Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Gate0.000%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$950.952% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.118%+$12 · spread now 0.000%, 7d avg +0.049%

Together, before fees+0.118%+$12 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: Bitget is 0.049% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	41.390	0	get 0.0000% / 8h	51m 07s	$1.6M	$1.8M	20x
Short	Bitget SMCIUSDT	41.390	0	get 0.0000% / 8h	51m 07s	$1.3M	$534K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.049%: −$4.94
Slippage, 4 orders: −$68.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.17
Costs to cover: 0.952%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 5 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 Gate live order book, 1 min ago	9.67 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	9.54 bp	37.9 bp −$38	44.2 bp −$442	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	41.000	−0.942%	$4K	$96	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.380	−0.024%	$1.0M	$656K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.400	+0.024%	$688K	$1.2M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	41.390	long leg	$1.6M	$1.8M	20x
Bitget SMCIUSDTshort	0.0000%	8h	41.390	0.000%	$1.3M	$534K	20x
Phemex SMCIUSDT	0.0000%	8h	41.430	+0.097%	$1.6M	$267K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.404	+0.034%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0034%	8h	41.434	+0.107%	$96K	$110K	—	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.420	+0.072%	$1.1M	$2.3M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.365	−0.061%	$159K	$265K	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-USD	+0.0087%	1h	41.400	+0.024%	$125	$3K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.370	−0.048%	$461K	$543K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.440	+0.121%	$8K	$283K	10x	as long as short
Binance SMCIUSDT	+0.0221%	8h	41.430	+0.097%	$3.4M	$5.5M	20x	as long as short
Extended SMCI-USD	+0.0224%	1h	41.421	+0.075%	$578	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0246%	8h	41.390	0.000%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0352%	8h	41.409	+0.045%	$235	$158K	10x	as long as short