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: Phemex against Gate+0.024%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1941.942% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.053%+$5 · spread now +0.024%, 7d avg +0.038%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMCI_USDT | 41.580 | 0 | get 0.0000% / 8h | 6h 57m | $1.6M | $1.6M | 20x |
| Short | Phemex SMCIUSDT | 41.590 | 0 | get 0.0000% / 8h | 6h 57m | $1.6M | $246K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: +0.024% → +0.038%
- −$1.44
- Slippage, 4 orders
- −$167.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$195.65
- Costs to cover
- 1.942%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Phemex: 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 Gate live order book, 5 min ago | 9.61 bp | 45.3 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.40 bp | 46.7 bp −$47 | doesn't fit | 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 | 41.240 | −0.818% | $4K | $93 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.580 | 0.000% | $1.0M | $648K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.600 | +0.048% | $693K | $1.1M | 20x | as long as short |
| Gate SMCI_USDTlong | 0.0000% | 8h | 41.580 | long leg | $1.6M | $1.6M | 20x | |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.600 | +0.048% | $1.3M | $506K | 20x | as long as short |
| Phemex SMCIUSDTshort | 0.0000% | 8h | 41.590 | +0.024% | $1.6M | $246K | 10x | |
| Lighter RH SMCI | +0.0032% | 1h | 41.570 | −0.024% | $32K | $5K | 10x | as long as short |
| QFEX SMCI-USD | +0.0043% | 1h | 41.570 | −0.024% | $1.1M | $2.2M | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 41.600 | +0.048% | $138 | $3K | 10x | as long as short |
| Paragon para:SMCI | +0.0060% | 1h | 41.566 | −0.034% | $160K | $265K | 10x | as long as short |
Show all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.580 | 0.000% | $463K | $518K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.600 | +0.048% | $8K | $284K | 10x | as long as short |
| Variational Omni SMCI | +0.0104% | 8h | 41.663 | +0.199% | $97K | $109K | — | as long as short |
| Binance SMCIUSDT | +0.0238% | 8h | 41.600 | +0.048% | $3.4M | $5.1M | 20x | as long as short |
| Extended SMCI-USD | +0.0240% | 1h | 41.575 | −0.013% | $583 | $10K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0264% | 8h | 41.690 | +0.265% | $79K | $9K | 20x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0282% | 8h | 41.652 | +0.174% | $422 | $154K | 10x | as long as short |
Gate SMCI_USDT
Phemex SMCIUSDT
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Bitget SMCIUSDT
Lighter RH SMCI
SoDEX SMCI-USD
Paragon para:SMCI
KuCoin SMCIUSDTM
HTX SMCI-USDT
Variational Omni SMCI
Binance SMCIUSDT
Extended SMCI-USD
BloFin SMCI-USDT
GRVT SMCI_USDT_Perp