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: Bybit against Gate+0.048%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2642.642% of the position

Long on Gate Short on Bybit

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+0.046%+$5 · spread now +0.048%, 7d avg −0.003%

Together, before fees+0.021%+$2 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: Bybit is 0.051% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	41.630	0	get 0.0000% / 8h	7h 02m	$1.6M	$1.7M	20x
Short	Bybit SMCIUSDT	41.650	0	get 0.0000% / 8h	7h 02m	$1.0M	$647K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.003%: $5.12
Slippage, 4 orders: −$238.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$259.08
Costs to cover: 2.642%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: 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 Gate live order book, 5 min ago	18.03 bp	114.6 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.60 bp	85.8 bp −$86	848.6 bp −$8,486	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	41.240	−0.937%	$4K	$98	12x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	41.650	+0.048%	$1.0M	$647K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.660	+0.072%	$694K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	41.630	long leg	$1.6M	$1.7M	20x
Bitget SMCIUSDT	0.0000%	8h	41.637	+0.017%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.650	+0.048%	$1.6M	$247K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.640	+0.024%	$1.1M	$2.2M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.643	+0.031%	$32K	$5K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.630	0.000%	$160K	$265K	10x	as long as short
SoDEX SMCI-USD	+0.0098%	1h	41.650	+0.048%	$137	$3K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SMCI	+0.0100%	8h	41.682	+0.126%	$97K	$109K	—	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.630	0.000%	$463K	$519K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.660	+0.072%	$8K	$284K	10x	as long as short
BloFin SMCI-USDT	+0.0217%	8h	41.660	+0.072%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0245%	8h	41.653	+0.056%	$3.4M	$5.1M	20x	as long as short
Extended SMCI-USD	+0.0248%	1h	41.644	+0.034%	$583	$10K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0345%	8h	41.660	+0.072%	$879	$153K	10x	as long as short