Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.011%

Price spread now: SoDEX against Binance0.000%45s7-day average — · you sell dearer than you buy

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

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs 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: −$4 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.650	0.0244	pay 0.0244% / 8h	7h 01m	$3.4M	$5.1M	20x
Short	SoDEX SMCI-USD	41.650	0.0098	get 0.0012% / 1h	1m 39s	$137	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$30.82
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$48.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; SoDEX: 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 Binance live order book, 6 min ago	1.20 bp	16.1 bp −$16	46.7 bp −$467	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	41.240	−0.984%	$4K	$98	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.650	0.000%	$1.0M	$647K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.660	+0.024%	$694K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.630	−0.048%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.642	−0.019%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.650	0.000%	$1.6M	$247K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.650	0.000%	$1.1M	$2.2M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.619	−0.074%	$32K	$5K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.620	−0.073%	$160K	$265K	10x	as long as short
SoDEX SMCI-USDshort	+0.0098%	1h	41.650	0.000%	$137	$3K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SMCI	+0.0100%	8h	41.682	+0.078%	$97K	$109K	—	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.630	−0.048%	$463K	$519K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.660	+0.024%	$8K	$284K	10x	as long as short
BloFin SMCI-USDT	+0.0217%	8h	41.660	+0.024%	$79K	$9K	20x	as long as short
Binance SMCIUSDTlong	+0.0244%	8h	41.650	long leg	$3.4M	$5.1M	20x
Extended SMCI-USD	+0.0248%	1h	41.640	−0.024%	$583	$10K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0345%	8h	41.660	+0.024%	$879	$153K	10x	as long as short