Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.055%
Price spread now: KuCoin against Paragon+0.019%50s7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$624as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$6086.081% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.019%, 7d avg −0.079%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.098% dearer against Paragon than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:SMCI | 40.932 | 0.0060 | pay 0.0008% / 1h | 23m 56s | $157K | $266K | 10x |
| Short | KuCoin SMCIUSDTM | 40.940 | 0.0100 | get 0.0100% / 8h | 1h 23m | $460K | $488K | 20x |
Paragon para:SMCI
KuCoin SMCIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Paragon. 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
- $8.4
- Price spread: +0.019% → −0.079%
- $9.77
- Slippage, 4 orders
- −$586.12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$589.95
- Costs to cover
- 6.081%
- Break-even
- 498.6 days
Slippage from Paragon: live order book, 42 min ago; KuCoin: live order book, 20 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 Paragon live order book, 42 min ago | 28.73 bp | 33.9 bp −$34 | 134.4 bp −$1,344 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 9.76 bp | 171.8 bp −$172 | 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 | 40.530 | −0.983% | $4K | $90 | 12x | as long as short |
| Bitget SMCIUSDT | −0.0185% | 8h | 40.966 | +0.083% | $1.3M | $502K | 20x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 40.960 | +0.068% | $997K | $293K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 40.950 | +0.043% | $683K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 40.960 | +0.068% | $1.5M | $1.4M | 20x | as long as short |
| Variational Omni SMCI | 0.0000% | 8h | 40.973 | +0.099% | $116K | $127K | — | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 40.980 | +0.117% | $1.6M | $261K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0010% | 8h | 41.000 | +0.166% | $80K | $9K | 20x | as long as short |
| Binance SMCIUSDT | +0.0015% | 8h | 40.987 | +0.133% | $3.4M | $5.3M | 20x | as long as short |
| Extended SMCI-USD | +0.0016% | 1h | 40.974 | +0.101% | $573 | — | 10x | as long as short |
Injective SMCI/USDC PERP
Bitget SMCIUSDT
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Variational Omni SMCI
Phemex SMCIUSDT
BloFin SMCI-USDT
Binance SMCIUSDT
Extended SMCI-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SMCI | +0.0032% | 1h | 40.943 | +0.026% | $32K | $5K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 40.980 | +0.117% | $130 | $3K | 10x | as long as short |
| Paragon para:SMCIlong | +0.0060% | 1h | 40.932 | long leg | $157K | $266K | 10x | |
| QFEX SMCI-USD | +0.0075% | 1h | 40.980 | +0.117% | $1.1M | $1.8M | 10x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0077% | 8h | 40.960 | +0.068% | $272 | $168K | 10x | as long as short |
| KuCoin SMCIUSDTMshort | +0.0100% | 8h | 40.940 | +0.019% | $460K | $488K | 20x | |
| HTX SMCI-USDT | +0.0100% | 8h | 41.000 | +0.166% | $8K | $285K | 10x | as long as short |
Lighter RH SMCI
SoDEX SMCI-USD
QFEX SMCI-USD
GRVT SMCI_USDT_Perp
HTX SMCI-USDT