Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0500%/8h= −54.7% APRpaid last 24h −0.011%

Price spread now: HTX against Extended+0.033%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 HTX

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

The price spread pays, funding is against you. HTX is 0.033% dearer against Extended than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SMCI-USD	41.146	0.0600	pay 0.0075% / 1h	45m 59s	$577	—	10x
Short	HTX SMCI-USDT	41.160	0.0100	get 0.0100% / 8h	5h 45m	$8K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$105
Price spread: +0.033% → 0.000%: $3.3
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$118.7
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; HTX: 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 HTX live order book, 64 min ago	20.75 bp	46.2 bp −$46	81.8 bp −$818	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 exchanges

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	40.650	−1.206%	$4K	$80	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.170	+0.057%	$1.0M	$297K	25x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.170	+0.057%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.166	+0.048%	$1.3M	$473K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.190	+0.106%	$1.6M	$264K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.190	+0.106%	$40K	$14K	10x	as long as short
OKX SMCI-USDT-SWAP	+0.0038%	8h	41.190	+0.106%	$674K	$1.1M	20x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.190	+0.106%	$158K	$240K	10x	as long as short
QFEX SMCI-USD	+0.0080%	1h	41.220	+0.179%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.190	+0.106%	$462K	$626K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDTshort	+0.0100%	8h	41.160	+0.033%	$8K	$292K	10x
SoDEX SMCI-USD	+0.0278%	1h	41.180	+0.082%	$131	$3K	10x	as long as short
Variational Omni SMCI	+0.0446%	8h	41.289	+0.348%	$151K	$160K	—	as long as short
BloFin SMCI-USDT	+0.0577%	8h	41.240	+0.227%	$80K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0597%	8h	41.160	+0.033%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USDlong	+0.0600%	1h	41.146	long leg	$577	—	10x
GRVT SMCI_USDT_Perp	+0.1720%	8h	41.280	+0.325%	$522	$164K	10x	as long as short