Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.2% APRpaid last 24h +0.030%

Price spread now: Extended against Variational Omni+0.006%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

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 airdropVariational Omni: Active · Extended: 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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SMCI	41.552	0.0048	pay 0.0048% / 8h	4h 24m	$98K	$110K	—
Short	Extended SMCI-USD	41.555	0.0168	get 0.0021% / 1h	24m 24s	$582	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.006%Rate

Funding earned: $25.26
Price spread: +0.006% → 0.000%: $0.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $20.86
Costs to cover: 0.050%
Break-even: 1.2 days

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Extended: 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 Variational Omni RFQ quote, 10 min ago	5.68 bp	doesn't fit	71.4 bp −$714	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	41.190	−0.872%	$4K	$93	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.530	−0.054%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.570	+0.043%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.550	−0.006%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.547	−0.013%	$1.3M	$504K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.570	+0.043%	$1.6M	$249K	10x	as long as short
QFEX SMCI-USD	+0.0021%	1h	41.550	−0.006%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.539	−0.032%	$32K	$5K	10x	as long as short
Variational Omni SMCIlong	+0.0048%	8h	41.552	long leg	$98K	$110K	—
SoDEX SMCI-USD	+0.0050%	1h	41.550	−0.006%	$151	$3K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.550	−0.006%	$465K	$480K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.560	+0.019%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0151%	8h	41.580	+0.067%	$515	$159K	10x	as long as short
Binance SMCIUSDT	+0.0167%	8h	41.569	+0.040%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USDshort	+0.0168%	1h	41.555	+0.006%	$582	$10K	10x
BloFin SMCI-USDT	+0.0170%	8h	41.590	+0.091%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.0980%	1h	41.520	−0.078%	$159K	$265K	10x	as long as short