Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.005%

Price spread now: Binance against Extended+0.030%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Binance

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.030% dearer against Extended than usual: you sell high and buy low, +$3 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	Extended SMCI-USD	41.306	0.0096	pay 0.0012% / 1h	43m 25s	$579	$10K	10x
Short	Binance SMCIUSDT	41.319	0.0097	get 0.0097% / 8h	3h 43m	$3.4M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: $0.2
Price spread: +0.030% → 0.000%: $2.99
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.82
Costs to cover: 0.150%
Break-even: 430.5 days

Slippage unknown: Extended: no order-book sample; Binance: live order book, 9 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	2.41 bp	11.9 bp −$12	58.0 bp −$580	doesn't fit	doesn't fit

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	41.060	−0.596%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.300	−0.015%	$1.0M	$652K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.320	+0.033%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.310	+0.009%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.315	+0.021%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.323	+0.040%	$97K	$110K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.310	+0.009%	$1.6M	$253K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.310	+0.009%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.303	−0.008%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0033%	8h	41.340	+0.082%	$184	$163K	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	41.310	+0.009%	$148	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0088%	8h	41.360	+0.130%	$79K	$9K	20x	as long as short
Extended SMCI-USDlong	+0.0096%	1h	41.306	long leg	$579	$10K	10x
Binance SMCIUSDTshort	+0.0097%	8h	41.319	+0.030%	$3.4M	$5.2M	20x
KuCoin SMCIUSDTM	+0.0100%	8h	41.320	+0.033%	$461K	$480K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.290	−0.039%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0410%	1h	41.319	+0.032%	$159K	$265K	10x	as long as short