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: OKX against HTX−0.073%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1361.358% of the position

Long on HTX Short on OKX

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)+0.043%+$4 · spread now −0.073%, 7d avg −0.046%

Together, before fees−0.167%−$17 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 OKX is 0.028% cheaper against HTX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	40.970	0.0100	pay 0.0100% / 8h	1h 29m	$8K	$285K	10x
Short	OKX SMCI-USDT-SWAP	40.940	0	get 0.0000% / 8h	1h 29m	$683K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$21
Price spread: −0.073% → −0.046%: −$2.76
Slippage, 4 orders: −$113.77
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$159.52
Costs to cover: 1.358%
Break-even: never at this rate

Slippage from HTX: live order book, 12 min ago; OKX: 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, 12 min ago	20.73 bp	38.2 bp −$38	72.3 bp −$723	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	6.11 bp	40.4 bp −$40	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	−1.074%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0190%	8h	40.974	+0.010%	$1.3M	$467K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.960	−0.024%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAPshort	0.0000%	8h	40.940	−0.073%	$683K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	40.960	−0.024%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.928	−0.103%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.960	−0.024%	$1.6M	$263K	10x	as long as short
Extended SMCI-USD	+0.0024%	1h	41.000	+0.074%	$573	—	10x	as long as short
Binance SMCIUSDT	+0.0025%	8h	41.010	+0.098%	$3.4M	$5.4M	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.976	+0.015%	$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	+0.0044%	8h	40.950	−0.049%	$79K	$9K	20x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.950	−0.049%	$129	$3K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.970	0.000%	$1.2M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0078%	8h	40.960	−0.024%	$505	$169K	10x	as long as short
Paragon para:SMCI	+0.0094%	1h	40.961	−0.021%	$157K	$266K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.950	−0.049%	$460K	$489K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	40.970	long leg	$8K	$285K	10x