# SMSN funding rates and arbitrage

Updated 2026-10-30 04:31 UTC · https://afterfees.xyz/coin/SMSN

## Best SMSN arbitrage after every cost

No SMSN pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## SMSN funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:SMSN | 0.0114% | 1 h | +100.2% | +6.9% | $42M | 2026-10-30 05:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | SMSN-USD.P | 0.0006% | 1 h | +5.5% | — | $266.8K | 2026-10-30 05:00 |

## Cost to enter $10,000 of SMSN

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:SMSN | 3.1 bp | order-book snapshot, 45 min old |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees._

## Questions

**Is SMSN funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no SMSN pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest SMSN funding rate?**

Hyperliquid at +100.2% a year (0.0114% every 1 h); the lowest is Ondo Perps at +5.5%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._