Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.010%

Price spread now: Binance against SoDEX0.000%45s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Binance

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	41.510	0.0050	pay 0.0006% / 1h	49m 38s	$142	$3K	10x
Short	Binance SMCIUSDT	41.510	0.0199	get 0.0199% / 8h	5h 49m	$3.4M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $31.31
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $13.31
Costs to cover: 0.180%
Break-even: 4.0 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 3 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	2.41 bp	15.1 bp −$15	56.2 bp −$562	doesn't fit	doesn't fit

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 16 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	−0.867%	$4K	$93	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.500	−0.024%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.560	+0.120%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.520	+0.024%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.522	+0.029%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.520	+0.024%	$1.6M	$246K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.499	−0.026%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.500	−0.024%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USDlong	+0.0050%	1h	41.510	long leg	$142	$3K	10x
Variational Omni SMCI	+0.0066%	8h	41.532	+0.053%	$98K	$110K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.510	0.000%	$462K	$499K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.520	+0.024%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0188%	8h	41.549	+0.094%	$587	$154K	10x	as long as short
Binance SMCIUSDTshort	+0.0199%	8h	41.510	0.000%	$3.4M	$5.1M	20x
Extended SMCI-USD	+0.0200%	1h	41.499	−0.027%	$580	$10K	10x	as long as short
Paragon para:SMCI	+0.1404%	1h	41.495	−0.037%	$159K	$265K	10x	as long as short