Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.037%

Price spread now: SoDEX against Bitget+0.047%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.047% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SMCIUSDT	40.571	−0.0062	get 0.0062% / 8h	7h 20m	$1.2M	$510K	20x
Short	SoDEX SMCI-USD	40.590	0.0050	get 0.0006% / 1h	20m 36s	$136	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $23.52
Price spread: +0.047% → 0.000%: $4.68
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $8.2
Costs to cover: 0.200%
Break-even: 4.6 days

Slippage unknown: Bitget: live order book, 6 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 Bitget live order book, 6 min ago	7.31 bp	50.7 bp −$51	64.3 bp −$643	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	40.460	−0.274%	$4K	$86	12x	as long as short
Bitget SMCIUSDTlong	−0.0062%	8h	40.571	long leg	$1.2M	$510K	20x
BloFin SMCI-USDT	−0.0009%	8h	40.600	+0.071%	$80K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.627	+0.139%	$569	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.637	+0.164%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.570	−0.002%	$988K	$299K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.600	+0.071%	$675K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.570	−0.002%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.644	+0.180%	$149K	$160K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	40.491	−0.196%	$518	$169K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SMCIUSDT	0.0000%	8h	40.600	+0.071%	$1.6M	$259K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.577	+0.015%	$40K	$13K	10x	as long as short
SoDEX SMCI-USDshort	+0.0050%	1h	40.590	+0.047%	$136	$3K	10x
QFEX SMCI-USD	+0.0054%	1h	40.590	+0.047%	$1.1M	$1.7M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.520	−0.126%	$456K	$547K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.630	+0.145%	$8K	$289K	10x	as long as short
Paragon para:SMCI	+0.0619%	1h	40.581	+0.026%	$156K	$241K	10x	as long as short