Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.005%

Price spread now: Extended against Binance−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.041% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.261	0.0085	pay 0.0085% / 8h	3h 25m	$3.4M	$5.2M	20x
Short	Extended SMCI-USD	41.244	0.0088	get 0.0011% / 1h	25m 17s	$579	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.63
Price spread: −0.041% → 0.000%: −$4.12
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.48
Costs to cover: 0.150%
Break-even: 211.0 days

Slippage unknown: Binance: live order book, 12 min ago; Extended: no order-book sample. Net counts fees only.

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 Binance live order book, 12 min ago	2.43 bp	16.2 bp −$16	46.5 bp −$465	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	40.820	−1.069%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.220	−0.100%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.270	+0.021%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.220	−0.100%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.226	−0.085%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.237	−0.058%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.270	+0.021%	$1.6M	$250K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.230	−0.076%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.223	−0.092%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0036%	8h	41.300	+0.094%	$456	$163K	10x	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	41.250	−0.027%	$149	$3K	10x	as long as short
Binance SMCIUSDTlong	+0.0085%	8h	41.261	long leg	$3.4M	$5.2M	20x
BloFin SMCI-USDT	+0.0087%	8h	41.270	+0.021%	$79K	$9K	20x	as long as short
Extended SMCI-USDshort	+0.0088%	1h	41.244	−0.041%	$579	$10K	10x
KuCoin SMCIUSDTM	+0.0100%	8h	41.200	−0.148%	$460K	$477K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.280	+0.046%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0277%	1h	41.199	−0.151%	$158K	$265K	10x	as long as short