Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.039%

Price spread now: OKX against Extended−0.002%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 OKX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SMCI-USD	40.981	0.0032	pay 0.0004% / 1h	41m 01s	$576	—	10x
Short	OKX SMCI-USDT-SWAP	40.980	0	get 0.0000% / 8h	1h 41m	$684K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$6.72
Price spread: −0.002% → 0.000%: −$0.21
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.93
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; OKX: live order book, just now. 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 OKX live order book, just now	1.22 bp	38.9 bp −$39	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	40.640	−0.832%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0132%	8h	41.014	+0.081%	$1.3M	$466K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.960	−0.051%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAPshort	0.0000%	8h	40.980	−0.002%	$684K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	40.980	−0.002%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.993	+0.029%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.980	−0.002%	$1.6M	$263K	10x	as long as short
Binance SMCIUSDT	+0.0032%	8h	40.990	+0.022%	$3.4M	$5.4M	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.993	+0.030%	$32K	$5K	10x	as long as short
Extended SMCI-USDlong	+0.0032%	1h	40.981	long leg	$576	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	40.980	−0.002%	$134	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0056%	8h	41.030	+0.120%	$80K	$9K	20x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.980	−0.002%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0079%	8h	41.010	+0.071%	$584	$169K	10x	as long as short
Paragon para:SMCI	+0.0079%	1h	40.962	−0.045%	$157K	$266K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.960	−0.051%	$459K	$486K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.000	+0.047%	$8K	$285K	10x	as long as short