Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1118%/8h= +122.4% APRpaid last 24h +0.064%

Price spread now: Paragon against BloFin−0.097%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Paragon is 0.097% cheaper against BloFin than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 7 hours of funding at the current rate (+$34 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SMCI-USDT	41.540	0.0198	pay 0.0198% / 8h	5h 23m	$33K	$9K	20x
Short	Paragon para:SMCI	41.500	0.1316	get 0.0164% / 1h	23m 07s	$159K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against BloFin. 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 BloFinbpFee ParagonbpOrdersPrice spread, now −0.097%Rate

Funding earned: $234.72
Price spread: −0.097% → 0.000%: −$9.73
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: $203
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: BloFin: no order-book sample; Paragon: live order book, 12 min ago. 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 BloFin no order-book sample	—	—	—	—	—
Sell Paragon live order book, 12 min ago	28.97 bp	34.0 bp −$34	126.9 bp −$1,269	doesn't fit	doesn't fit

BloFin: 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	−0.987%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.500	−0.096%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.520	−0.048%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.500	−0.096%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.505	−0.084%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.510	−0.072%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.503	−0.089%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.500	−0.096%	$1.1M	$2.1M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.510	−0.072%	$143	$3K	10x	as long as short
Variational Omni SMCI	+0.0051%	8h	41.506	−0.081%	$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	41.490	−0.120%	$462K	$485K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.540	0.000%	$8K	$284K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0115%	8h	41.520	−0.048%	$502	$155K	10x	as long as short
Extended SMCI-USD	+0.0176%	1h	41.499	−0.099%	$580	$10K	10x	as long as short
Binance SMCIUSDT	+0.0177%	8h	41.510	−0.072%	$3.4M	$5.2M	20x	as long as short
BloFin SMCI-USDTlong	+0.0198%	8h	41.540	long leg	$33K	$9K	20x
Paragon para:SMCIshort	+0.1316%	1h	41.500	−0.097%	$159K	$265K	10x