Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: GRVT against Extended+0.047%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 GRVT

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 · GRVT: 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: GRVT is 0.047% dearer against Extended than usual: you sell high and buy low, +$5 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	40.340	0	get 0.0000% / 1h	28m 49s	$566	—	10x
Short	GRVT SMCI_USDT_Perp	40.359	0	get 0.0000% / 8h	7h 28m	$517	$169K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → 0.000%: $4.69
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.31
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; GRVT: live order book, 64 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 GRVT live order book, 64 min ago	3.66 bp	30.8 bp −$31	65.7 bp −$657	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	40.460	+0.298%	$4K	$86	12x	as long as short
Bitget SMCIUSDT	−0.0081%	8h	40.351	+0.028%	$1.3M	$487K	20x	as long as short
Extended SMCI-USDlong	0.0000%	1h	40.340	long leg	$566	—	10x
Binance SMCIUSDT	0.0000%	8h	40.370	+0.075%	$3.3M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.330	−0.024%	$984K	$299K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.350	+0.026%	$666K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.330	−0.024%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.378	+0.096%	$149K	$160K	—	as long as short
GRVT SMCI_USDT_Perpshort	0.0000%	8h	40.359	+0.047%	$517	$169K	10x
Phemex SMCIUSDT	0.0000%	8h	40.350	+0.026%	$1.6M	$258K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0023%	8h	40.350	+0.026%	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.339	−0.002%	$39K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.340	+0.001%	$136	$3K	10x	as long as short
QFEX SMCI-USD	+0.0054%	1h	40.340	+0.001%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.380	+0.100%	$454K	$541K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.330	−0.024%	$8K	$288K	10x	as long as short
Paragon para:SMCI	+0.0715%	1h	40.380	+0.099%	$155K	$241K	10x	as long as short