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: Gate against KuCoin+0.049%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$582as in the Funding arb table

Net, price: spread back to 7d avg − costs−$567as in the Price arb table

costs, in and out, $10k−$5705.704% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.049%, 7d avg +0.018%

Together, before fees−0.218%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.018%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.

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	Gate SMCI_USDT	41.220	0	get 0.0000% / 8h	3h 38m	$1.5M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.049%Rate

Funding earned: −$21
Price spread: +0.049% → +0.018%: $3.02
Slippage, 4 orders: −$543.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$588.34
Costs to cover: 5.704%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; Gate: live order book, 4 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 Gate live order book, 4 min ago	8.47 bp	33.0 bp −$33	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	41.060	−0.340%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.200	0.000%	$1.0M	$571K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.250	+0.121%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDTshort	0.0000%	8h	41.220	+0.049%	$1.5M	$1.6M	20x
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	41.240	+0.097%	$1.6M	$252K	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	41.213	+0.032%	$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	41.230	+0.073%	$149	$3K	10x	as long as short
Binance SMCIUSDT	+0.0084%	8h	41.235	+0.084%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.228	+0.069%	$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	41.290	+0.218%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0383%	1h	41.229	+0.070%	$158K	$265K	10x	as long as short