Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%

Price spread now: Bitget against SoDEX+0.146%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 Bitget

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

The price spread pays, funding is against you. Bitget is 0.146% dearer against SoDEX than usual: you sell high and buy low (spread +0.146% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	41.120	0.0050	pay 0.0006% / 1h	2m 59s	$148	$3K	10x
Short	Bitget SMCIUSDT	41.180	0	get 0.0000% / 8h	3h 02m	$1.3M	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.146%Rate

Funding earned: −$10.5
Price spread: +0.146% → 0.000%: $14.59
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.91
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	8.98 bp	163.5 bp −$163	261.2 bp −$2,612	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	40.800	−0.778%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.090	−0.073%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.140	+0.049%	$687K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.120	0.000%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.180	+0.146%	$1.3M	$502K	20x
Variational Omni SMCI	0.0000%	8h	41.218	+0.238%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.150	+0.073%	$1.6M	$257K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.160	+0.097%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.111	−0.022%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0041%	8h	41.175	+0.134%	$265	$165K	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	41.120	long leg	$148	$3K	10x
BloFin SMCI-USDT	+0.0068%	8h	41.140	+0.049%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0072%	1h	41.113	−0.018%	$576	$10K	10x	as long as short
Binance SMCIUSDT	+0.0074%	8h	41.127	+0.018%	$3.4M	$5.3M	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.090	−0.073%	$459K	$471K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.130	+0.024%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0151%	1h	41.120	0.000%	$158K	$265K	10x	as long as short