Funding you earn now, next payment 08:00 UTC+0.0205%/8h= +22.5% APRnext payment +$2.05 per $10,000 · paid last 24h +0.032%
Price spread now: Binance against Bitget+0.072%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$820.823% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 2 days (all we have)−0.195%−$20 · spread now +0.072%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.050% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.023%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.05 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 | Bitget SMCIUSDT | 41.561 | 0 | get 0.0000% / 8h | 7h 52m | $1.3M | $512K | 20x |
| Short | Binance SMCIUSDT | 41.591 | 0.0205 | get 0.0205% / 8h | 7h 52m | $3.4M | $5.2M | 20x |
Bitget SMCIUSDT
Binance SMCIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $43.14
- Price spread: +0.072% → +0.023%
- $4.96
- Slippage, 4 orders
- −$60.3
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$34.19
- Costs to cover
- 0.823%
- Break-even
- 12.5 days
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 15 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 Bitget live order book, 4 min ago | 7.46 bp | 19.0 bp −$19 | 40.0 bp −$400 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.41 bp | 10.7 bp −$11 | 53.3 bp −$533 | 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 | 41.170 | −0.941% | $4K | $95 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.570 | +0.022% | $1.0M | $665K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.590 | +0.070% | $692K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.560 | −0.002% | $1.6M | $1.7M | 20x | as long as short |
| Bitget SMCIUSDTlong | 0.0000% | 8h | 41.561 | long leg | $1.3M | $512K | 20x | |
| GRVT SMCI_USDT_Perp | 0.0000% | 8h | 41.560 | −0.002% | $15 | $156K | 10x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.590 | +0.070% | $1.6M | $254K | 10x | as long as short |
| QFEX SMCI-USD | +0.0023% | 1h | 41.570 | +0.022% | $1.1M | $2.3M | 10x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 41.567 | +0.014% | $32K | $5K | 10x | as long as short |
| Variational Omni SMCI | +0.0056% | 8h | 41.584 | +0.056% | $97K | $109K | — | as long as short |
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
GRVT SMCI_USDT_Perp
Phemex SMCIUSDT
QFEX SMCI-USD
Lighter RH SMCI
Variational Omni SMCIShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:SMCI | +0.0060% | 1h | 41.543 | −0.043% | $159K | $265K | 10x | as long as short |
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.510 | −0.123% | $462K | $532K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.600 | +0.094% | $8K | $284K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0176% | 8h | 41.590 | +0.070% | $79K | $9K | 20x | as long as short |
| Binance SMCIUSDTshort | +0.0205% | 8h | 41.591 | +0.072% | $3.4M | $5.2M | 20x | |
| Extended SMCI-USD | +0.0208% | 1h | 41.582 | +0.050% | $580 | $10K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0349% | 1h | 41.590 | +0.070% | $121 | $3K | 10x | as long as short |
Paragon para:SMCI
KuCoin SMCIUSDTM
HTX SMCI-USDT
BloFin SMCI-USDT
Extended SMCI-USD
SoDEX SMCI-USD