Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.028%

Price spread now: SoDEX against OKX−0.073%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Funding pays, the price is against you. SoDEX is 0.073% cheaper against OKX than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	41.210	0.0045	pay 0.0045% / 8h	5h 41m	$670K	$1.1M	20x
Short	SoDEX SMCI-USD	41.180	0.0065	get 0.0008% / 1h	41m 42s	$133	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $4.32
Price spread: −0.073% → 0.000%: −$7.28
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.96
Costs to cover: 0.180%
Break-even: 41.0 days

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	7.28 bp	18.3 bp −$18	4348.9 bp −$43.5K	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 exchanges

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	40.650	−1.359%	$4K	$80	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.180	−0.073%	$1.0M	$297K	25x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.170	−0.097%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.194	−0.039%	$1.3M	$473K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.210	0.000%	$1.6M	$264K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.170	−0.097%	$40K	$14K	10x	as long as short
OKX SMCI-USDT-SWAPlong	+0.0045%	8h	41.210	long leg	$670K	$1.1M	20x
Paragon para:SMCI	+0.0060%	1h	41.182	−0.069%	$158K	$241K	10x	as long as short
SoDEX SMCI-USDshort	+0.0065%	1h	41.180	−0.073%	$133	$3K	10x
QFEX SMCI-USD	+0.0080%	1h	41.200	−0.024%	$1.1M	$1.8M	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.170	−0.097%	$462K	$629K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.180	−0.073%	$8K	$292K	10x	as long as short
Variational Omni SMCI	+0.0489%	8h	41.189	−0.050%	$151K	$160K	—	as long as short
BloFin SMCI-USDT	+0.0598%	8h	41.220	+0.024%	$80K	$9K	20x	as long as short
Extended SMCI-USD	+0.0600%	1h	41.179	−0.075%	$577	—	10x	as long as short
Binance SMCIUSDT	+0.0606%	8h	41.189	−0.050%	$3.4M	$5.3M	20x	as long as short
GRVT SMCI_USDT_Perp	+0.1731%	8h	41.260	+0.121%	$522	$164K	10x	as long as short