Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h −0.007%

Price spread now: Binance against Extended+0.031%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Binance

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: Binance is 0.031% dearer against Extended than usual: you sell high and buy low, +$3 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	Extended SMCI-USD	41.186	0.0680	pay 0.0085% / 1h	8m 42s	$577	—	10x
Short	Binance SMCIUSDT	41.199	0.0688	get 0.0688% / 8h	5h 08m	$3.4M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $1.61
Price spread: +0.031% → 0.000%: $3.07
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.32
Costs to cover: 0.150%
Break-even: 51.8 days

Slippage unknown: Extended: no order-book sample; Binance: live order book, 7 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	1.21 bp	13.1 bp −$13	38.2 bp −$382	doesn't fit	doesn't fit

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 exchanges

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	40.650	−1.301%	$4K	$80	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.180	−0.014%	$1.0M	$297K	25x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.160	−0.063%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.177	−0.022%	$1.3M	$438K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.190	+0.010%	$1.6M	$263K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.167	−0.046%	$40K	$14K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.136	−0.122%	$158K	$241K	10x	as long as short
QFEX SMCI-USD	+0.0080%	1h	41.190	+0.010%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.160	−0.063%	$461K	$660K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.180	−0.014%	$8K	$295K	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0108%	1h	41.180	−0.014%	$134	$3K	10x	as long as short
OKX SMCI-USDT-SWAP	+0.0124%	8h	41.180	−0.014%	$669K	$1.1M	20x	as long as short
Variational Omni SMCI	+0.0583%	8h	41.180	−0.013%	$151K	$159K	—	as long as short
Extended SMCI-USDlong	+0.0680%	1h	41.186	long leg	$577	—	10x
Binance SMCIUSDTshort	+0.0688%	8h	41.199	+0.031%	$3.4M	$5.3M	20x
BloFin SMCI-USDT	+0.0691%	8h	41.210	+0.059%	$80K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.1423%	8h	41.170	−0.039%	$571	$165K	10x	as long as short