Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.038%

Price spread now: Bitget against Extended−0.052%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Bitget

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.052% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SMCI-USD	41.158	0.0040	pay 0.0005% / 1h	12m 18s	$576	—	10x
Short	Bitget SMCIUSDT	41.137	−0.0170	pay 0.0170% / 8h	2h 12m	$1.3M	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$44.1
Price spread: −0.052% → 0.000%: −$5.22
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.32
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	6.22 bp	47.6 bp −$48	327.2 bp −$3,272	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 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	−1.357%	$4K	$91	12x	as long as short
Bitget SMCIUSDTshort	−0.0170%	8h	41.137	−0.052%	$1.3M	$501K	20x
Bybit SMCIUSDT	0.0000%	8h	41.080	−0.191%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.160	+0.004%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.110	−0.118%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.028	−0.316%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.100	−0.142%	$1.6M	$260K	10x	as long as short
BloFin SMCI-USDT	+0.0026%	8h	41.100	−0.142%	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.116	−0.103%	$32K	$5K	10x	as long as short
Extended SMCI-USDlong	+0.0040%	1h	41.158	long leg	$576	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SMCIUSDT	+0.0047%	8h	41.170	+0.028%	$3.4M	$5.3M	20x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.110	−0.118%	$150	$3K	10x	as long as short
QFEX SMCI-USD	+0.0056%	1h	41.150	−0.021%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0057%	8h	41.037	−0.294%	$113	$167K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.060	−0.239%	$158K	$266K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.070	−0.215%	$460K	$471K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.180	+0.052%	$8K	$285K	10x	as long as short