SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.4% APRnext payment −$1.50 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Phemex−0.051%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$329as in the Funding arb table

Net, price: spread back to 7d avg − costs−$335as in the Price arb table

costs, in and out, $10k−$3293.290% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.051%, 7d avg +0.013%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.064% cheaper against Phemex than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SMCIUSDT	40.950	0	get 0.0000% / 8h	2h 24m	$1.6M	$259K	10x
Short	Bitget SMCIUSDT	40.929	−0.0150	pay 0.0150% / 8h	2h 24m	$1.3M	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$31.5
Price spread: −0.051% → +0.013%: −$6.4
Slippage, 4 orders: −$304.95
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$366.85
Costs to cover: 3.290%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Bitget: live order book, 2 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 Phemex live order book, 4 min ago	2.44 bp	44.4 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.03 bp	219.5 bp −$219	388.6 bp −$3,886	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	40.600	−0.855%	$4K	$91	12x	as long as short
Bitget SMCIUSDTshort	−0.0150%	8h	40.929	−0.051%	$1.3M	$501K	20x
Bybit SMCIUSDT	0.0000%	8h	40.920	−0.073%	$996K	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.910	−0.098%	$679K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.920	−0.073%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.883	−0.163%	$116K	$130K	—	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	40.950	long leg	$1.6M	$259K	10x
Lighter RH SMCI	+0.0032%	1h	40.919	−0.076%	$32K	$5K	10x	as long as short
Extended SMCI-USD	+0.0048%	1h	40.936	−0.035%	$573	$9K	10x	as long as short
Binance SMCIUSDT	+0.0050%	8h	40.950	0.000%	$3.4M	$5.3M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	40.920	−0.073%	$150	$3K	10x	as long as short
QFEX SMCI-USD	+0.0056%	1h	40.900	−0.122%	$1.1M	$1.8M	10x	as long as short
BloFin SMCI-USDT	+0.0060%	8h	40.940	−0.024%	$79K	$9K	20x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.909	−0.101%	$157K	$266K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0073%	8h	40.990	+0.098%	$427	$166K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.910	−0.098%	$457K	$465K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.950	0.000%	$8K	$285K	10x	as long as short