Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.038%

Price spread now: Extended against Bybit−0.008%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.180	0	get 0.0000% / 8h	6h 05m	$1.0M	$296K	25x
Short	Extended SMCI-USD	41.177	0.0376	get 0.0047% / 1h	5m 11s	$574	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.008%Rate

Funding earned: $78.96
Price spread: −0.008% → 0.000%: −$0.77
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $62.19
Costs to cover: 0.160%
Break-even: 1.5 days

Slippage unknown: Bybit: live order book, 43 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 Bybit live order book, 43 min ago	6.11 bp	27.8 bp −$28	310.6 bp −$3,106	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 exchanges

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
Bybit SMCIUSDTlong	0.0000%	8h	41.180	long leg	$1.0M	$296K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.160	−0.049%	$671K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.150	−0.073%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.160	−0.049%	$1.3M	$472K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.190	+0.024%	$1.6M	$260K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.162	−0.044%	$40K	$14K	10x	as long as short
Injective SMCI/USDC PERP	+0.0033%	1h	40.650	−1.287%	$4K	$84	12x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.145	−0.085%	$158K	$240K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	41.190	+0.024%	$1.1M	$1.7M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.090	−0.219%	$461K	$608K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDT	+0.0100%	8h	41.180	0.000%	$8K	$290K	10x	as long as short
Variational Omni SMCI	+0.0263%	8h	41.145	−0.084%	$151K	$160K	—	as long as short
BloFin SMCI-USDT	+0.0371%	8h	41.210	+0.073%	$80K	$9K	20x	as long as short
Extended SMCI-USDshort	+0.0376%	1h	41.177	−0.008%	$574	—	10x
Binance SMCIUSDT	+0.0380%	8h	41.170	−0.024%	$3.4M	$5.3M	20x	as long as short
SoDEX SMCI-USD	+0.0502%	1h	41.170	−0.024%	$134	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.1308%	8h	41.096	−0.205%	$22	$166K	10x	as long as short