Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%

Price spread now: Gate 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 Gate

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. Gate is 0.024% dearer against SoDEX than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	41.520	0.0050	pay 0.0006% / 1h	11m 18s	$148	$3K	10x
Short	Gate SMCI_USDT	41.530	0	get 0.0000% / 8h	4h 11m	$1.6M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.024%Rate

Funding earned: −$10.5
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.09
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	8.43 bp	162.7 bp −$163	doesn't fit	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	41.120	−0.963%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.520	0.000%	$1.0M	$647K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.580	+0.145%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDTshort	0.0000%	8h	41.530	+0.024%	$1.6M	$1.6M	20x
Bitget SMCIUSDT	0.0000%	8h	41.540	+0.048%	$1.3M	$503K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.540	+0.048%	$1.6M	$250K	10x	as long as short
QFEX SMCI-USD	+0.0021%	1h	41.490	−0.072%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.513	−0.017%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0038%	8h	41.553	+0.079%	$98K	$110K	—	as long as short
SoDEX SMCI-USDlong	+0.0050%	1h	41.520	long leg	$148	$3K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.500	−0.048%	$463K	$481K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.550	+0.072%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0120%	8h	41.558	+0.091%	$307	$160K	10x	as long as short
BloFin SMCI-USDT	+0.0121%	8h	41.550	+0.072%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0144%	1h	41.525	+0.012%	$582	$10K	10x	as long as short
Binance SMCIUSDT	+0.0148%	8h	41.534	+0.034%	$3.4M	$5.2M	20x	as long as short
Paragon para:SMCI	+0.1157%	1h	41.480	−0.095%	$159K	$265K	10x	as long as short