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: HTX against Phemex0.000%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1971.967% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now 0.000%, 7d avg +0.041%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.041% cheaper against Phemex than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.041%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SMCIUSDT	41.690	0	get 0.0000% / 8h	7h 47m	$1.6M	$254K	10x
Short	HTX SMCI-USDT	41.690	0.0100	get 0.0100% / 8h	7h 47m	$8K	$284K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → +0.041%: −$4.12
Slippage, 4 orders: −$172.67
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$179.79
Costs to cover: 1.967%
Break-even: 66.9 days

Slippage from Phemex: live order book, 5 min ago; HTX: live order book, 24 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 Phemex live order book, 5 min ago	8.41 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 24 min ago	14.49 bp	39.8 bp −$40	109.9 bp −$1,099	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	41.170	−1.247%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.670	−0.048%	$1.0M	$665K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.700	+0.024%	$695K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.670	−0.048%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.658	−0.077%	$1.3M	$512K	20x	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	41.690	long leg	$1.6M	$254K	10x
QFEX SMCI-USD	+0.0023%	1h	41.640	−0.120%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.647	−0.103%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0050%	8h	41.614	−0.183%	$97K	$109K	—	as long as short
Paragon para:SMCI	+0.0060%	1h	41.660	−0.072%	$160K	$265K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.620	−0.168%	$464K	$531K	20x	as long as short
HTX SMCI-USDTshort	+0.0100%	8h	41.690	0.000%	$8K	$284K	10x
GRVT SMCI_USDT_Perp	+0.0149%	8h	41.574	−0.278%	$748	$156K	10x	as long as short
BloFin SMCI-USDT	+0.0194%	8h	41.630	−0.144%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0208%	1h	41.696	+0.013%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0212%	8h	41.711	+0.051%	$3.4M	$5.2M	20x	as long as short
SoDEX SMCI-USD	+0.0361%	1h	41.680	−0.024%	$121	$3K	10x	as long as short