Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.008%

Price spread now: KuCoin against SoDEX−0.098%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on KuCoin

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.098% cheaper against SoDEX than usual: you would sell low and buy high, −$10 on $10k if it 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	40.930	0.0092	pay 0.0012% / 1h	30m 43s	$133	$3K	10x
Short	KuCoin SMCIUSDTM	40.890	0.0100	get 0.0100% / 8h	30m 43s	$460K	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.098%Rate

Funding earned: $1.65
Price spread: −0.098% → 0.000%: −$9.77
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.12
Costs to cover: 0.200%
Break-even: 126.1 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: 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 KuCoin live order book, 3 min ago	12.23 bp	325.8 bp −$326	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	40.550	−0.928%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0151%	8h	40.935	+0.012%	$1.3M	$502K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.920	−0.024%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.940	+0.024%	$677K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.920	−0.024%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.937	+0.018%	$124K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.940	+0.024%	$1.6M	$259K	10x	as long as short
Extended SMCI-USD	+0.0008%	1h	40.939	+0.022%	$573	—	10x	as long as short
Binance SMCIUSDT	+0.0009%	8h	40.950	+0.049%	$3.4M	$5.3M	20x	as long as short
BloFin SMCI-USDT	+0.0022%	8h	41.000	+0.171%	$79K	$9K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.891	−0.095%	$40K	$13K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.950	+0.049%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0085%	8h	40.959	+0.070%	$487	$169K	10x	as long as short
SoDEX SMCI-USDlong	+0.0092%	1h	40.930	long leg	$133	$3K	10x
KuCoin SMCIUSDTMshort	+0.0100%	8h	40.890	−0.098%	$460K	$504K	20x
HTX SMCI-USDT	+0.0100%	8h	40.950	+0.049%	$8K	$287K	10x	as long as short
Paragon para:SMCI	+0.0105%	1h	40.892	−0.093%	$157K	$266K	10x	as long as short