Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.038%

Price spread now: Extended against Gate+0.019%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Extended

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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	41.000	0	get 0.0000% / 8h	2h 35m	$1.5M	$1.6M	20x
Short	Extended SMCI-USD	41.008	0.0072	get 0.0009% / 1h	35m 20s	$576	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.019%Rate

Funding earned: $15.12
Price spread: +0.019% → 0.000%: $1.86
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$3.02
Costs to cover: 0.200%
Break-even: 8.4 days

Slippage unknown: Gate: live order book, 2 min ago; Extended: no order-book sample. 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 Gate live order book, 2 min ago	18.27 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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	40.730	−0.659%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0041%	8h	41.001	+0.002%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.990	−0.024%	$997K	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.020	+0.049%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	41.000	long leg	$1.5M	$1.6M	20x
Variational Omni SMCI	0.0000%	8h	41.019	+0.045%	$116K	$130K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.010	+0.024%	$1.6M	$259K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.996	−0.010%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.000	0.000%	$152	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0052%	8h	41.030	+0.073%	$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
QFEX SMCI-USD	+0.0056%	1h	41.020	+0.049%	$1.1M	$1.8M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.991	−0.022%	$157K	$267K	10x	as long as short
Binance SMCIUSDT	+0.0069%	8h	41.022	+0.054%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USDshort	+0.0072%	1h	41.008	+0.019%	$576	$10K	10x
GRVT SMCI_USDT_Perp	+0.0079%	8h	41.040	+0.098%	$465	$166K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.990	−0.024%	$457K	$465K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.990	−0.024%	$8K	$285K	10x	as long as short