Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.038%

Price spread now: Extended against Gate−0.080%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Extended

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 pays, the price is against you. Extended is 0.080% cheaper against Gate than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	40.910	0	get 0.0000% / 8h	2h 26m	$1.5M	$1.6M	20x
Short	Extended SMCI-USD	40.877	0.0056	get 0.0007% / 1h	26m 07s	$573	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −0.080%Rate

Funding earned: $11.76
Price spread: −0.080% → 0.000%: −$7.99
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.23
Costs to cover: 0.200%
Break-even: 16.7 days

Slippage unknown: Gate: 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 Gate live order book, 1 min ago	13.45 bp	22.1 bp −$22	doesn't fit	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 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	40.600	−0.758%	$4K	$91	12x	as long as short
Bitget SMCIUSDT	−0.0126%	8h	40.929	+0.046%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.890	−0.049%	$995K	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.900	−0.024%	$679K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	40.910	long leg	$1.5M	$1.6M	20x
Variational Omni SMCI	0.0000%	8h	40.883	−0.065%	$116K	$130K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.900	−0.024%	$1.6M	$260K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.909	−0.002%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.890	−0.049%	$150	$3K	10x	as long as short
Binance SMCIUSDT	+0.0055%	8h	40.898	−0.030%	$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
Extended SMCI-USDshort	+0.0056%	1h	40.877	−0.080%	$573	$10K	10x
QFEX SMCI-USD	+0.0056%	1h	40.910	0.000%	$1.1M	$1.8M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.915	+0.012%	$157K	$266K	10x	as long as short
BloFin SMCI-USDT	+0.0067%	8h	40.950	+0.098%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0073%	8h	40.990	+0.196%	$427	$166K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.890	−0.049%	$456K	$465K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.910	0.000%	$8K	$285K	10x	as long as short