Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.009%

Price spread now: KuCoin against Extended−0.020%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 KuCoin

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 pays, the price is against you. KuCoin is 0.020% cheaper against Extended than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SMCI-USD	40.918	0	get 0.0000% / 1h	56m 14s	$573	—	10x
Short	KuCoin SMCIUSDTM	40.910	0.0100	get 0.0100% / 8h	56m 14s	$459K	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.020%Rate

Funding earned: $21
Price spread: −0.020% → 0.000%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.96
Costs to cover: 0.170%
Break-even: 6.3 days

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 47 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 KuCoin live order book, 47 min ago	9.76 bp	171.8 bp −$172	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 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	−0.802%	$4K	$87	12x	as long as short
Bitget SMCIUSDT	−0.0166%	8h	40.915	−0.008%	$1.3M	$506K	20x	as long as short
Extended SMCI-USDlong	0.0000%	1h	40.918	long leg	$573	—	10x
Binance SMCIUSDT	0.0000%	8h	40.930	+0.029%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.900	−0.045%	$996K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.880	−0.094%	$677K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.890	−0.069%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.953	+0.084%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.910	−0.020%	$1.6M	$260K	10x	as long as short
BloFin SMCI-USDT	+0.0005%	8h	40.990	+0.175%	$80K	$9K	20x	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	40.917	−0.003%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.920	+0.004%	$128	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0063%	8h	40.970	+0.126%	$255	$168K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.920	+0.004%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTMshort	+0.0100%	8h	40.910	−0.020%	$459K	$501K	20x
HTX SMCI-USDT	+0.0100%	8h	40.880	−0.094%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0384%	1h	40.896	−0.054%	$157K	$266K	10x	as long as short