SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.7% APRnext payment −$0.80 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against Binance−0.027%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$446as in the Funding arb table

Net, price: spread back to 7d avg − costs−$447as in the Price arb table

costs, in and out, $10k−$4524.522% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.284%−$28 · spread now −0.027%, 7d avg −0.081%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.055% dearer against Binance than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.081%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.511	0.0180	pay 0.0180% / 8h	5h 24m	$3.4M	$5.2M	20x
Short	KuCoin SMCIUSDTM	41.500	0.0100	get 0.0100% / 8h	5h 24m	$462K	$485K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$16.72
Price spread: −0.027% → −0.081%: $5.46
Slippage, 4 orders: −$430.17
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$463.43
Costs to cover: 4.522%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 74 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	1.20 bp	12.4 bp −$12	47.8 bp −$478	doesn't fit	doesn't fit
Sell KuCoin live order book, 74 min ago	20.51 bp	205.4 bp −$205	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	41.130	−0.918%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.490	−0.051%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.520	+0.022%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.500	−0.027%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.508	−0.007%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.520	+0.022%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.508	−0.007%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.480	−0.075%	$1.1M	$2.1M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.510	−0.002%	$143	$3K	10x	as long as short
Variational Omni SMCI	+0.0051%	8h	41.506	−0.011%	$98K	$110K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTMshort	+0.0100%	8h	41.500	−0.027%	$462K	$485K	20x
HTX SMCI-USDT	+0.0100%	8h	41.510	−0.002%	$8K	$284K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0115%	8h	41.520	+0.022%	$502	$155K	10x	as long as short
Extended SMCI-USD	+0.0176%	1h	41.512	+0.003%	$580	$10K	10x	as long as short
Binance SMCIUSDTlong	+0.0180%	8h	41.511	long leg	$3.4M	$5.2M	20x
BloFin SMCI-USDT	+0.0186%	8h	41.540	+0.070%	$33K	$9K	20x	as long as short
Paragon para:SMCI	+0.1321%	1h	41.499	−0.028%	$159K	$265K	10x	as long as short