SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: HTX against Bybit−0.049%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$1971.972% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.049%, 7d avg +0.039%

Together, before fees+0.387%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.088% cheaper against Bybit than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.039%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.220	0	get 0.0000% / 8h	3h 16m	$1.0M	$306K	25x
Short	HTX SMCI-USDT	41.200	0.0100	get 0.0100% / 8h	3h 16m	$8K	$286K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $21
Price spread: −0.049% → +0.039%: −$8.75
Slippage, 4 orders: −$174.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$184.94
Costs to cover: 1.972%
Break-even: 68.6 days

Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 35 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 Bybit live order book, 4 min ago	6.07 bp	39.2 bp −$39	200.0 bp −$2,000	doesn't fit	doesn't fit
Sell HTX live order book, 35 min ago	20.52 bp	45.9 bp −$46	81.4 bp −$814	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	40.820	−0.970%	$4K	$92	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.220	long leg	$1.0M	$306K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	−0.097%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.200	−0.049%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.217	−0.007%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.128%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.220	0.000%	$1.6M	$255K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.210	−0.024%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.245	+0.061%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0036%	8h	41.240	+0.050%	$325	$164K	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	41.190	−0.073%	$145	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0054%	8h	41.210	−0.024%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0079%	8h	41.270	+0.122%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0080%	1h	41.213	−0.017%	$576	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.170	−0.121%	$459K	$474K	20x	as long as short
HTX SMCI-USDTshort	+0.0100%	8h	41.200	−0.049%	$8K	$286K	10x
Paragon para:SMCI	+0.0224%	1h	41.226	+0.015%	$158K	$265K	10x	as long as short