Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.010%

Price spread now: SoDEX against Binance−0.038%7-day average — · you buy dearer than you sell

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

Long on Binance 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—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.038% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.526	0.0180	pay 0.0180% / 8h	5h 24m	$3.4M	$5.2M	20x
Short	SoDEX SMCI-USD	41.510	0.0050	get 0.0006% / 1h	24m 09s	$143	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$27.22
Price spread: −0.038% → 0.000%: −$3.82
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$49.04
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	1.20 bp	12.4 bp −$12	47.8 bp −$478	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	41.130	−0.953%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.490	−0.086%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.520	−0.014%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.500	−0.062%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.504	−0.053%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.520	−0.014%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.508	−0.043%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.480	−0.110%	$1.1M	$2.1M	10x	as long as short
SoDEX SMCI-USDshort	+0.0050%	1h	41.510	−0.038%	$143	$3K	10x
Variational Omni SMCI	+0.0051%	8h	41.506	−0.047%	$98K	$110K	—	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	41.500	−0.062%	$462K	$485K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.510	−0.038%	$8K	$284K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0115%	8h	41.520	−0.014%	$502	$155K	10x	as long as short
Extended SMCI-USD	+0.0176%	1h	41.512	−0.033%	$580	$10K	10x	as long as short
Binance SMCIUSDTlong	+0.0180%	8h	41.526	long leg	$3.4M	$5.2M	20x
BloFin SMCI-USDT	+0.0186%	8h	41.540	+0.034%	$33K	$9K	20x	as long as short
Paragon para:SMCI	+0.1321%	1h	41.499	−0.064%	$159K	$265K	10x	as long as short