Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.037%

Price spread now: Extended against Gate+0.026%7-day average — · you sell dearer than you buy

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

Long on Gate 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.026% dearer against Gate 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	Gate SMCI_USDT	41.220	0	get 0.0000% / 8h	3h 13m	$1.5M	$1.6M	20x
Short	Extended SMCI-USD	41.231	0.0088	get 0.0011% / 1h	13m 46s	$576	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.026%Rate

Funding earned: $18.48
Price spread: +0.026% → 0.000%: $2.62
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.1
Costs to cover: 0.200%
Break-even: 6.6 days

Slippage unknown: Gate: 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 Gate live order book, 4 min ago	12.14 bp	28.4 bp −$28	doesn't fit	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	40.820	−0.970%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.200	−0.049%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.270	+0.121%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	41.220	long leg	$1.5M	$1.6M	20x
Bitget SMCIUSDT	0.0000%	8h	41.228	+0.019%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.253	+0.080%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.250	+0.073%	$1.6M	$256K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.250	+0.073%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.222	+0.005%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0037%	8h	41.209	−0.028%	$186	$165K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	41.230	+0.024%	$143	$3K	10x	as long as short
Binance SMCIUSDT	+0.0084%	8h	41.246	+0.063%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USDshort	+0.0088%	1h	41.231	+0.026%	$576	$10K	10x
KuCoin SMCIUSDTM	+0.0100%	8h	41.180	−0.097%	$460K	$474K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.190	−0.073%	$8K	$285K	10x	as long as short
BloFin SMCI-USDT	+0.0105%	8h	41.280	+0.146%	$79K	$9K	20x	as long as short
Paragon para:SMCI	+0.0219%	1h	41.224	+0.010%	$158K	$265K	10x	as long as short