SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Gate−0.072%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$687as in the Funding arb table

Net, price: spread back to 7d avg − costs−$704as in the Price arb table

costs, in and out, $10k−$6986.985% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.072%, 7d avg −0.019%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.054% cheaper against Gate than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.019%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	41.530	0	get 0.0000% / 8h	4h 09m	$1.6M	$1.6M	20x
Short	KuCoin SMCIUSDTM	41.500	0.0100	get 0.0100% / 8h	4h 09m	$463K	$481K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $21
Price spread: −0.072% → −0.019%: −$5.36
Slippage, 4 orders: −$671.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$682.84
Costs to cover: 6.985%
Break-even: 234.6 days

Slippage from Gate: live order book, 3 min ago; KuCoin: 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 Gate live order book, 3 min ago	8.43 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	12.04 bp	289.8 bp −$290	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	41.120	−0.987%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.520	−0.024%	$1.0M	$647K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.580	+0.120%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	41.530	long leg	$1.6M	$1.6M	20x
Bitget SMCIUSDT	0.0000%	8h	41.540	+0.024%	$1.3M	$490K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.540	+0.024%	$1.6M	$249K	10x	as long as short
QFEX SMCI-USD	+0.0021%	1h	41.520	−0.024%	$1.1M	$1.9M	10x	as long as short
Variational Omni SMCI	+0.0030%	8h	41.528	−0.005%	$98K	$110K	—	as long as short
Lighter RH SMCI	+0.0032%	1h	41.509	−0.051%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.530	0.000%	$149	$3K	10x	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	−0.072%	$463K	$481K	20x
HTX SMCI-USDT	+0.0100%	8h	41.550	+0.048%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0113%	8h	41.540	+0.024%	$234	$160K	10x	as long as short
BloFin SMCI-USDT	+0.0121%	8h	41.550	+0.048%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0144%	1h	41.528	−0.004%	$582	$10K	10x	as long as short
Binance SMCIUSDT	+0.0148%	8h	41.540	+0.024%	$3.4M	$5.2M	20x	as long as short
Paragon para:SMCI	+0.1117%	1h	41.472	−0.140%	$159K	$265K	10x	as long as short