Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.048%

Price spread now: Paragon against KuCoin+0.004%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$656as in the Funding arb table

Net, price: spread back to 7d avg − costs−$679as in the Price arb table

costs, in and out, $10k−$6726.717% of the position

Long on KuCoin Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.004%, 7d avg +0.077%

Together, before fees+0.126%+$13 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: Paragon is 0.073% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SMCIUSDTM	40.890	0.0100	pay 0.0100% / 8h	30m 42s	$460K	$504K	20x
Short	Paragon para:SMCI	40.892	0.0105	get 0.0013% / 1h	30m 42s	$157K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against KuCoin. 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 KuCoinbpFee ParagonbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0.97
Price spread: +0.004% → +0.077%: −$7.27
Slippage, 4 orders: −$649.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$678.04
Costs to cover: 6.717%
Break-even: 4888.9 days

Slippage from KuCoin: live order book, 3 min ago; Paragon: live order book, 25 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 KuCoin live order book, 3 min ago	12.23 bp	297.0 bp −$297	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 25 min ago	19.43 bp	24.4 bp −$24	106.0 bp −$1,060	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	40.550	−0.831%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0151%	8h	40.935	+0.110%	$1.3M	$502K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.920	+0.073%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.940	+0.122%	$677K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.920	+0.073%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.937	+0.116%	$124K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.940	+0.122%	$1.6M	$259K	10x	as long as short
Extended SMCI-USD	+0.0008%	1h	40.939	+0.120%	$573	—	10x	as long as short
Binance SMCIUSDT	+0.0009%	8h	40.950	+0.147%	$3.4M	$5.3M	20x	as long as short
BloFin SMCI-USDT	+0.0022%	8h	41.000	+0.269%	$79K	$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	40.891	+0.002%	$40K	$13K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.950	+0.147%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0085%	8h	40.959	+0.168%	$487	$169K	10x	as long as short
SoDEX SMCI-USD	+0.0092%	1h	40.930	+0.098%	$133	$3K	10x	as long as short
KuCoin SMCIUSDTMlong	+0.0100%	8h	40.890	long leg	$460K	$504K	20x
HTX SMCI-USDT	+0.0100%	8h	40.950	+0.147%	$8K	$287K	10x	as long as short
Paragon para:SMCIshort	+0.0105%	1h	40.892	+0.004%	$157K	$266K	10x