Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%

Price spread now: Bybit against Extended−0.036%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 Bybit

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: Bybit is 0.036% cheaper against Extended than usual: you would sell low and buy high, −$4 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	40.945	0	get 0.0000% / 1h	5m 09s	$573	—	10x
Short	Bybit SMCIUSDT	40.930	0	get 0.0000% / 8h	1h 05m	$997K	$293K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 45 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 Bybit live order book, 45 min ago	4.87 bp	92.7 bp −$93	218.9 bp −$2,189	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	40.590	−0.866%	$4K	$92	12x	as long as short
Bitget SMCIUSDT	−0.0154%	8h	40.985	+0.099%	$1.3M	$502K	20x	as long as short
BloFin SMCI-USDT	−0.0018%	8h	41.010	+0.160%	$79K	$9K	20x	as long as short
Extended SMCI-USDlong	0.0000%	1h	40.945	long leg	$573	—	10x
Binance SMCIUSDT	0.0000%	8h	40.959	+0.035%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	40.930	−0.036%	$997K	$293K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	40.990	+0.111%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.950	+0.013%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.993	+0.118%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.970	+0.062%	$1.6M	$260K	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	40.912	−0.080%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.950	+0.013%	$129	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0058%	8h	41.014	+0.168%	$266	$169K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.928	−0.040%	$157K	$266K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.950	+0.013%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.910	−0.084%	$460K	$496K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.970	+0.062%	$8K	$286K	10x	as long as short