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: Bitget against OKX−0.104%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3113.110% of the position

Long on OKX 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+0.157%+$16 · spread now −0.104%, 7d avg +0.001%

Together, before fees+0.157%+$16 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 0.105% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	41.350	0	get 0.0000% / 8h	3h 28m	$687K	$1.1M	20x
Short	Bitget SMCIUSDT	41.307	0	get 0.0000% / 8h	3h 28m	$1.3M	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.001%: −$10.47
Slippage, 4 orders: −$288.99
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$321.47
Costs to cover: 3.110%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: 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 OKX live order book, 3 min ago	6.06 bp	15.5 bp −$16	3770.5 bp −$37.7K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.75 bp	233.3 bp −$233	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	40.820	−1.282%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.280	−0.169%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	41.350	long leg	$687K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.300	−0.121%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.307	−0.104%	$1.3M	$501K	20x
Variational Omni SMCI	0.0000%	8h	41.288	−0.150%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.310	−0.097%	$1.6M	$250K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0030%	8h	41.290	−0.145%	$456	$163K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.330	−0.048%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.294	−0.135%	$32K	$5K	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	+0.0050%	1h	41.300	−0.121%	$150	$3K	10x	as long as short
Binance SMCIUSDT	+0.0087%	8h	41.340	−0.024%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.324	−0.063%	$579	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.260	−0.218%	$461K	$477K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.360	+0.024%	$8K	$285K	10x	as long as short
BloFin SMCI-USDT	+0.0104%	8h	41.280	−0.169%	$79K	$9K	20x	as long as short
Paragon para:SMCI	+0.0290%	1h	41.269	−0.196%	$158K	$265K	10x	as long as short