Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.073%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$323as in the Funding arb table

Net, price: spread back to 7d avg − costs−$327as in the Price arb table

costs, in and out, $10k−$3213.205% of the position

Long on Gate 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−0.004%$0 · spread now −0.073%, 7d avg −0.007%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.066% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	41.020	0	get 0.0000% / 8h	1h 43m	$1.5M	$1.4M	20x
Short	Bybit SMCIUSDT	40.990	0	get 0.0000% / 8h	1h 43m	$998K	$293K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.007%: −$6.61
Slippage, 4 orders: −$294.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$327.15
Costs to cover: 3.205%
Break-even: never at this rate

Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago	6.09 bp	14.6 bp −$15	doesn't fit	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	−0.926%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0129%	8h	41.058	+0.093%	$1.3M	$466K	20x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	40.990	−0.073%	$998K	$293K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.080	+0.146%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	41.020	long leg	$1.5M	$1.4M	20x
Variational Omni SMCI	0.0000%	8h	41.023	+0.007%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.040	+0.049%	$1.6M	$263K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.996	−0.059%	$32K	$5K	10x	as long as short
Binance SMCIUSDT	+0.0037%	8h	41.037	+0.043%	$3.4M	$5.4M	20x	as long as short
Extended SMCI-USD	+0.0040%	1h	41.031	+0.027%	$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	+0.073%	$80K	$9K	20x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.010	−0.024%	$137	$3K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	41.010	−0.024%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0085%	8h	41.079	+0.145%	$596	$169K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.000	−0.049%	$459K	$486K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.020	0.000%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0104%	1h	40.980	−0.097%	$157K	$266K	10x	as long as short