SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h −0.002%

Price spread now: HTX against Binance+0.112%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1061.060% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.112%, 7d avg +0.036%

Together, before fees+0.198%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.075% dearer against Binance than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.036%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.157%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.514	0.0190	pay 0.0190% / 8h	5h 27m	$3.4M	$5.2M	20x
Short	HTX SMCI-USDT	41.560	0.0100	get 0.0100% / 8h	5h 27m	$8K	$285K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$18.94
Price spread: +0.112% → +0.036%: $7.53
Slippage, 4 orders: −$84.02
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$117.43
Costs to cover: 1.060%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; HTX: live order book, 34 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 Binance live order book, 10 min ago	1.20 bp	12.4 bp −$12	47.8 bp −$478	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	24.07 bp	37.4 bp −$37	72.4 bp −$724	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	41.130	−0.924%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.500	−0.033%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.520	+0.015%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.490	−0.057%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.515	+0.003%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.500	−0.033%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.499	−0.035%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.490	−0.057%	$1.1M	$2.1M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.500	−0.033%	$143	$3K	10x	as long as short
Variational Omni SMCI	+0.0055%	8h	41.551	+0.091%	$98K	$110K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.490	−0.057%	$462K	$487K	20x	as long as short
HTX SMCI-USDTshort	+0.0100%	8h	41.560	+0.112%	$8K	$285K	10x
GRVT SMCI_USDT_Perp	+0.0136%	8h	41.560	+0.112%	$152	$155K	10x	as long as short
BloFin SMCI-USDT	+0.0163%	8h	41.540	+0.064%	$80K	$9K	20x	as long as short
Binance SMCIUSDTlong	+0.0190%	8h	41.514	long leg	$3.4M	$5.2M	20x
Extended SMCI-USD	+0.0192%	1h	41.499	−0.036%	$580	$10K	10x	as long as short
Paragon para:SMCI	+0.1340%	1h	41.500	−0.033%	$159K	$265K	10x	as long as short