paid last 24h +0.032%
Price spread now: Binance against Bybit+0.133%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1431.427% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 2 days (all we have)−0.189%−$19 · spread now +0.133%, 7d avg +0.065%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.065%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMCIUSDT | 41.590 | 0 | get 0.0000% / 8h | 7h 22m | $1.0M | $656K | 25x |
| Short | Binance SMCIUSDT | 41.645 | 0.0242 | get 0.0242% / 8h | 7h 22m | $3.4M | $5.1M | 20x |
Bybit SMCIUSDT
Binance SMCIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.84
- Price spread: +0.133% → +0.065%
- $6.78
- Slippage, 4 orders
- −$121.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$85.09
- Costs to cover
- 1.427%
- Break-even
- 18.7 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 1 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 Bybit live order book, 3 min ago | 1.20 bp | 29.1 bp −$29 | 180.9 bp −$1,809 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 3.60 bp | 17.0 bp −$17 | 60.4 bp −$604 | 318.1 bp −$31.8K | 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 | 41.150 | −1.058% | $4K | $96 | 12x | as long as short |
| Bybit SMCIUSDTlong | 0.0000% | 8h | 41.590 | long leg | $1.0M | $656K | 25x | |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.600 | +0.024% | $694K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.620 | +0.072% | $1.6M | $1.7M | 20x | as long as short |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.603 | +0.031% | $1.3M | $508K | 20x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.660 | +0.168% | $1.6M | $247K | 10x | as long as short |
| QFEX SMCI-USD | +0.0023% | 1h | 41.610 | +0.048% | $1.1M | $2.3M | 10x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 41.601 | +0.026% | $32K | $5K | 10x | as long as short |
| Paragon para:SMCI | +0.0061% | 1h | 41.560 | −0.072% | $160K | $265K | 10x | as long as short |
| Variational Omni SMCI | +0.0093% | 8h | 41.683 | +0.224% | $97K | $109K | — | as long as short |
Injective SMCI/USDC PERP
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Bitget SMCIUSDT
Phemex SMCIUSDT
QFEX SMCI-USD
Lighter RH SMCI
Paragon para:SMCI
Variational Omni SMCIShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.560 | −0.072% | $462K | $526K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.670 | +0.192% | $8K | $284K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0160% | 1h | 41.620 | +0.072% | $136 | $3K | 10x | as long as short |
| Extended SMCI-USD | +0.0240% | 1h | 41.633 | +0.103% | $583 | $10K | 10x | as long as short |
| Binance SMCIUSDTshort | +0.0242% | 8h | 41.645 | +0.133% | $3.4M | $5.1M | 20x | |
| BloFin SMCI-USDT | +0.0267% | 8h | 41.650 | +0.144% | $79K | $9K | 20x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0458% | 8h | 41.661 | +0.171% | $642 | $154K | 10x | as long as short |
KuCoin SMCIUSDTM
HTX SMCI-USDT
SoDEX SMCI-USD
Extended SMCI-USD
BloFin SMCI-USDT
GRVT SMCI_USDT_Perp