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: Phemex against HTX+0.098%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1681.683% of the position

Long on HTX Short on Phemex

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)−0.132%−$13 · spread now +0.098%, 7d avg −0.040%

Together, before fees−0.342%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.137% dearer against HTX than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.040%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	40.830	0.0100	pay 0.0100% / 8h	16m 05s	$8K	$287K	10x
Short	Phemex SMCIUSDT	40.870	0	get 0.0000% / 8h	16m 05s	$1.6M	$260K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$21
Price spread: +0.098% → −0.040%: $13.75
Slippage, 4 orders: −$144.25
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$175.5
Costs to cover: 1.683%
Break-even: never at this rate

Slippage from HTX: live order book, 21 min ago; Phemex: 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, 21 min ago	20.75 bp	37.9 bp −$38	72.6 bp −$726	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.45 bp	43.4 bp −$43	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	40.550	−0.686%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0163%	8h	40.865	+0.086%	$1.3M	$501K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.860	+0.074%	$573	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.870	+0.098%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.860	+0.073%	$995K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.820	−0.024%	$674K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.850	+0.049%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.873	+0.105%	$124K	$134K	—	as long as short
Phemex SMCIUSDTshort	0.0000%	8h	40.870	+0.098%	$1.6M	$260K	10x
BloFin SMCI-USDT	0.0000%	8h	40.940	+0.269%	$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
Lighter RH SMCI	+0.0032%	1h	40.840	+0.024%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.860	+0.073%	$132	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0067%	8h	40.897	+0.165%	$677	$170K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.870	+0.098%	$1.1M	$1.7M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.850	+0.049%	$459K	$514K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	40.830	long leg	$8K	$287K	10x
Paragon para:SMCI	+0.0190%	1h	40.855	+0.062%	$157K	$266K	10x	as long as short