Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.035%

Price spread now: Extended against Bitget+0.025%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.025% dearer against Bitget than usual: you sell high and buy low: +$3 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	Bitget SMCIUSDT	41.522	0	get 0.0000% / 8h	5h 02m	$1.3M	$504K	20x
Short	Extended SMCI-USD	41.533	0.0200	get 0.0025% / 1h	2m 25s	$580	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now +0.025%Rate

Funding earned: $42
Price spread: +0.025% → 0.000%: $2.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $27.55
Costs to cover: 0.170%
Break-even: 2.4 days

Slippage unknown: Bitget: live order book, 4 min ago; Extended: 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 Bitget live order book, 4 min ago	3.85 bp	17.9 bp −$18	24.6 bp −$246	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	41.140	−0.920%	$4K	$96	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.520	−0.005%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.560	+0.092%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.530	+0.019%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDTlong	0.0000%	8h	41.522	long leg	$1.3M	$504K	20x
Phemex SMCIUSDT	0.0000%	8h	41.540	+0.043%	$1.6M	$249K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.533	+0.026%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.540	+0.043%	$1.1M	$2.0M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.530	+0.019%	$144	$3K	10x	as long as short
Variational Omni SMCI	+0.0071%	8h	41.552	+0.072%	$98K	$110K	—	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	41.510	−0.029%	$463K	$478K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.510	−0.029%	$8K	$284K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0179%	8h	41.570	+0.116%	$489	$156K	10x	as long as short
Binance SMCIUSDT	+0.0193%	8h	41.550	+0.067%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USDshort	+0.0200%	1h	41.533	+0.025%	$580	$10K	10x
BloFin SMCI-USDT	+0.0222%	8h	41.550	+0.067%	$33K	$9K	20x	as long as short
Paragon para:SMCI	+0.1258%	1h	41.500	−0.053%	$159K	$265K	10x	as long as short