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: Bitget against HTX−0.077%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1451.445% of the position

Long on HTX Short on Bitget

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)+0.059%+$6 · spread now −0.077%, 7d avg −0.029%

Together, before fees−0.151%−$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 Bitget is 0.048% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	41.660	0.0100	pay 0.0100% / 8h	7h 48m	$8K	$284K	10x
Short	Bitget SMCIUSDT	41.628	0	get 0.0000% / 8h	7h 48m	$1.3M	$512K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$21
Price spread: −0.077% → −0.029%: −$4.83
Slippage, 4 orders: −$120.51
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$170.34
Costs to cover: 1.445%
Break-even: never at this rate

Slippage from HTX: live order book, 23 min ago; Bitget: live order book, 3 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, 23 min ago	14.49 bp	42.2 bp −$42	111.0 bp −$1,110	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	17.33 bp	26.2 bp −$26	41.7 bp −$417	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	41.170	−1.176%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.640	−0.048%	$1.0M	$665K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.660	0.000%	$694K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.630	−0.072%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.628	−0.077%	$1.3M	$512K	20x
Phemex SMCIUSDT	0.0000%	8h	41.650	−0.024%	$1.6M	$254K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.630	−0.072%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.653	−0.017%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0050%	8h	41.614	−0.111%	$97K	$109K	—	as long as short
Paragon para:SMCI	+0.0060%	1h	41.617	−0.103%	$160K	$265K	10x	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	41.600	−0.144%	$464K	$532K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	41.660	long leg	$8K	$284K	10x
GRVT SMCI_USDT_Perp	+0.0149%	8h	41.574	−0.206%	$748	$156K	10x	as long as short
BloFin SMCI-USDT	+0.0194%	8h	41.630	−0.072%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0208%	1h	41.680	+0.048%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0212%	8h	41.686	+0.061%	$3.4M	$5.2M	20x	as long as short
SoDEX SMCI-USD	+0.0315%	1h	41.630	−0.072%	$121	$3K	10x	as long as short