Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.022%

Price spread now: SoDEX against Bybit+0.049%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.049% dearer against Bybit 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	Bybit SMCIUSDT	40.890	0	get 0.0000% / 8h	57m 18s	$996K	$293K	25x
Short	SoDEX SMCI-USD	40.910	0.0050	get 0.0006% / 1h	57m 18s	$128	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. 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 BybitbpFee SoDEXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $10.5
Price spread: +0.049% → 0.000%: $4.89
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$3.61
Costs to cover: 0.190%
Break-even: 9.4 days

Slippage unknown: Bybit: live order book, 53 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 Bybit live order book, 53 min ago	4.87 bp	87.9 bp −$88	207.2 bp −$2,072	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	40.590	−0.734%	$4K	$87	12x	as long as short
Bitget SMCIUSDT	−0.0164%	8h	40.906	+0.039%	$1.3M	$506K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.916	+0.063%	$573	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.900	+0.024%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	40.890	long leg	$996K	$293K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	40.840	−0.122%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.910	+0.049%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.953	+0.154%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.930	+0.098%	$1.6M	$260K	10x	as long as short
BloFin SMCI-USDT	+0.0005%	8h	40.990	+0.245%	$80K	$9K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.909	+0.046%	$32K	$5K	10x	as long as short
SoDEX SMCI-USDshort	+0.0050%	1h	40.910	+0.049%	$128	$3K	10x
GRVT SMCI_USDT_Perp	+0.0063%	8h	40.970	+0.196%	$255	$168K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.920	+0.073%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.930	+0.098%	$460K	$500K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.950	+0.147%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0310%	1h	40.910	+0.049%	$157K	$266K	10x	as long as short