Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.039%

Price spread now: Bitget against Extended+0.010%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 Bitget

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SMCI-USD	40.880	0	get 0.0000% / 1h	4m 39s	$573	—	10x
Short	Bitget SMCIUSDT	40.884	−0.0152	pay 0.0152% / 8h	4m 39s	$1.3M	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$31.92
Price spread: +0.010% → 0.000%: $0.98
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	4.04 bp	226.7 bp −$227	442.8 bp −$4,428	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	40.460	−1.027%	$4K	$90	12x	as long as short
Bitget SMCIUSDTshort	−0.0152%	8h	40.884	+0.010%	$1.3M	$501K	20x
BloFin SMCI-USDT	−0.0028%	8h	40.870	−0.024%	$79K	$9K	20x	as long as short
Extended SMCI-USDlong	0.0000%	1h	40.880	long leg	$573	—	10x
Bybit SMCIUSDT	0.0000%	8h	40.840	−0.098%	$995K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.880	0.000%	$675K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.860	−0.049%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.894	+0.035%	$124K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.890	+0.025%	$1.6M	$258K	10x	as long as short
Binance SMCIUSDT	+0.0001%	8h	40.914	+0.084%	$3.4M	$5.3M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.869	−0.027%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.880	0.000%	$132	$3K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.890	+0.025%	$1.1M	$1.7M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0076%	8h	40.879	−0.002%	$457	$170K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.850	−0.073%	$459K	$524K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.910	+0.073%	$8K	$287K	10x	as long as short
Paragon para:SMCI	+0.0256%	1h	40.853	−0.066%	$157K	$264K	10x	as long as short