Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%

Price spread now: Gate against Binance−0.030%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1031.035% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.030%, 7d avg −0.054%

Together, before fees−0.066%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.025% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	40.672	0	get 0.0000% / 8h	7h 45m	$3.4M	$5.2M	20x
Short	Gate SMCI_USDT	40.660	0	get 0.0000% / 8h	7h 45m	$1.5M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.054%: $2.47
Slippage, 4 orders: −$78.5
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.03
Costs to cover: 1.035%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Gate: live order book, 2 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 Binance live order book, 7 min ago	2.46 bp	16.2 bp −$16	70.4 bp −$704	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	13.53 bp	41.2 bp −$41	doesn't fit	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	40.460	−0.521%	$4K	$86	12x	as long as short
Bitget SMCIUSDT	−0.0114%	8h	40.652	−0.049%	$1.3M	$487K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.662	−0.024%	$571	—	10x	as long as short
Binance SMCIUSDTlong	0.0000%	8h	40.672	long leg	$3.4M	$5.2M	20x
Bybit SMCIUSDT	0.0000%	8h	40.640	−0.079%	$990K	$291K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.670	−0.005%	$670K	$1.1M	20x	as long as short
Gate SMCI_USDTshort	0.0000%	8h	40.660	−0.030%	$1.5M	$1.4M	20x
Variational Omni SMCI	0.0000%	8h	40.668	−0.009%	$135K	$145K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	40.675	+0.008%	$305	$168K	10x	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.670	−0.005%	$1.6M	$255K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0024%	8h	40.730	+0.143%	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.664	−0.020%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.660	−0.030%	$134	$3K	10x	as long as short
QFEX SMCI-USD	+0.0054%	1h	40.680	+0.020%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.640	−0.079%	$458K	$532K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.680	+0.020%	$8K	$287K	10x	as long as short
Paragon para:SMCI	+0.0875%	1h	40.636	−0.088%	$156K	$241K	10x	as long as short