SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.23 per $10,000 · paid last 24h +0.071%

Price spread now: Bybit against Binance−0.121%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1881.880% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 2 days (all we have)+0.215%+$22 · spread now −0.121%, 7d avg −0.064%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.056% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.410	0.0023	pay 0.0023% / 8h	1h 24m	$3.4M	$5.5M	20x
Short	Bybit SMCIUSDT	41.360	0	get 0.0000% / 8h	1h 24m	$1.0M	$656K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$4.74
Price spread: −0.121% → −0.064%: −$5.63
Slippage, 4 orders: −$166.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$198.33
Costs to cover: 1.880%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 1 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 Binance live order book, 14 min ago	1.21 bp	14.7 bp −$15	51.4 bp −$514	312.6 bp −$31.3K	doesn't fit
Sell Bybit live order book, 1 min ago	3.63 bp	85.6 bp −$86	209.7 bp −$2,097	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	40.950	−1.111%	$4K	$98	12x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	41.360	−0.121%	$1.0M	$656K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.420	+0.024%	$690K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.370	−0.097%	$1.6M	$1.9M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.378	−0.077%	$1.3M	$539K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.415	+0.012%	$67K	$81K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.420	+0.024%	$1.6M	$268K	10x	as long as short
Binance SMCIUSDTlong	+0.0023%	8h	41.410	long leg	$3.4M	$5.5M	20x
Extended SMCI-USD	+0.0024%	1h	41.402	−0.020%	$578	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0030%	8h	41.400	−0.024%	$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
Lighter RH SMCI	+0.0032%	1h	41.393	−0.041%	$32K	$7K	10x	as long as short
QFEX SMCI-USD	+0.0049%	1h	41.400	−0.024%	$1.1M	$2.2M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.335	−0.181%	$159K	$265K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.340	−0.169%	$460K	$548K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.410	0.000%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0124%	8h	41.390	−0.049%	$233	$158K	10x	as long as short
SoDEX SMCI-USD	+0.0279%	1h	41.380	−0.072%	$130	$3K	10x	as long as short