Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.012%

Price spread now: BloFin against Extended+0.131%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. BloFin is 0.131% dearer against Extended than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SMCI-USD	40.896	0	get 0.0000% / 1h	50m 58s	$573	—	10x
Short	BloFin SMCI-USDT	40.950	−0.0024	pay 0.0024% / 8h	50m 58s	$80K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$5.1
Price spread: +0.131% → 0.000%: $13.11
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.99
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; BloFin: 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 Extended no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Extended and BloFin: 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	40.570	−0.798%	$4K	$88	12x	as long as short
Bitget SMCIUSDT	−0.0168%	8h	40.891	−0.013%	$1.3M	$506K	20x	as long as short
BloFin SMCI-USDTshort	−0.0024%	8h	40.950	+0.131%	$80K	$9K	20x
Extended SMCI-USDlong	0.0000%	1h	40.896	long leg	$573	—	10x
Binance SMCIUSDT	0.0000%	8h	40.907	+0.026%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.880	−0.040%	$996K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.890	−0.016%	$678K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.880	−0.040%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.932	+0.088%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.910	+0.033%	$1.6M	$259K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.888	−0.021%	$37K	$10K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.890	−0.016%	$130	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0060%	8h	40.920	+0.058%	$540	$169K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.920	+0.058%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.860	−0.089%	$459K	$504K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.910	+0.033%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0376%	1h	40.885	−0.028%	$157K	$266K	10x	as long as short