Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX−0.218%51s7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$607as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5985.981% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.218%, 7d avg −0.101%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.117% cheaper against HTX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.101%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	41.250	0.0100	pay 0.0100% / 8h	3h 37m	$8K	$285K	10x
Short	KuCoin SMCIUSDTM	41.160	0.0100	get 0.0100% / 8h	3h 37m	$459K	$480K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.218%Rate

Funding earned: $0
Price spread: −0.218% → −0.101%: −$11.71
Slippage, 4 orders: −$574.07
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$609.77
Costs to cover: 5.981%
Break-even: never at this rate

Slippage from HTX: live order book, 15 min ago; KuCoin: live order book, 36 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, 15 min ago	20.52 bp	33.2 bp −$33	68.2 bp −$682	doesn't fit	doesn't fit
Sell KuCoin live order book, 36 min ago	12.04 bp	289.8 bp −$290	doesn't fit	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	41.060	−0.461%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.170	−0.194%	$1.0M	$490K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.230	−0.048%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.190	−0.145%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.224	−0.063%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.055%	$97K	$110K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.230	−0.048%	$1.6M	$253K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0015%	8h	41.250	+0.001%	$484	$163K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.200	−0.121%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.171	−0.192%	$32K	$5K	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	41.220	−0.073%	$149	$3K	10x	as long as short
Binance SMCIUSDT	+0.0082%	8h	41.212	−0.092%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.190	−0.146%	$579	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0091%	8h	41.340	+0.218%	$79K	$9K	20x	as long as short
KuCoin SMCIUSDTMshort	+0.0100%	8h	41.160	−0.218%	$459K	$480K	20x
HTX SMCI-USDTlong	+0.0100%	8h	41.250	long leg	$8K	$285K	10x
Paragon para:SMCI	+0.0365%	1h	41.198	−0.127%	$158K	$265K	10x	as long as short