Funding you earn now, next payment 08:00 UTC−0.0255%/8h= −27.9% APRnext payment −$2.55 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against KuCoin+0.112%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$620as in the Funding arb table
Net, price: spread back to 7d avg − costs−$603as in the Price arb table
costs, in and out, $10k−$6086.080% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.112%, 7d avg +0.065%
=The price spread pays, funding is against you. Bitget is 0.047% dearer against KuCoin than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.065%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.117% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.55 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 | KuCoin SMCIUSDTM | 40.890 | 0.0100 | pay 0.0100% / 8h | 33m 07s | $460K | $504K | 20x |
| Short | Bitget SMCIUSDT | 40.936 | −0.0155 | pay 0.0155% / 8h | 33m 07s | $1.3M | $502K | 20x |
KuCoin SMCIUSDTM
Bitget SMCIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$53.55
- Price spread: +0.112% → +0.065%
- $4.72
- Slippage, 4 orders
- −$583.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$656.82
- Costs to cover
- 6.080%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 71 min ago; Bitget: live order book, 3 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 KuCoin live order book, 71 min ago | 9.76 bp | 368.8 bp −$369 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.91 bp | 54.0 bp −$54 | 99.0 bp −$990 | 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 | 40.570 | −0.783% | $4K | $88 | 12x | as long as short |
| Bitget SMCIUSDTshort | −0.0155% | 8h | 40.936 | +0.112% | $1.3M | $502K | 20x | |
| Bybit SMCIUSDT | 0.0000% | 8h | 40.920 | +0.073% | $997K | $293K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 40.980 | +0.220% | $679K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 40.930 | +0.098% | $1.5M | $1.4M | 20x | as long as short |
| Variational Omni SMCI | 0.0000% | 8h | 40.947 | +0.139% | $125K | $134K | — | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 40.950 | +0.147% | $1.6M | $259K | 10x | as long as short |
| Binance SMCIUSDT | +0.0007% | 8h | 40.950 | +0.147% | $3.4M | $5.3M | 20x | as long as short |
| Extended SMCI-USD | +0.0008% | 1h | 40.939 | +0.119% | $573 | — | 10x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 40.920 | +0.073% | $40K | $13K | 10x | as long as short |
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Variational Omni SMCI
Phemex SMCIUSDT
Binance SMCIUSDT
Extended SMCI-USD
Lighter RH SMCIShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMCI-USDT | +0.0034% | 8h | 41.000 | +0.269% | $79K | $9K | 20x | as long as short |
| QFEX SMCI-USD | +0.0067% | 1h | 40.930 | +0.098% | $1.1M | $1.8M | 10x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0085% | 8h | 40.959 | +0.168% | $487 | $169K | 10x | as long as short |
| KuCoin SMCIUSDTMlong | +0.0100% | 8h | 40.890 | long leg | $460K | $504K | 20x | |
| HTX SMCI-USDT | +0.0100% | 8h | 40.960 | +0.171% | $8K | $287K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0106% | 1h | 40.930 | +0.098% | $131 | $3K | 10x | as long as short |
| Paragon para:SMCI | +0.0156% | 1h | 40.888 | −0.005% | $157K | $266K | 10x | as long as short |
BloFin SMCI-USDT
QFEX SMCI-USD
GRVT SMCI_USDT_Perp
HTX SMCI-USDT
SoDEX SMCI-USD
Paragon para:SMCI