Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.071%

Price spread now: Binance against Bybit+0.098%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1401.401% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 1 day (all we have)−0.138%−$14 · spread now +0.098%, 7d avg +0.064%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	40.880	0	get 0.0000% / 8h	4h 23m	$1.0M	$656K	25x
Short	Binance SMCIUSDT	40.920	0	get 0.0000% / 8h	4h 23m	$3.4M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.064%: $3.43
Slippage, 4 orders: −$119.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$136.65
Costs to cover: 1.401%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 4 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 Bybit live order book, 6 min ago	6.11 bp	24.1 bp −$24	189.8 bp −$1,898	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.44 bp	15.9 bp −$16	52.7 bp −$527	189.5 bp −$18.9K	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	40.610	−0.660%	$4K	$99	12x	as long as short
BloFin SMCI-USDT	−0.0011%	8h	40.940	+0.147%	$80K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.937	+0.140%	$573	$10K	10x	as long as short
Binance SMCIUSDTshort	0.0000%	8h	40.920	+0.098%	$3.4M	$5.8M	20x
Bybit SMCIUSDTlong	0.0000%	8h	40.880	long leg	$1.0M	$656K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	40.920	+0.098%	$691K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.900	+0.049%	$1.5M	$1.8M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	40.877	−0.007%	$1.3M	$582K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.920	+0.097%	$67K	$368K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	40.949	+0.170%	$507	$151K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SMCIUSDT	0.0000%	8h	40.920	+0.098%	$1.6M	$287K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.900	+0.049%	$32K	$7K	10x	as long as short
QFEX SMCI-USD	+0.0035%	1h	40.900	+0.049%	$1.1M	$2.0M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.890	+0.024%	$130	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.875	−0.012%	$157K	$264K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.890	+0.024%	$458K	$551K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.900	+0.049%	$8K	$289K	10x	as long as short