SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bybit0.000%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$883as in the Funding arb table

Net, price: spread back to 7d avg − costs−$891as in the Price arb table

costs, in and out, $10k−$8978.970% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now 0.000%, 7d avg −0.057%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.057% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.180	0	get 0.0000% / 8h	5h 42m	$1.0M	$297K	25x
Short	KuCoin SMCIUSDTM	41.180	0.0100	get 0.0100% / 8h	5h 42m	$462K	$629K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → −0.057%: $5.68
Slippage, 4 orders: −$874.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$870.36
Costs to cover: 8.970%
Break-even: 297.1 days

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 63 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, 1 min ago	3.64 bp	52.2 bp −$52	207.4 bp −$2,074	doesn't fit	doesn't fit
Sell KuCoin live order book, 63 min ago	11.00 bp	400.7 bp −$401	doesn't fit	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	−1.287%	$4K	$80	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.180	long leg	$1.0M	$297K	25x
Gate SMCI_USDT	0.0000%	8h	41.180	0.000%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.189	+0.022%	$1.3M	$473K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.210	+0.073%	$1.6M	$264K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.170	−0.024%	$40K	$14K	10x	as long as short
OKX SMCI-USDT-SWAP	+0.0045%	8h	41.210	+0.073%	$670K	$1.1M	20x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.190	+0.025%	$158K	$241K	10x	as long as short
SoDEX SMCI-USD	+0.0065%	1h	41.180	0.000%	$133	$3K	10x	as long as short
QFEX SMCI-USD	+0.0080%	1h	41.200	+0.049%	$1.1M	$1.8M	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTMshort	+0.0100%	8h	41.180	0.000%	$462K	$629K	20x
HTX SMCI-USDT	+0.0100%	8h	41.180	0.000%	$8K	$292K	10x	as long as short
Variational Omni SMCI	+0.0489%	8h	41.189	+0.023%	$151K	$160K	—	as long as short
BloFin SMCI-USDT	+0.0598%	8h	41.220	+0.097%	$80K	$9K	20x	as long as short
Extended SMCI-USD	+0.0600%	1h	41.179	−0.001%	$577	—	10x	as long as short
Binance SMCIUSDT	+0.0603%	8h	41.195	+0.035%	$3.4M	$5.3M	20x	as long as short
GRVT SMCI_USDT_Perp	+0.1731%	8h	41.260	+0.194%	$522	$164K	10x	as long as short