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 +0.032%

Price spread now: Binance against OKX+0.092%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$960.958% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.092%, 7d avg +0.008%

Together, before fees+0.015%+$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: Binance is 0.084% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	40.850	0	get 0.0000% / 8h	8m 08s	$674K	$1.1M	20x
Short	Binance SMCIUSDT	40.888	0	get 0.0000% / 8h	8m 08s	$3.4M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.008%: $8.42
Slippage, 4 orders: −$75.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.4
Costs to cover: 0.958%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 14 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 OKX live order book, 3 min ago	6.12 bp	21.4 bp −$21	3602.9 bp −$36.0K	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	3.67 bp	15.0 bp −$15	53.6 bp −$536	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	40.460	−0.955%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0158%	8h	40.866	+0.039%	$1.3M	$501K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.879	+0.071%	$573	—	10x	as long as short
Binance SMCIUSDTshort	0.0000%	8h	40.888	+0.092%	$3.4M	$5.3M	20x
Bybit SMCIUSDT	0.0000%	8h	40.830	−0.049%	$995K	$293K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	40.850	long leg	$674K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	40.850	0.000%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.845	−0.012%	$124K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.890	+0.098%	$1.6M	$258K	10x	as long as short
BloFin SMCI-USDT	+0.0005%	8h	40.870	+0.049%	$79K	$9K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.864	+0.034%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.870	+0.049%	$130	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0067%	8h	40.849	−0.003%	$148	$170K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.880	+0.073%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.850	0.000%	$459K	$521K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.900	+0.122%	$8K	$287K	10x	as long as short
Paragon para:SMCI	+0.0262%	1h	40.884	+0.084%	$157K	$266K	10x	as long as short