Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX−0.122%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$629as in the Funding arb table

Net, price: spread back to 7d avg − costs−$622as in the Price arb table

costs, in and out, $10k−$6206.202% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.122%, 7d avg −0.101%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.021% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	40.990	0.0100	pay 0.0100% / 8h	1h 14m	$8K	$286K	10x
Short	KuCoin SMCIUSDTM	40.940	0.0100	get 0.0100% / 8h	1h 14m	$459K	$492K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.101%: −$2.13
Slippage, 4 orders: −$596.18
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$622.31
Costs to cover: 6.202%
Break-even: never at this rate

Slippage from HTX: live order book, 28 min ago; KuCoin: live order book, 29 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, 28 min ago	20.73 bp	38.2 bp −$38	72.3 bp −$723	doesn't fit	doesn't fit
Sell KuCoin live order book, 29 min ago	9.76 bp	171.8 bp −$172	doesn't fit	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	40.530	−1.122%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0170%	8h	40.988	−0.005%	$1.3M	$503K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.970	−0.049%	$998K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.990	0.000%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.980	−0.024%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.973	−0.042%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.990	0.000%	$1.6M	$261K	10x	as long as short
Extended SMCI-USD	+0.0008%	1h	40.971	−0.046%	$573	—	10x	as long as short
Binance SMCIUSDT	+0.0011%	8h	40.989	−0.003%	$3.4M	$5.3M	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.973	−0.041%	$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
BloFin SMCI-USDT	+0.0037%	8h	41.040	+0.122%	$79K	$9K	20x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.980	−0.024%	$129	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.959	−0.076%	$157K	$266K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0071%	8h	40.970	−0.048%	$608	$169K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.990	0.000%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTMshort	+0.0100%	8h	40.940	−0.122%	$459K	$492K	20x
HTX SMCI-USDTlong	+0.0100%	8h	40.990	long leg	$8K	$286K	10x