Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.010%

Price spread now: Binance against SoDEX+0.024%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Binance

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 +$1 a day on $10k at the current rate, and Binance is 0.024% dearer against SoDEX than usual: you sell high and buy low: +$2 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	SoDEX SMCI-USD	41.230	0.0050	pay 0.0006% / 1h	39m 03s	$149	$3K	10x
Short	Binance SMCIUSDT	41.240	0.0086	get 0.0086% / 8h	3h 39m	$3.4M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: $7.46
Price spread: +0.024% → 0.000%: $2.43
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.11
Costs to cover: 0.180%
Break-even: 14.6 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 14 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	2.41 bp	11.9 bp −$12	58.0 bp −$580	doesn't fit	doesn't fit

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	41.060	−0.412%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.210	−0.049%	$1.0M	$571K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.250	+0.049%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.230	0.000%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.224	−0.015%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.104%	$97K	$110K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.240	+0.024%	$1.6M	$252K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0018%	8h	41.273	+0.103%	$485	$163K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.230	0.000%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.211	−0.046%	$32K	$5K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USDlong	+0.0050%	1h	41.230	long leg	$149	$3K	10x
Binance SMCIUSDTshort	+0.0086%	8h	41.240	+0.024%	$3.4M	$5.3M	20x
Extended SMCI-USD	+0.0088%	1h	41.228	−0.004%	$579	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0091%	8h	41.340	+0.267%	$79K	$9K	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.210	−0.049%	$460K	$480K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.290	+0.146%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0404%	1h	41.218	−0.030%	$158K	$265K	10x	as long as short