Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget+0.118%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.118%, 7d avg −0.016%

Together, before fees+0.013%+$1 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: OKX is 0.134% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SMCIUSDT	41.561	0	get 0.0000% / 8h	7h 53m	$1.3M	$512K	20x
Short	OKX SMCI-USDT-SWAP	41.610	0	get 0.0000% / 8h	7h 53m	$693K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → −0.016%: $13.4
Slippage, 4 orders: −$73.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.31
Costs to cover: 0.957%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; OKX: 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 Bitget live order book, 3 min ago	7.46 bp	19.0 bp −$19	40.0 bp −$400	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.41 bp	10.7 bp −$11	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	41.010	−1.326%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.580	+0.046%	$1.0M	$665K	25x	as long as short
OKX SMCI-USDT-SWAPshort	0.0000%	8h	41.610	+0.118%	$693K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.560	−0.002%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDTlong	0.0000%	8h	41.561	long leg	$1.3M	$512K	20x
GRVT SMCI_USDT_Perp	0.0000%	8h	41.560	−0.002%	$15	$156K	10x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.590	+0.070%	$1.6M	$255K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.580	+0.046%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.576	+0.036%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0056%	8h	41.584	+0.056%	$97K	$109K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:SMCI	+0.0060%	1h	41.566	+0.013%	$160K	$265K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.520	−0.099%	$462K	$532K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.590	+0.070%	$8K	$285K	10x	as long as short
BloFin SMCI-USDT	+0.0199%	8h	41.550	−0.026%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0205%	8h	41.594	+0.080%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0208%	1h	41.585	+0.057%	$580	$10K	10x	as long as short
SoDEX SMCI-USD	+0.0365%	1h	41.590	+0.070%	$121	$3K	10x	as long as short