Settings8H · net · $10k
Funding arb · Price arb /

SMCI

RWAall SMCI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Phemex0.000%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1341.339% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.005%−$1 · spread now 0.000%, 7d avg −0.010%
Together, before fees−0.005%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex SMCIUSDT41.6600get 0.0000% / 8h6h 58m$1.6M$246K10x
ShortOKX SMCI-USDT-SWAP41.6600get 0.0000% / 8h6h 58m$694K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Phemex. 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

Funding earned
$0
Price spread: 0.000% → −0.010%
$0.99
Slippage, 4 orders
−$111.93
Fee Phemex: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$132.94
Costs to cover
1.339%
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago2.40 bp47.0 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 3 min ago6.00 bp20.7 bp −$21doesn't fitdoesn't fitdoesn't fit

SMCI on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SMCI/USDC PERP−0.0220%1h41.240−1.008%$4K$9312xas long as short
Bybit SMCIUSDT0.0000%8h41.630−0.072%$1.0M$648K25xas long as short
OKX SMCI-USDT-SWAPshort0.0000%8h41.6600.000%$694K$1.1M20x
Gate SMCI_USDT0.0000%8h41.630−0.072%$1.6M$1.6M20xas long as short
Bitget SMCIUSDT0.0000%8h41.639−0.050%$1.3M$506K20xas long as short
Phemex SMCIUSDTlong0.0000%8h41.660long leg$1.6M$246K10x
QFEX SMCI-USD+0.0023%1h41.650−0.024%$1.1M$2.2M10xas long as short
Lighter RH SMCI+0.0032%1h41.647−0.031%$32K$5K10xas long as short
SoDEX SMCI-USD+0.0050%1h41.650−0.024%$137$3K10xas long as short
Paragon para:SMCI+0.0060%1h41.630−0.073%$160K$265K10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SMCIUSDTM+0.0100%8h41.620−0.096%$463K$518K20xas long as short
HTX SMCI-USDT+0.0100%8h41.650−0.024%$8K$284K10xas long as short
Variational Omni SMCI+0.0104%8h41.663+0.007%$97K$109Kas long as short
Extended SMCI-USD+0.0240%1h41.620−0.097%$583$10K10xas long as short
Binance SMCIUSDT+0.0243%8h41.645−0.037%$3.4M$5.1M20xas long as short
BloFin SMCI-USDT+0.0264%8h41.690+0.072%$79K$9K20xas long as short
GRVT SMCI_USDT_Perp+0.0314%8h41.651−0.021%$422$154K10xas long as short