Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0149%/8h= −16.4% APRpaid last 24h −0.073%

Price spread now: BloFin against Paragon+0.224%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. BloFin is 0.224% dearer against Paragon than usual: you sell high and buy low (spread +0.224% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:SMCI	41.158	0.0214	pay 0.0027% / 1h	18m 01s	$158K	$265K	10x
Short	BloFin SMCI-USDT	41.250	0.0065	get 0.0065% / 8h	3h 18m	$79K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Paragon. 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 ParagonbpFee BloFinbpOrdersPrice spread, now +0.224%Rate

Funding earned: −$31.37
Price spread: +0.224% → 0.000%: $22.35
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.02
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Paragon: live order book, 67 min ago; BloFin: 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 Paragon live order book, 67 min ago	53.49 bp	62.2 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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	40.820	−0.821%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.150	−0.019%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	+0.053%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.170	+0.029%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.224	+0.160%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.279%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.170	+0.029%	$1.6M	$255K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.190	+0.078%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.144	−0.034%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0036%	8h	41.240	+0.200%	$325	$164K	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	41.160	+0.005%	$145	$3K	10x	as long as short
BloFin SMCI-USDTshort	+0.0065%	8h	41.250	+0.224%	$79K	$9K	20x
Extended SMCI-USD	+0.0080%	1h	41.133	−0.060%	$576	$10K	10x	as long as short
Binance SMCIUSDT	+0.0081%	8h	41.156	−0.004%	$3.4M	$5.3M	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.130	−0.068%	$459K	$474K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.180	+0.053%	$8K	$286K	10x	as long as short
Paragon para:SMCIlong	+0.0214%	1h	41.158	long leg	$158K	$265K	10x