Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Phemex−0.048%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$3023.023% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.035%−$3 · spread now −0.048%, 7d avg −0.038%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SMCIUSDT | 41.400 | 0 | get 0.0000% / 8h | 12m 53s | $1.6M | $261K | 10x |
| Short | Gate SMCI_USDT | 41.380 | 0 | get 0.0000% / 8h | 12m 53s | $1.6M | $1.8M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Phemex. 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: −0.048% → −0.038%
- −$1
- Slippage, 4 orders
- −$275.34
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$303.34
- Costs to cover
- 3.023%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 5 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 Phemex live order book, 5 min ago | 1.21 bp | 50.9 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 6.04 bp | 45.2 bp −$45 | 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 | 41.010 | −0.942% | $4K | $99 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.390 | −0.024% | $1.0M | $669K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.420 | +0.048% | $689K | $1.1M | 20x | as long as short |
| Gate SMCI_USDTshort | 0.0000% | 8h | 41.380 | −0.048% | $1.6M | $1.8M | 20x | |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.394 | −0.014% | $1.3M | $529K | 20x | as long as short |
| Phemex SMCIUSDTlong | 0.0000% | 8h | 41.400 | long leg | $1.6M | $261K | 10x | |
| Lighter RH SMCI | +0.0032% | 1h | 41.394 | −0.014% | $32K | $5K | 10x | as long as short |
| QFEX SMCI-USD | +0.0041% | 1h | 41.410 | +0.024% | $1.1M | $2.3M | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 41.390 | −0.024% | $123 | $3K | 10x | as long as short |
| Paragon para:SMCI | +0.0060% | 1h | 41.385 | −0.036% | $159K | $265K | 10x | as long as short |
Show all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SMCI | +0.0090% | 8h | 41.419 | +0.046% | $96K | $109K | — | as long as short |
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.400 | 0.000% | $461K | $536K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.400 | 0.000% | $8K | $284K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0201% | 8h | 41.430 | +0.072% | $79K | $9K | 20x | as long as short |
| Binance SMCIUSDT | +0.0231% | 8h | 41.407 | +0.018% | $3.4M | $5.5M | 20x | as long as short |
| Extended SMCI-USD | +0.0232% | 1h | 41.399 | −0.003% | $580 | $10K | 10x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0362% | 8h | 41.408 | +0.019% | $728 | $156K | 10x | as long as short |
Phemex SMCIUSDT
Gate SMCI_USDT
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Bitget SMCIUSDT
Lighter RH SMCI
SoDEX SMCI-USD
Paragon para:SMCI
Variational Omni SMCI
KuCoin SMCIUSDTM
HTX SMCI-USDT
BloFin SMCI-USDT
Binance SMCIUSDT
Extended SMCI-USD
GRVT SMCI_USDT_Perp