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: KuCoin against Phemex−0.121%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$607as in the Funding arb table

Net, price: spread back to 7d avg − costs−$625as in the Price arb table

costs, in and out, $10k−$6196.192% of the position

Long on Phemex Short on KuCoin

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)+0.172%+$17 · spread now −0.121%, 7d avg −0.061%

Together, before fees+0.290%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.061% cheaper against Phemex than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.061%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SMCIUSDT	41.220	0	get 0.0000% / 8h	3h 36m	$1.6M	$253K	10x
Short	KuCoin SMCIUSDTM	41.170	0.0100	get 0.0100% / 8h	3h 36m	$459K	$480K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.121%Rate

Funding earned: $21
Price spread: −0.121% → −0.061%: −$6.06
Slippage, 4 orders: −$595.22
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$604.28
Costs to cover: 6.192%
Break-even: 208.4 days

Slippage from Phemex: live order book, 1 min ago; KuCoin: live order book, 36 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, 1 min ago	2.43 bp	61.7 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 36 min ago	12.04 bp	289.8 bp −$290	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	−0.388%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.170	−0.121%	$1.0M	$489K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.230	+0.024%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.210	−0.024%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.224	+0.010%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.128%	$97K	$110K	—	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	41.220	long leg	$1.6M	$253K	10x
GRVT SMCI_USDT_Perp	+0.0015%	8h	41.250	+0.073%	$484	$163K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.200	−0.049%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.177	−0.104%	$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	41.200	−0.049%	$149	$3K	10x	as long as short
Extended SMCI-USD	+0.0080%	1h	41.209	−0.027%	$579	$10K	10x	as long as short
Binance SMCIUSDT	+0.0081%	8h	41.221	+0.002%	$3.4M	$5.2M	20x	as long as short
BloFin SMCI-USDT	+0.0085%	8h	41.250	+0.073%	$79K	$9K	20x	as long as short
KuCoin SMCIUSDTMshort	+0.0100%	8h	41.170	−0.121%	$459K	$480K	20x
HTX SMCI-USDT	+0.0100%	8h	41.240	+0.049%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0365%	1h	41.178	−0.101%	$158K	$265K	10x	as long as short