SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0257%/8h= −28.2% APRnext payment −$2.57 per $10,000 · paid last 24h −0.032%

Price spread now: Gate against Binance−0.074%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$870.868% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 2 days (all we have)+0.110%+$11 · spread now −0.074%, 7d avg −0.069%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.431	0.0257	pay 0.0257% / 8h	39m 05s	$3.4M	$5.5M	20x
Short	Gate SMCI_USDT	41.400	0	get 0.0000% / 8h	39m 05s	$1.6M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.074%Rate

Funding earned: −$54.06
Price spread: −0.074% → −0.069%: −$0.49
Slippage, 4 orders: −$61.8
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$141.35
Costs to cover: 0.868%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Gate: live order book, 3 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	11.8 bp −$12	56.6 bp −$566	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	8.45 bp	19.9 bp −$20	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	41.000	−1.040%	$4K	$96	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.390	−0.099%	$1.0M	$670K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.430	−0.002%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDTshort	0.0000%	8h	41.400	−0.074%	$1.6M	$1.8M	20x
Bitget SMCIUSDT	0.0000%	8h	41.407	−0.057%	$1.3M	$533K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.430	−0.002%	$1.6M	$265K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.409	−0.053%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.410	−0.050%	$1.1M	$2.3M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.380	−0.123%	$159K	$265K	10x	as long as short
SoDEX SMCI-USD	+0.0083%	1h	41.420	−0.026%	$124	$3K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.380	−0.123%	$461K	$541K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.420	−0.026%	$8K	$284K	10x	as long as short
Variational Omni SMCI	+0.0102%	8h	41.435	+0.010%	$96K	$110K	—	as long as short
BloFin SMCI-USDT	+0.0228%	8h	41.410	−0.050%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0256%	1h	41.424	−0.017%	$578	$10K	10x	as long as short
Binance SMCIUSDTlong	+0.0257%	8h	41.431	long leg	$3.4M	$5.5M	20x
GRVT SMCI_USDT_Perp	+0.0404%	8h	41.408	−0.054%	$749	$157K	10x	as long as short