Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.005%

Price spread now: BloFin against SoDEX+0.097%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 BloFin

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. BloFin 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 −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	41.070	0.0050	pay 0.0006% / 1h	52m 46s	$142	$3K	10x
Short	BloFin SMCI-USDT	41.110	0.0026	get 0.0026% / 8h	1h 52m	$79K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$5.07
Price spread: +0.097% → 0.000%: $9.74
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.33
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

SoDEX and 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	40.630	−1.071%	$4K	$88	12x	as long as short
Bitget SMCIUSDT	−0.0140%	8h	41.100	+0.073%	$1.3M	$470K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.060	−0.024%	$1.0M	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.080	+0.024%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.080	+0.024%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.083	+0.031%	$117K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.120	+0.122%	$1.6M	$262K	10x	as long as short
BloFin SMCI-USDTshort	+0.0026%	8h	41.110	+0.097%	$79K	$9K	20x
Lighter RH SMCI	+0.0032%	1h	41.063	−0.017%	$32K	$5K	10x	as long as short
Extended SMCI-USD	+0.0040%	1h	41.092	+0.053%	$576	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SMCIUSDT	+0.0041%	8h	41.106	+0.087%	$3.4M	$5.4M	20x	as long as short
SoDEX SMCI-USDlong	+0.0050%	1h	41.070	long leg	$142	$3K	10x
QFEX SMCI-USD	+0.0075%	1h	41.090	+0.049%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0088%	8h	41.088	+0.044%	$379	$168K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.070	0.000%	$460K	$480K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.100	+0.073%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0112%	1h	41.050	−0.049%	$158K	$266K	10x	as long as short