Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h −0.059%

Price spread now: Binance against Paragon+0.144%7-day average +0.143% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$870.865% of the position

Long on Paragon Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 2 days (all we have)+0.057%+$6 · spread now +0.144%, 7d avg +0.143%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.143%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.216%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:SMCI	41.660	0.0060	pay 0.0008% / 1h	45m 05s	$160K	$265K	10x
Short	Binance SMCIUSDT	41.720	0.0219	get 0.0219% / 8h	7h 45m	$3.4M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paragon. 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 ParagonbpFee BinancebpOrdersPrice spread, now +0.144%Rate

Funding earned: $33.46
Price spread: +0.144% → +0.143%: $0.12
Slippage, 4 orders: −$66.54
Fee Paragon: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.96
Costs to cover: 0.865%
Break-even: 18.1 days

Slippage from Paragon: live order book, 10 min ago; Binance: live order book, 8 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 Paragon live order book, 10 min ago	25.27 bp	30.3 bp −$30	132.5 bp −$1,325	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.40 bp	13.3 bp −$13	47.3 bp −$473	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	41.170	−1.176%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.700	+0.096%	$1.0M	$665K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.740	+0.192%	$695K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.690	+0.072%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.682	+0.053%	$1.3M	$512K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.710	+0.120%	$1.6M	$253K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.720	+0.144%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.696	+0.086%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0055%	8h	41.744	+0.201%	$97K	$109K	—	as long as short
Paragon para:SMCIlong	+0.0060%	1h	41.660	long leg	$160K	$265K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.650	−0.024%	$464K	$530K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.670	+0.024%	$8K	$284K	10x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.711	+0.123%	$583	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0217%	8h	41.710	+0.120%	$79K	$9K	20x	as long as short
Binance SMCIUSDTshort	+0.0219%	8h	41.720	+0.144%	$3.4M	$5.2M	20x
GRVT SMCI_USDT_Perp	+0.0400%	8h	41.643	−0.041%	$749	$156K	10x	as long as short
SoDEX SMCI-USD	+0.0407%	1h	41.700	+0.096%	$125	$3K	10x	as long as short