Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%

Price spread now: Bitget against SoDEX+0.034%7-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 Bitget

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. Bitget is 0.034% dearer against SoDEX than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	41.210	0.0050	pay 0.0006% / 1h	21m 56s	$148	$3K	10x
Short	Bitget SMCIUSDT	41.224	0	get 0.0000% / 8h	3h 21m	$1.3M	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$10.5
Price spread: +0.034% → 0.000%: $3.4
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	7.27 bp	217.1 bp −$217	403.6 bp −$4,036	doesn't fit	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	40.820	−0.946%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.200	−0.024%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.200	−0.024%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.210	0.000%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.224	+0.034%	$1.3M	$501K	20x
Variational Omni SMCI	0.0000%	8h	41.237	+0.066%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.220	+0.024%	$1.6M	$254K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.200	−0.024%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.220	+0.024%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0036%	8h	41.271	+0.148%	$275	$163K	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-USDlong	+0.0050%	1h	41.210	long leg	$148	$3K	10x
BloFin SMCI-USDT	+0.0079%	8h	41.250	+0.097%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0080%	1h	41.203	−0.018%	$579	$10K	10x	as long as short
Binance SMCIUSDT	+0.0083%	8h	41.226	+0.038%	$3.4M	$5.3M	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.190	−0.049%	$460K	$477K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.220	+0.024%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0246%	1h	41.186	−0.058%	$158K	$265K	10x	as long as short