Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.019%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$447as in the Funding arb table

Net, price: spread back to 7d avg − costs−$453as in the Price arb table

costs, in and out, $10k−$4504.497% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days+0.066%+$7 · spread now +0.019%, 7d avg +0.052%

Together, before fees+0.091%+$9 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: Bitget is 0.033% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.540	0	get 0.0000% / 8h	6h 15m	$1.0M	$648K	25x
Short	Bitget SMCIUSDT	41.548	0	get 0.0000% / 8h	6h 15m	$1.3M	$506K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.052%: −$3.29
Slippage, 4 orders: −$426.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$453.01
Costs to cover: 4.497%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 6 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, 5 min ago	4.82 bp	84.3 bp −$84	203.5 bp −$2,035	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	8.78 bp	263.4 bp −$263	doesn't fit	doesn't fit	doesn't fit

SMCI on 16 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	41.040	−1.204%	$4K	$95	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.540	long leg	$1.0M	$648K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.600	+0.144%	$691K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.540	0.000%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.548	+0.019%	$1.3M	$506K	20x
Phemex SMCIUSDT	0.0000%	8h	41.580	+0.096%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.539	−0.002%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.530	−0.024%	$1.1M	$2.2M	10x	as long as short
Variational Omni SMCI	+0.0064%	8h	41.562	+0.054%	$98K	$110K	—	as long as short
SoDEX SMCI-USD	+0.0069%	1h	41.550	+0.024%	$145	$3K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.510	−0.072%	$462K	$502K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.570	+0.072%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0197%	8h	41.565	+0.061%	$137	$155K	10x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.549	+0.022%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0217%	8h	41.570	+0.072%	$3.4M	$5.2M	20x	as long as short
Paragon para:SMCI	+0.1272%	1h	41.500	−0.096%	$159K	$265K	10x	as long as short