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: HTX against KuCoin+0.217%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$494as in the Funding arb table

Net, price: spread back to 7d avg − costs−$492as in the Price arb table

costs, in and out, $10k−$5035.031% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.191%−$19 · spread now +0.217%, 7d avg +0.101%

Together, before fees−0.099%−$10 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: HTX is 0.116% dearer against KuCoin than usual: you sell high and buy low, +$12 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	KuCoin SMCIUSDTM	41.490	0.0100	pay 0.0100% / 8h	5h 50m	$462K	$499K	20x
Short	HTX SMCI-USDT	41.580	0.0100	get 0.0100% / 8h	5h 50m	$8K	$285K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now +0.217%Rate

Funding earned: $0
Price spread: +0.217% → +0.101%: $11.56
Slippage, 4 orders: −$479.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$491.52
Costs to cover: 5.031%
Break-even: never at this rate

Slippage from KuCoin: live order book, 47 min ago; HTX: live order book, 11 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 KuCoin live order book, 47 min ago	20.51 bp	219.2 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 11 min ago	24.07 bp	37.4 bp −$37	72.4 bp −$724	doesn't fit	doesn't fit

SMCI on 16 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	41.150	−0.819%	$4K	$93	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.510	+0.048%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.560	+0.169%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.520	+0.072%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.516	+0.063%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.530	+0.096%	$1.6M	$246K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.520	+0.072%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.510	+0.048%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.530	+0.096%	$141	$3K	10x	as long as short
Variational Omni SMCI	+0.0066%	8h	41.532	+0.101%	$98K	$110K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTMlong	+0.0100%	8h	41.490	long leg	$462K	$499K	20x
HTX SMCI-USDTshort	+0.0100%	8h	41.580	+0.217%	$8K	$285K	10x
GRVT SMCI_USDT_Perp	+0.0202%	8h	41.545	+0.133%	$29	$154K	10x	as long as short
Binance SMCIUSDT	+0.0205%	8h	41.520	+0.072%	$3.4M	$5.1M	20x	as long as short
Extended SMCI-USD	+0.0208%	1h	41.509	+0.045%	$580	$10K	10x	as long as short
Paragon para:SMCI	+0.1456%	1h	41.480	−0.024%	$159K	$265K	10x	as long as short