Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.022%

Price spread now: SoDEX against Bitget−0.082%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Funding pays, the price is against you. SoDEX is 0.082% cheaper against Bitget than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SMCIUSDT	41.384	0	get 0.0000% / 8h	3h 46m	$1.3M	$495K	20x
Short	SoDEX SMCI-USD	41.350	0.0050	get 0.0006% / 1h	46m 47s	$149	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $10.5
Price spread: −0.082% → 0.000%: −$8.22
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$17.72
Costs to cover: 0.200%
Break-even: 18.8 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	3.98 bp	13.9 bp −$14	55.0 bp −$550	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	41.060	−0.783%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.310	−0.179%	$1.0M	$652K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.320	−0.155%	$687K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.340	−0.106%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDTlong	0.0000%	8h	41.384	long leg	$1.3M	$495K	20x
Variational Omni SMCI	0.0000%	8h	41.378	−0.015%	$97K	$110K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.360	−0.058%	$1.6M	$252K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.380	−0.010%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.325	−0.143%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0045%	8h	41.334	−0.121%	$184	$163K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USDshort	+0.0050%	1h	41.350	−0.082%	$149	$3K	10x
BloFin SMCI-USDT	+0.0097%	8h	41.350	−0.082%	$79K	$9K	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.320	−0.155%	$461K	$481K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.380	−0.010%	$8K	$285K	10x	as long as short
Extended SMCI-USD	+0.0104%	1h	41.328	−0.135%	$579	$10K	10x	as long as short
Binance SMCIUSDT	+0.0105%	8h	41.330	−0.131%	$3.4M	$5.2M	20x	as long as short
Paragon para:SMCI	+0.0405%	1h	41.341	−0.104%	$159K	$265K	10x	as long as short