SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.14 per $10,000 · paid last 24h −0.014%

Price spread now: Bitget against OKX+0.049%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2012.012% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.026%+$3 · spread now +0.049%, 7d avg 0.000%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.049% dearer against OKX than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of 0.000%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.014% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	41.020	0	get 0.0000% / 8h	6h 56m	$668K	$1.2M	20x
Short	Bitget SMCIUSDT	41.040	−0.0014	pay 0.0014% / 8h	6h 56m	$1.3M	$475K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$2.94
Price spread: +0.049% → 0.000%: $4.88
Slippage, 4 orders: −$179.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$199.3
Costs to cover: 2.012%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: 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 OKX live order book, 4 min ago	7.33 bp	48.7 bp −$49	5329.8 bp −$53.3K	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.01 bp	104.0 bp −$104	149.6 bp −$1,496	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
Bitget SMCIUSDTshort	−0.0014%	8h	41.040	+0.049%	$1.3M	$475K	20x
Bybit SMCIUSDT	0.0000%	8h	41.010	−0.024%	$997K	$300K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	41.020	long leg	$668K	$1.2M	20x
Gate SMCI_USDT	0.0000%	8h	40.960	−0.146%	$1.5M	$1.3M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.937	−0.201%	$150K	$160K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.000	−0.049%	$1.6M	$269K	10x	as long as short
Injective SMCI/USDC PERP	+0.0033%	1h	40.460	−1.365%	$4K	$82	12x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.880	−0.342%	$157K	$240K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.950	−0.171%	$1.1M	$1.7M	10x	as long as short
BloFin SMCI-USDT	+0.0067%	8h	40.980	−0.098%	$79K	$9K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SMCI-USD	+0.0080%	1h	41.049	+0.070%	$574	—	10x	as long as short
Binance SMCIUSDT	+0.0083%	8h	41.052	+0.077%	$3.4M	$5.4M	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.880	−0.341%	$458K	$565K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.030	+0.024%	$8K	$289K	10x	as long as short
Lighter RH SMCI	+0.0128%	1h	40.973	−0.115%	$40K	$13K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0574%	8h	40.925	−0.232%	$485	$168K	10x	as long as short
SoDEX SMCI-USD	+0.0753%	1h	40.970	−0.122%	$131	$3K	10x	as long as short