Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h −0.022%

Price spread now: Bitget against SoDEX0.000%7-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 Bitget

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: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	41.590	0.0182	pay 0.0023% / 1h	23m 44s	$136	$3K	10x
Short	Bitget SMCIUSDT	41.590	0	get 0.0000% / 8h	7h 23m	$1.3M	$508K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$38.26
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bitget: 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 Bitget live order book, 3 min ago	9.00 bp	231.7 bp −$232	542.6 bp −$5,426	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 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	−1.058%	$4K	$96	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.600	+0.024%	$1.0M	$657K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.700	+0.264%	$696K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.640	+0.120%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.590	0.000%	$1.3M	$508K	20x
Phemex SMCIUSDT	0.0000%	8h	41.630	+0.096%	$1.6M	$247K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.590	0.000%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.596	+0.014%	$32K	$5K	10x	as long as short
Paragon para:SMCI	+0.0064%	1h	41.561	−0.071%	$160K	$265K	10x	as long as short
Variational Omni SMCI	+0.0093%	8h	41.683	+0.224%	$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	41.550	−0.096%	$463K	$526K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.640	+0.120%	$8K	$284K	10x	as long as short
SoDEX SMCI-USDlong	+0.0182%	1h	41.590	long leg	$136	$3K	10x
Extended SMCI-USD	+0.0240%	1h	41.587	−0.006%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0240%	8h	41.606	+0.038%	$3.4M	$5.1M	20x	as long as short
BloFin SMCI-USDT	+0.0270%	8h	41.680	+0.216%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0420%	8h	41.680	+0.217%	$642	$154K	10x	as long as short