Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget+0.123%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1891.895% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.123%, 7d avg −0.014%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.137% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SMCIUSDT	41.459	0	get 0.0000% / 8h	6h 35m	$1.3M	$506K	20x
Short	OKX SMCI-USDT-SWAP	41.510	0	get 0.0000% / 8h	6h 35m	$688K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → −0.014%: $13.71
Slippage, 4 orders: −$167.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$175.77
Costs to cover: 1.895%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 1 min ago.

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 Bitget live order book, 1 min ago	9.89 bp	20.3 bp −$20	44.0 bp −$440	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.82 bp	42.2 bp −$42	doesn't fit	doesn't fit	doesn't fit

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	41.150	−0.745%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.460	+0.002%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAPshort	0.0000%	8h	41.510	+0.123%	$688K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.450	−0.022%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDTlong	0.0000%	8h	41.459	long leg	$1.3M	$506K	20x
Phemex SMCIUSDT	0.0000%	8h	41.460	+0.002%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.444	−0.036%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.470	+0.027%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.460	+0.002%	$137	$3K	10x	as long as short
Variational Omni SMCI	+0.0066%	8h	41.464	+0.011%	$97K	$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	41.440	−0.046%	$461K	$506K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.480	+0.051%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0129%	8h	41.521	+0.148%	$855	$153K	10x	as long as short
Binance SMCIUSDT	+0.0215%	8h	41.482	+0.056%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.467	+0.019%	$583	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0230%	8h	41.590	+0.316%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.1146%	1h	41.540	+0.195%	$159K	$265K	10x	as long as short