Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.028%

Price spread now: GRVT against SoDEX+0.001%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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	40.970	0.0050	pay 0.0006% / 1h	15m 10s	$129	$3K	10x
Short	GRVT SMCI_USDT_Perp	40.970	0.0071	get 0.0071% / 8h	1h 15m	$608	$169K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.001%Rate

Funding earned: $4.41
Price spread: +0.001% → 0.000%: $0.12
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$12.47
Costs to cover: 0.170%
Break-even: 26.8 days

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 22 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 GRVT live order book, 22 min ago	4.88 bp	34.6 bp −$35	89.8 bp −$898	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	40.530	−1.074%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0172%	8h	40.988	+0.044%	$1.3M	$503K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.970	0.000%	$998K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.990	+0.049%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.970	0.000%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.973	+0.007%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.990	+0.049%	$1.6M	$261K	10x	as long as short
Binance SMCIUSDT	+0.0014%	8h	40.984	+0.034%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0016%	1h	40.975	+0.013%	$573	—	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.966	−0.010%	$32K	$5K	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	+0.0037%	8h	41.040	+0.171%	$79K	$9K	20x	as long as short
SoDEX SMCI-USDlong	+0.0050%	1h	40.970	long leg	$129	$3K	10x
Paragon para:SMCI	+0.0060%	1h	40.959	−0.027%	$157K	$266K	10x	as long as short
GRVT SMCI_USDT_Perpshort	+0.0071%	8h	40.970	+0.001%	$608	$169K	10x
QFEX SMCI-USD	+0.0075%	1h	40.990	+0.049%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.940	−0.073%	$460K	$492K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.950	−0.049%	$8K	$286K	10x	as long as short