Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h +0.110%

Price spread now: SoDEX against Variational Omni+0.013%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 SoDEX

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 · 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	Variational Omni SMCI	41.404	0.0097	pay 0.0097% / 8h	17m 53s	$96K	$109K	—
Short	SoDEX SMCI-USD	41.410	0.0050	get 0.0006% / 1h	17m 53s	$124	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$9.9
Price spread: +0.013% → 0.000%: $1.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.55
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; SoDEX: 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, 36 min ago	3.74 bp	doesn't fit	84.4 bp −$844	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	41.010	−0.953%	$4K	$97	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.410	+0.013%	$1.0M	$670K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.420	+0.038%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.400	−0.011%	$1.6M	$1.8M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.395	−0.023%	$1.3M	$532K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.420	+0.038%	$1.6M	$262K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.403	−0.003%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.410	+0.013%	$1.1M	$2.3M	10x	as long as short
SoDEX SMCI-USDshort	+0.0050%	1h	41.410	+0.013%	$124	$3K	10x
Paragon para:SMCI	+0.0060%	1h	41.380	−0.059%	$159K	$265K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SMCIlong	+0.0097%	8h	41.404	long leg	$96K	$109K	—
KuCoin SMCIUSDTM	+0.0100%	8h	41.380	−0.059%	$461K	$537K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.430	+0.062%	$8K	$284K	10x	as long as short
BloFin SMCI-USDT	+0.0209%	8h	41.410	+0.013%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0232%	1h	41.418	+0.034%	$578	$10K	10x	as long as short
Binance SMCIUSDT	+0.0235%	8h	41.426	+0.053%	$3.4M	$5.5M	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0375%	8h	41.400	−0.011%	$739	$157K	10x	as long as short