SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against HTX−0.120%54s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as 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−$1371.371% of the position

Long on HTX Short on OKX

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)+0.065%+$6 · spread now −0.120%, 7d avg −0.050%

Together, before fees−0.145%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.070% cheaper against HTX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.050%). Swap the legs. The two prices were read 54 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	41.590	0.0100	pay 0.0100% / 8h	6h 37m	$8K	$285K	10x
Short	OKX SMCI-USDT-SWAP	41.540	0	get 0.0000% / 8h	6h 37m	$688K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$21
Price spread: −0.120% → −0.050%: −$7.01
Slippage, 4 orders: −$115.07
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$165.08
Costs to cover: 1.371%
Break-even: never at this rate

Slippage from HTX: live order book, 30 min ago; OKX: live order book, 4 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, 30 min ago	15.60 bp	46.0 bp −$46	114.2 bp −$1,142	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.61 bp	19.8 bp −$20	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	41.150	−1.058%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.480	−0.264%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAPshort	0.0000%	8h	41.540	−0.120%	$688K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.500	−0.216%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.503	−0.209%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.550	−0.096%	$1.6M	$247K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.514	−0.183%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.520	−0.168%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.520	−0.168%	$135	$3K	10x	as long as short
Variational Omni SMCI	+0.0077%	8h	41.604	+0.033%	$97K	$109K	—	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	41.480	−0.264%	$462K	$508K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	41.590	long leg	$8K	$285K	10x
GRVT SMCI_USDT_Perp	+0.0129%	8h	41.521	−0.167%	$855	$153K	10x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.520	−0.169%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0218%	8h	41.490	−0.240%	$3.4M	$5.2M	20x	as long as short
BloFin SMCI-USDT	+0.0230%	8h	41.590	0.000%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.1051%	1h	41.564	−0.063%	$160K	$265K	10x	as long as short