Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.003%

Price spread now: Extended against Binance−0.025%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.025% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it 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	Binance SMCIUSDT	41.539	0.0207	pay 0.0207% / 8h	5h 52m	$3.4M	$5.1M	20x
Short	Extended SMCI-USD	41.529	0.0208	get 0.0026% / 1h	52m 06s	$580	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0.13
Price spread: −0.025% → 0.000%: −$2.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.33
Costs to cover: 0.150%
Break-even: 923.8 days

Slippage unknown: Binance: live order book, 1 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 Binance live order book, 1 min ago	2.41 bp	14.3 bp −$14	47.7 bp −$477	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 16 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	−0.937%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.510	−0.071%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.560	+0.050%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.510	−0.071%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.516	−0.056%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.520	−0.047%	$1.6M	$246K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.512	−0.066%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.530	−0.023%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.530	−0.023%	$140	$3K	10x	as long as short
Variational Omni SMCI	+0.0065%	8h	41.553	+0.033%	$98K	$110K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.490	−0.119%	$462K	$499K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.540	+0.001%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0195%	8h	41.532	−0.018%	$29	$154K	10x	as long as short
Binance SMCIUSDTlong	+0.0207%	8h	41.539	long leg	$3.4M	$5.1M	20x
Extended SMCI-USDshort	+0.0208%	1h	41.529	−0.025%	$580	$10K	10x
Paragon para:SMCI	+0.1497%	1h	41.500	−0.096%	$159K	$265K	10x	as long as short