Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.008%

Price spread now: KuCoin against SoDEX0.000%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 KuCoin

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 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	41.250	0.0050	pay 0.0006% / 1h	40m 14s	$149	$3K	10x
Short	KuCoin SMCIUSDTM	41.250	0.0100	get 0.0100% / 8h	3h 40m	$460K	$480K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $10.5
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$9.5
Costs to cover: 0.200%
Break-even: 13.3 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 33 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 KuCoin live order book, 33 min ago	12.04 bp	289.8 bp −$290	doesn't fit	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	41.060	−0.461%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.230	−0.048%	$1.0M	$652K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.260	+0.024%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.280	+0.073%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.261	+0.027%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.055%	$97K	$110K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.250	0.000%	$1.6M	$252K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.240	−0.024%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.248	−0.005%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0033%	8h	41.340	+0.218%	$184	$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	41.250	long leg	$149	$3K	10x
BloFin SMCI-USDT	+0.0064%	8h	41.350	+0.242%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0088%	8h	41.254	+0.008%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.239	−0.027%	$579	$10K	10x	as long as short
KuCoin SMCIUSDTMshort	+0.0100%	8h	41.250	0.000%	$460K	$480K	20x
HTX SMCI-USDT	+0.0100%	8h	41.300	+0.121%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0405%	1h	41.279	+0.069%	$158K	$265K	10x	as long as short