Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.010%

Price spread now: SoDEX against Binance+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 Binance Short on SoDEX

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. SoDEX is 0.024% dearer against Binance 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 −$5 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.470	0.0218	pay 0.0218% / 8h	6h 36m	$3.4M	$5.2M	20x
Short	SoDEX SMCI-USD	41.480	0.0050	get 0.0006% / 1h	36m 54s	$137	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$35.34
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$50.93
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 1 min ago; SoDEX: 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 Binance live order book, 1 min ago	2.41 bp	16.0 bp −$16	53.2 bp −$532	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	41.150	−0.772%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.440	−0.072%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.490	+0.048%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.480	+0.024%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.454	−0.039%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.500	+0.072%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.454	−0.039%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.520	+0.121%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USDshort	+0.0050%	1h	41.480	+0.024%	$137	$3K	10x
Variational Omni SMCI	+0.0077%	8h	41.604	+0.322%	$97K	$109K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.460	−0.024%	$461K	$507K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.510	+0.096%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0129%	8h	41.521	+0.122%	$855	$153K	10x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.473	+0.006%	$583	$10K	10x	as long as short
Binance SMCIUSDTlong	+0.0218%	8h	41.470	long leg	$3.4M	$5.2M	20x
BloFin SMCI-USDT	+0.0230%	8h	41.590	+0.289%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.1090%	1h	41.515	+0.108%	$159K	$265K	10x	as long as short