SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bitget against HTX−0.049%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2092.094% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.049%, 7d avg −0.028%

Together, before fees−0.225%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.021% cheaper against HTX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	41.200	0.0100	pay 0.0100% / 8h	2h 54m	$8K	$285K	10x
Short	Bitget SMCIUSDT	41.180	0	get 0.0000% / 8h	2h 54m	$1.3M	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$21
Price spread: −0.049% → −0.028%: −$2.06
Slippage, 4 orders: −$185.42
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$232.48
Costs to cover: 2.094%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; Bitget: live order book, 2 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 HTX live order book, 58 min ago	20.52 bp	33.2 bp −$33	68.2 bp −$682	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.76 bp	119.2 bp −$119	194.1 bp −$1,941	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	40.800	−0.971%	$4K	$89	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.120	−0.194%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	−0.049%	$687K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.160	−0.097%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.180	−0.049%	$1.3M	$501K	20x
Variational Omni SMCI	0.0000%	8h	41.183	−0.042%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.190	−0.024%	$1.6M	$258K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.153	−0.114%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0045%	8h	41.126	−0.181%	$223	$164K	10x	as long as short
QFEX SMCI-USD	+0.0056%	1h	41.180	−0.049%	$1.1M	$1.8M	10x	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	41.115	−0.207%	$158K	$265K	10x	as long as short
Extended SMCI-USD	+0.0072%	1h	41.179	−0.051%	$576	$10K	10x	as long as short
Binance SMCIUSDT	+0.0072%	8h	41.189	−0.026%	$3.4M	$5.3M	20x	as long as short
BloFin SMCI-USDT	+0.0078%	8h	41.190	−0.024%	$80K	$9K	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.120	−0.194%	$460K	$469K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	41.200	long leg	$8K	$285K	10x
SoDEX SMCI-USD	+0.0323%	1h	41.170	−0.073%	$149	$3K	10x	as long as short