Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.173%

Price spread now: Binance against SoDEX+0.097%45s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 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. Binance is 0.097% dearer against SoDEX than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 47 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	41.340	0.0163	pay 0.0020% / 1h	44m 32s	$129	$3K	10x
Short	Binance SMCIUSDT	41.380	0	get 0.0000% / 8h	1h 44m	$3.4M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.097%Rate

Funding earned: −$34.24
Price spread: +0.097% → 0.000%: $9.68
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.56
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 9 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	3.63 bp	18.8 bp −$19	81.3 bp −$813	511.7 bp −$51.2K	doesn't fit

SoDEX: 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	40.810	−1.282%	$4K	$97	12x	as long as short
BloFin SMCI-USDT	−0.0021%	8h	41.330	−0.024%	$79K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	41.372	+0.078%	$578	$10K	10x	as long as short
Binance SMCIUSDTshort	0.0000%	8h	41.380	+0.097%	$3.4M	$5.5M	20x
Bybit SMCIUSDT	0.0000%	8h	41.330	−0.024%	$1.0M	$656K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.360	+0.048%	$693K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.330	−0.024%	$1.6M	$1.9M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.345	+0.012%	$1.3M	$539K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.346	+0.016%	$67K	$63K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.370	+0.073%	$1.6M	$269K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SMCI_USDT_Perp	+0.0006%	8h	41.330	−0.024%	$422	$158K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.354	+0.034%	$32K	$7K	10x	as long as short
QFEX SMCI-USD	+0.0049%	1h	41.370	+0.073%	$1.2M	$2.2M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.320	−0.048%	$159K	$265K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.310	−0.073%	$460K	$545K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.380	+0.097%	$8K	$286K	10x	as long as short
SoDEX SMCI-USDlong	+0.0163%	1h	41.340	long leg	$129	$3K	10x