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: Phemex against Gate+0.024%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1501.498% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.024%, 7d avg +0.039%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMCI_USDT | 40.960 | 0 | get 0.0000% / 8h | 1h 38m | $1.5M | $1.4M | 20x |
| Short | Phemex SMCIUSDT | 40.970 | 0 | get 0.0000% / 8h | 1h 38m | $1.6M | $262K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: +0.024% → +0.039%
- −$1.42
- Slippage, 4 orders
- −$122.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$151.18
- Costs to cover
- 1.498%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Phemex: 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, 4 min ago | 9.77 bp | 18.1 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.44 bp | 40.0 bp −$40 | 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 | 40.640 | −0.781% | $4K | $89 | 12x | as long as short |
| Bitget SMCIUSDT | −0.0138% | 8h | 41.014 | +0.132% | $1.3M | $465K | 20x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 40.930 | −0.073% | $997K | $293K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 40.980 | +0.049% | $684K | $1.1M | 20x | as long as short |
| Gate SMCI_USDTlong | 0.0000% | 8h | 40.960 | long leg | $1.5M | $1.4M | 20x | |
| Variational Omni SMCI | 0.0000% | 8h | 40.993 | +0.080% | $116K | $127K | — | as long as short |
| Phemex SMCIUSDTshort | 0.0000% | 8h | 40.970 | +0.024% | $1.6M | $262K | 10x | |
| BloFin SMCI-USDT | +0.0030% | 8h | 41.040 | +0.195% | $80K | $9K | 20x | as long as short |
| Binance SMCIUSDT | +0.0030% | 8h | 40.970 | +0.024% | $3.4M | $5.4M | 20x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 40.952 | −0.020% | $32K | $5K | 10x | as long as short |
Show all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SMCI-USD | +0.0032% | 1h | 40.950 | −0.025% | $576 | — | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 40.960 | 0.000% | $134 | $3K | 10x | as long as short |
| Paragon para:SMCI | +0.0068% | 1h | 40.924 | −0.087% | $157K | $266K | 10x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0075% | 8h | 41.000 | +0.098% | $123 | $170K | 10x | as long as short |
| QFEX SMCI-USD | +0.0075% | 1h | 40.980 | +0.049% | $1.1M | $1.8M | 10x | as long as short |
| KuCoin SMCIUSDTM | +0.0100% | 8h | 40.950 | −0.024% | $459K | $484K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 40.960 | 0.000% | $8K | $285K | 10x | as long as short |
Gate SMCI_USDT
Phemex SMCIUSDT
Injective SMCI/USDC PERP
Bitget SMCIUSDT
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Variational Omni SMCI
BloFin SMCI-USDT
Binance SMCIUSDT
Lighter RH SMCI
Extended SMCI-USD
SoDEX SMCI-USD
Paragon para:SMCI
GRVT SMCI_USDT_Perp
KuCoin SMCIUSDTM
HTX SMCI-USDT