Funding arb · Price arb /

SMCI

RWAall SMCI markets

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 0.000%

Price spread now: Bitget against OKX−0.094%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$2892.895% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.094%, 7d avg +0.002%

Together, before fees+0.147%+$15 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 0.096% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	41.560	0	get 0.0000% / 8h	5h 01m	$689K	$1.1M	20x
Short	Bitget SMCIUSDT	41.521	0	get 0.0000% / 8h	5h 01m	$1.3M	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → +0.002%: −$9.61
Slippage, 4 orders: −$267.49
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$299.1
Costs to cover: 2.895%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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 OKX live order book, 5 min ago	4.81 bp	13.3 bp −$13	3747.9 bp −$37.5K	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.85 bp	234.9 bp −$235	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	41.140	−1.011%	$4K	$96	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.510	−0.120%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	41.560	long leg	$689K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.530	−0.072%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.521	−0.094%	$1.3M	$504K	20x
Phemex SMCIUSDT	0.0000%	8h	41.540	−0.048%	$1.6M	$249K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.540	−0.048%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.500	−0.144%	$1.1M	$2.0M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.540	−0.048%	$144	$3K	10x	as long as short
Variational Omni SMCI	+0.0071%	8h	41.552	−0.019%	$98K	$110K	—	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	41.510	−0.120%	$463K	$478K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.550	−0.024%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0169%	8h	41.567	+0.017%	$255	$156K	10x	as long as short
Binance SMCIUSDT	+0.0192%	8h	41.550	−0.024%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0192%	1h	41.539	−0.051%	$580	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0222%	8h	41.550	−0.024%	$33K	$9K	20x	as long as short
Paragon para:SMCI	+0.1256%	1h	41.500	−0.145%	$159K	$265K	10x	as long as short