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 0.000%

Price spread now: Gate against OKX−0.072%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1941.943% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.072%, 7d avg −0.033%

Together, before fees−0.070%−$7 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 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	41.430	0	get 0.0000% / 8h	36m 02s	$689K	$1.1M	20x
Short	Gate SMCI_USDT	41.400	0	get 0.0000% / 8h	36m 02s	$1.6M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.033%: −$3.89
Slippage, 4 orders: −$169.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$198.18
Costs to cover: 1.943%
Break-even: never at this rate

Slippage from OKX: live order book, just now; Gate: 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 OKX live order book, just now	2.41 bp	19.8 bp −$20	4274.7 bp −$42.7K	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.04 bp	17.5 bp −$17	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	41.000	−1.038%	$4K	$96	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.400	−0.072%	$1.0M	$670K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	41.430	long leg	$689K	$1.1M	20x
Gate SMCI_USDTshort	0.0000%	8h	41.400	−0.072%	$1.6M	$1.8M	20x
Bitget SMCIUSDT	0.0000%	8h	41.397	−0.080%	$1.3M	$533K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.430	0.000%	$1.6M	$264K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.408	−0.053%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.420	−0.024%	$1.1M	$2.3M	10x	as long as short
SoDEX SMCI-USD	+0.0051%	1h	41.400	−0.072%	$124	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.375	−0.133%	$159K	$265K	10x	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	41.390	−0.097%	$462K	$540K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.410	−0.048%	$8K	$284K	10x	as long as short
Variational Omni SMCI	+0.0107%	8h	41.425	−0.011%	$96K	$109K	—	as long as short
BloFin SMCI-USDT	+0.0248%	8h	41.410	−0.048%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0256%	1h	41.423	−0.018%	$578	$10K	10x	as long as short
Binance SMCIUSDT	+0.0258%	8h	41.429	−0.003%	$3.4M	$5.5M	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0404%	8h	41.408	−0.052%	$749	$157K	10x	as long as short