Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%

Price spread now: Bitget against Binance−0.100%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 2 days (all we have)+0.295%+$30 · spread now −0.100%, 7d avg −0.016%

Together, before fees+0.263%+$26 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: Bitget is 0.084% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.175	0	get 0.0000% / 8h	3h 30m	$3.4M	$5.7M	20x
Short	Bitget SMCIUSDT	41.134	0	get 0.0000% / 8h	3h 30m	$1.3M	$584K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.016%: −$8.37
Slippage, 4 orders: −$57.86
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$88.23
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 2 min ago.

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 Binance live order book, 14 min ago	2.42 bp	11.2 bp −$11	58.9 bp −$589	1105.8 bp −$110.6K	doesn't fit
Sell Bitget live order book, 2 min ago	4.13 bp	30.3 bp −$30	45.8 bp −$458	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	40.730	−1.081%	$4K	$99	12x	as long as short
Extended SMCI-USD	0.0000%	1h	41.172	−0.008%	$576	$10K	10x	as long as short
Binance SMCIUSDTlong	0.0000%	8h	41.175	long leg	$3.4M	$5.7M	20x
Bybit SMCIUSDT	0.0000%	8h	41.120	−0.134%	$1.0M	$659K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.170	−0.012%	$699K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.130	−0.109%	$1.6M	$1.9M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.134	−0.100%	$1.3M	$584K	20x
Variational Omni SMCI	0.0000%	8h	41.179	+0.011%	$67K	$169K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	41.190	+0.036%	$75	$157K	10x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.170	−0.012%	$1.6M	$279K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0007%	8h	41.180	+0.012%	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.159	−0.039%	$32K	$7K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.170	−0.012%	$1.1M	$2.1M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.160	−0.037%	$123	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.123	−0.125%	$158K	$264K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.100	−0.182%	$458K	$558K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.230	+0.133%	$8K	$290K	10x	as long as short