Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX0.000%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1491.494% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.037%−$4 · spread now 0.000%, 7d avg −0.046%

Together, before fees−0.037%−$4 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: Gate is 0.046% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	40.670	0	get 0.0000% / 8h	7h 44m	$670K	$1.1M	20x
Short	Gate SMCI_USDT	40.670	0	get 0.0000% / 8h	7h 44m	$1.5M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.046%: $4.61
Slippage, 4 orders: −$124.4
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$144.79
Costs to cover: 1.494%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: 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, 2 min ago	7.38 bp	30.2 bp −$30	4703.0 bp −$47.0K	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	13.53 bp	41.2 bp −$41	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	40.460	−0.516%	$4K	$86	12x	as long as short
Bitget SMCIUSDT	−0.0112%	8h	40.652	−0.044%	$1.3M	$487K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.679	+0.023%	$571	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.690	+0.049%	$3.4M	$5.2M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.640	−0.074%	$990K	$291K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	40.670	long leg	$670K	$1.1M	20x
Gate SMCI_USDTshort	0.0000%	8h	40.670	0.000%	$1.5M	$1.4M	20x
Variational Omni SMCI	0.0000%	8h	40.668	−0.004%	$135K	$145K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	40.675	+0.013%	$305	$168K	10x	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.680	+0.025%	$1.6M	$253K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0016%	8h	40.690	+0.049%	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.657	−0.032%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.670	0.000%	$135	$3K	10x	as long as short
QFEX SMCI-USD	+0.0054%	1h	40.710	+0.098%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.640	−0.074%	$457K	$532K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.690	+0.049%	$8K	$288K	10x	as long as short
Paragon para:SMCI	+0.0856%	1h	40.652	−0.043%	$156K	$241K	10x	as long as short