SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bitget against HTX+0.070%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1391.389% of the position

Long on HTX Short on Bitget

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)−0.082%−$8 · spread now +0.070%, 7d avg −0.028%

Together, before fees−0.292%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.098% dearer against HTX than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.028%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	41.370	0.0100	pay 0.0100% / 8h	38m 04s	$8K	$284K	10x
Short	Bitget SMCIUSDT	41.399	0	get 0.0000% / 8h	38m 04s	$1.3M	$533K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$21
Price spread: +0.070% → −0.028%: $9.83
Slippage, 4 orders: −$114.89
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$150.05
Costs to cover: 1.389%
Break-even: never at this rate

Slippage from HTX: live order book, 39 min ago; Bitget: live order book, 3 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 HTX live order book, 39 min ago	21.76 bp	49.5 bp −$50	84.4 bp −$844	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.09 bp	41.7 bp −$42	49.1 bp −$491	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	41.000	−0.894%	$4K	$96	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.390	+0.048%	$1.0M	$670K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.430	+0.145%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.390	+0.048%	$1.6M	$1.8M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.399	+0.070%	$1.3M	$533K	20x
Phemex SMCIUSDT	0.0000%	8h	41.420	+0.121%	$1.6M	$265K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.407	+0.089%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.410	+0.097%	$1.1M	$2.3M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.380	+0.024%	$159K	$265K	10x	as long as short
SoDEX SMCI-USD	+0.0069%	1h	41.420	+0.121%	$124	$3K	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	41.390	+0.048%	$461K	$540K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	41.370	long leg	$8K	$284K	10x
Variational Omni SMCI	+0.0102%	8h	41.435	+0.157%	$96K	$110K	—	as long as short
BloFin SMCI-USDT	+0.0228%	8h	41.410	+0.097%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0256%	1h	41.428	+0.141%	$578	$10K	10x	as long as short
Binance SMCIUSDT	+0.0258%	8h	41.435	+0.158%	$3.4M	$5.5M	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0404%	8h	41.408	+0.093%	$749	$157K	10x	as long as short