SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.018%

Price spread now: QFEX against Binance−0.051%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.455% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.051%, 7d avg −0.053%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	40.361	0	get 0.0000% / 8h	7h 28m	$3.3M	$5.3M	20x
Short	QFEX SMCI-USD	40.340	0.0054	get 0.0007% / 1h	28m 19s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

QFEX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BinancebpFee QFEXbpOrdersPrice spread, now −0.051%Rate

Slippage from Binance: live order book, 9 min ago; QFEX: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 9 min ago	2.46 bp	13.4 bp −$13	44.9 bp −$449	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.48 bp	9.9 bp −$10	17.8 bp −$178	doesn't fit	doesn't fit

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	40.460	+0.246%	$4K	$86	12x	as long as short
Bitget SMCIUSDT	−0.0079%	8h	40.342	−0.046%	$1.3M	$520K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.354	−0.016%	$566	—	10x	as long as short
Binance SMCIUSDTlong	0.0000%	8h	40.361	long leg	$3.3M	$5.3M	20x
Bybit SMCIUSDT	0.0000%	8h	40.370	+0.023%	$984K	$299K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.320	−0.100%	$666K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.360	−0.001%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.378	+0.044%	$149K	$160K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	40.359	−0.005%	$517	$169K	10x	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.340	−0.051%	$1.6M	$258K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0023%	8h	40.350	−0.026%	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.339	−0.053%	$39K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.330	−0.076%	$136	$3K	10x	as long as short
QFEX SMCI-USDshort	+0.0054%	1h	40.340	−0.051%	$1.1M	$1.8M	10x
KuCoin SMCIUSDTM	+0.0100%	8h	40.370	+0.023%	$454K	$541K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.410	+0.123%	$8K	$288K	10x	as long as short
Paragon para:SMCI	+0.0715%	1h	40.380	+0.047%	$155K	$241K	10x	as long as short