Funding arb · Price arb /

SMCI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Gate against Variational Omni−0.080%7-day average −0.053% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.080%, 7d avg −0.053%

Together, before fees+0.090%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SMCI	40.953	0	get 0.0000% / 8h	58m 31s	$116K	$127K	—
Short	Gate SMCI_USDT	40.920	0	get 0.0000% / 8h	58m 31s	$1.5M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.053%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Gate: live order book, 4 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 Variational Omni RFQ quote, 21 min ago	3.77 bp	doesn't fit	91.1 bp −$911	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	7.33 bp	125.2 bp −$125	doesn't fit	doesn't fit	doesn't fit

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	40.590	−0.886%	$4K	$87	12x	as long as short
Bitget SMCIUSDT	−0.0163%	8h	40.916	−0.090%	$1.3M	$506K	20x	as long as short
BloFin SMCI-USDT	−0.0004%	8h	40.990	+0.091%	$79K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.929	−0.059%	$573	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.940	−0.031%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.920	−0.080%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.930	−0.056%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDTshort	0.0000%	8h	40.920	−0.080%	$1.5M	$1.4M	20x
Variational Omni SMCIlong	0.0000%	8h	40.953	long leg	$116K	$127K	—
Phemex SMCIUSDT	0.0000%	8h	40.940	−0.031%	$1.6M	$260K	10x	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	40.922	−0.075%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0063%	8h	40.970	+0.042%	$255	$168K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.950	−0.007%	$1.1M	$1.8M	10x	as long as short
SoDEX SMCI-USD	+0.0082%	1h	40.940	−0.031%	$128	$3K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.940	−0.031%	$460K	$500K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.980	+0.066%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0324%	1h	40.920	−0.081%	$157K	$266K	10x	as long as short