SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.34 per $10,000 · paid last 24h −0.021%

Price spread now: HTX against GRVT+0.049%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1551.550% of the position

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.049%, 7d avg +0.015%

Together, before fees+0.064%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.033% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SMCI_USDT_Perp	41.210	0.0066	pay 0.0066% / 8h	2h 46m	$483	$165K	10x
Short	HTX SMCI-USDT	41.230	0.0100	get 0.0100% / 8h	2h 46m	$8K	$284K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GRVT. 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 GRVTbpFee HTXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $7.14
Price spread: +0.049% → +0.015%: $3.33
Slippage, 4 orders: −$133.95
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$144.48
Costs to cover: 1.550%
Break-even: 148.6 days

Slippage from GRVT: live order book, 61 min ago; HTX: live order book, 65 min ago.

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 GRVT live order book, 61 min ago	4.83 bp	54.6 bp −$55	128.0 bp −$1,280	doesn't fit	doesn't fit
Sell HTX live order book, 65 min ago	20.52 bp	45.9 bp −$46	81.4 bp −$814	doesn't fit	doesn't fit

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	−1.165%	$4K	$90	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.160	−0.121%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.190	−0.049%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.170	−0.097%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.181	−0.070%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.223	+0.031%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.180	−0.073%	$1.6M	$258K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.169	−0.099%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0056%	1h	41.190	−0.049%	$1.1M	$1.8M	10x	as long as short
BloFin SMCI-USDT	+0.0058%	8h	41.220	+0.024%	$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
Paragon para:SMCI	+0.0060%	1h	41.139	−0.173%	$158K	$265K	10x	as long as short
GRVT SMCI_USDT_Perplong	+0.0066%	8h	41.210	long leg	$483	$165K	10x
Binance SMCIUSDT	+0.0075%	8h	41.190	−0.049%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0080%	1h	41.179	−0.075%	$576	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.150	−0.146%	$460K	$468K	20x	as long as short
HTX SMCI-USDTshort	+0.0100%	8h	41.230	+0.049%	$8K	$284K	10x
SoDEX SMCI-USD	+0.0103%	1h	41.170	−0.097%	$151	$3K	10x	as long as short