Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.034%

Price spread now: Gate against Extended−0.022%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 Gate

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.022% cheaper against Extended than usual: you would sell low and buy high (−$2 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	41.549	0.0216	pay 0.0027% / 1h	18m 43s	$583	$10K	10x
Short	Gate SMCI_USDT	41.540	0	get 0.0000% / 8h	6h 18m	$1.6M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: −$45.36
Price spread: −0.022% → 0.000%: −$2.16
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$67.52
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Gate: 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 Gate live order book, 4 min ago	8.43 bp	29.0 bp −$29	doesn't fit	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 16 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	41.040	−1.225%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.530	−0.046%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.560	+0.027%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDTshort	0.0000%	8h	41.540	−0.022%	$1.6M	$1.6M	20x
Bitget SMCIUSDT	0.0000%	8h	41.541	−0.019%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.570	+0.051%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.548	−0.002%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.550	+0.002%	$1.1M	$2.2M	10x	as long as short
Variational Omni SMCI	+0.0059%	8h	41.572	+0.056%	$98K	$110K	—	as long as short
SoDEX SMCI-USD	+0.0070%	1h	41.550	+0.002%	$144	$3K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.520	−0.070%	$462K	$502K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.570	+0.051%	$8K	$286K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0189%	8h	41.590	+0.099%	$672	$154K	10x	as long as short
Extended SMCI-USDlong	+0.0216%	1h	41.549	long leg	$583	$10K	10x
Binance SMCIUSDT	+0.0216%	8h	41.560	+0.027%	$3.4M	$5.2M	20x	as long as short
Paragon para:SMCI	+0.1292%	1h	41.510	−0.094%	$159K	$265K	10x	as long as short