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: Bybit against HTX−0.266%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2192.188% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.266%, 7d avg −0.039%

Together, before fees−0.072%−$7 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 Bybit is 0.227% cheaper against HTX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	41.380	0.0100	pay 0.0100% / 8h	3h 29m	$8K	$285K	10x
Short	Bybit SMCIUSDT	41.270	0	get 0.0000% / 8h	3h 29m	$1.0M	$307K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.266%Rate

Funding earned: −$21
Price spread: −0.266% → −0.039%: −$22.68
Slippage, 4 orders: −$195.76
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$262.44
Costs to cover: 2.188%
Break-even: never at this rate

Slippage from HTX: live order book, 22 min ago; Bybit: live order book, 1 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, 22 min ago	20.52 bp	33.2 bp −$33	68.2 bp −$682	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.84 bp	115.3 bp −$115	236.4 bp −$2,364	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	40.820	−1.353%	$4K	$92	12x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	41.270	−0.266%	$1.0M	$307K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.350	−0.072%	$687K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.290	−0.217%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.296	−0.203%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.288	−0.223%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.320	−0.145%	$1.6M	$250K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0025%	8h	41.264	−0.280%	$456	$163K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.320	−0.145%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.291	−0.215%	$32K	$5K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	41.300	−0.193%	$149	$3K	10x	as long as short
Binance SMCIUSDT	+0.0088%	8h	41.339	−0.098%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.318	−0.150%	$579	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.270	−0.266%	$461K	$477K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	41.380	long leg	$8K	$285K	10x
BloFin SMCI-USDT	+0.0112%	8h	41.290	−0.217%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.0291%	1h	41.267	−0.273%	$158K	$265K	10x	as long as short