Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.008%

Price spread now: SoDEX against HTX+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.024% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	41.170	0.0100	pay 0.0100% / 8h	2h 05m	$8K	$285K	10x
Short	SoDEX SMCI-USD	41.180	0.0132	get 0.0017% / 1h	5m 59s	$144	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $6.74
Price spread: +0.024% → 0.000%: $2.43
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.83
Costs to cover: 0.200%
Break-even: 18.3 days

Slippage unknown: HTX: live order book, 41 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 41 min ago	13.35 bp	36.6 bp −$37	70.9 bp −$709	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	40.630	−1.312%	$4K	$93	12x	as long as short
Bitget SMCIUSDT	−0.0160%	8h	41.160	−0.024%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.140	−0.073%	$1.0M	$292K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.190	+0.049%	$687K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.160	−0.024%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.183	+0.031%	$117K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.180	+0.024%	$1.6M	$262K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.174	+0.010%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0056%	1h	41.200	+0.073%	$1.1M	$1.8M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.116	−0.130%	$158K	$266K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SMCIUSDT	+0.0063%	8h	41.190	+0.049%	$3.4M	$5.4M	20x	as long as short
Extended SMCI-USD	+0.0064%	1h	41.178	+0.021%	$576	—	10x	as long as short
BloFin SMCI-USDT	+0.0075%	8h	41.180	+0.024%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0092%	8h	41.160	−0.024%	$103	$167K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.140	−0.073%	$461K	$472K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	41.170	long leg	$8K	$285K	10x
SoDEX SMCI-USDshort	+0.0132%	1h	41.180	+0.024%	$144	$3K	10x