Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0143%/8h= +15.6% APRpaid last 24h +0.029%

Price spread now: Extended against Variational Omni−0.060%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

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—+ Points / potential airdropVariational Omni: Active · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.060% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 34 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SMCI	41.553	0.0065	pay 0.0065% / 8h	5h 51m	$98K	$110K	—
Short	Extended SMCI-USD	41.528	0.0208	get 0.0026% / 1h	51m 48s	$580	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: $30.01
Price spread: −0.060% → 0.000%: −$6.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $18.96
Costs to cover: 0.050%
Break-even: 2.6 days

Slippage unknown: Variational Omni: RFQ quote, 52 min ago; Extended: no order-book sample. 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 Variational Omni RFQ quote, 52 min ago	5.69 bp	doesn't fit	72.5 bp −$725	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 16 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	41.150	−0.970%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.490	−0.152%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.560	+0.017%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.510	−0.104%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.516	−0.089%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.520	−0.080%	$1.6M	$246K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.509	−0.106%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.530	−0.056%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.530	−0.056%	$140	$3K	10x	as long as short
Variational Omni SMCIlong	+0.0065%	8h	41.553	long leg	$98K	$110K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.480	−0.176%	$462K	$499K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.540	−0.032%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0195%	8h	41.532	−0.051%	$29	$154K	10x	as long as short
Binance SMCIUSDT	+0.0205%	8h	41.523	−0.074%	$3.4M	$5.1M	20x	as long as short
Extended SMCI-USDshort	+0.0208%	1h	41.528	−0.060%	$580	$10K	10x
Paragon para:SMCI	+0.1456%	1h	41.480	−0.176%	$159K	$265K	10x	as long as short