Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.022%

Price spread now: SoDEX against Bybit+0.024%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.024% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.490	0	get 0.0000% / 8h	5h 27m	$1.0M	$648K	25x
Short	SoDEX SMCI-USD	41.500	0.0050	get 0.0006% / 1h	27m 38s	$143	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. 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 BybitbpFee SoDEXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $10.5
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$6.09
Costs to cover: 0.190%
Break-even: 11.1 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	4.82 bp	63.6 bp −$64	204.1 bp −$2,041	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	41.130	−0.868%	$4K	$94	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.490	long leg	$1.0M	$648K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.520	+0.072%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.500	+0.024%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.515	+0.060%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.500	+0.024%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.499	+0.022%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.490	0.000%	$1.1M	$2.1M	10x	as long as short
SoDEX SMCI-USDshort	+0.0050%	1h	41.500	+0.024%	$143	$3K	10x
Variational Omni SMCI	+0.0055%	8h	41.551	+0.148%	$98K	$110K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.490	0.000%	$462K	$487K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.560	+0.169%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0136%	8h	41.560	+0.169%	$152	$155K	10x	as long as short
BloFin SMCI-USDT	+0.0163%	8h	41.540	+0.121%	$80K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0186%	8h	41.513	+0.056%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0192%	1h	41.501	+0.027%	$580	$10K	10x	as long as short
Paragon para:SMCI	+0.1340%	1h	41.500	+0.024%	$159K	$265K	10x	as long as short