SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin−0.024%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$685as in the Funding arb table

Net, price: spread back to 7d avg − costs−$679as in the Price arb table

costs, in and out, $10k−$6716.705% of the position

Long on KuCoin Short on Bybit

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)+0.042%+$4 · spread now −0.024%, 7d avg +0.056%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.080% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SMCIUSDTM	41.200	0.0100	pay 0.0100% / 8h	3h 38m	$460K	$480K	20x
Short	Bybit SMCIUSDT	41.190	0	get 0.0000% / 8h	3h 38m	$1.0M	$571K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$21
Price spread: −0.024% → +0.056%: −$8.05
Slippage, 4 orders: −$647.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$699.55
Costs to cover: 6.705%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; Bybit: live order book, 2 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, 35 min ago	12.04 bp	229.2 bp −$229	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	7.28 bp	79.8 bp −$80	194.8 bp −$1,948	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	41.060	−0.340%	$4K	$91	12x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	41.190	−0.024%	$1.0M	$571K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.240	+0.097%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.220	+0.049%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.224	+0.058%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.177%	$97K	$110K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.230	+0.073%	$1.6M	$253K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0018%	8h	41.273	+0.176%	$485	$163K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.230	+0.073%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.208	+0.019%	$32K	$5K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	41.220	+0.049%	$149	$3K	10x	as long as short
Binance SMCIUSDT	+0.0084%	8h	41.220	+0.049%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.222	+0.053%	$579	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0091%	8h	41.340	+0.340%	$79K	$9K	20x	as long as short
KuCoin SMCIUSDTMlong	+0.0100%	8h	41.200	long leg	$460K	$480K	20x
HTX SMCI-USDT	+0.0100%	8h	41.250	+0.121%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0383%	1h	41.229	+0.070%	$158K	$265K	10x	as long as short