SMCI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKSMCI2USD-USDT	27.070	+0.0777	pay 0.0777% / 8h	7h 41m	$998K	$1.3M	—	Long BingX
SHORT	QFEXSMCI-USD	26.850	−0.0017	pay 0.0002% / 1h	41m 55s	$773K	$783K	10x	Short QFEX37% off

Price gap−0.813%48s

Funding gap−0.0794% /8h

Both sides work against this direction now: funding costs $24 a day on $10k and the gap is 0.659% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$16−0.0794% /8h now · paid −0.155% over the last 7D

Price—spread −0.813%48s now · prices read too far apart to compare

Costs−$550.552% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.155% in total, about −0.0074%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.813%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SMCI on 20 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size10.5 / 15.7 bp
At $10k entering QFEX costs 15.7 bp, fee and slippage, 1.5× BingX’s.
Note: Margin at max leverage— + $1,000
BingX —, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$23.81Long BingX: 3 payments, −$23.31; short QFEX: 24 payments, −$0.50.
Watch: Prices read 48 s apart−0.813% vs −0.154%
Part of this gap may be the market moving.
Watch: Short leg is thinner$773K vs $998K OI
QFEX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · QFEX No
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0074%/8h × 21 periods−$15.53

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$25.18

Fee BingX bp × 2 orders−$10.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$70.71

price spread not counted: prices read too far apart

Costs to cover0.552%Break-evennever at this rate

Slippage: BingX: live order book, 11 min ago; QFEX: live order book, 31 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX1.9210.5 bp−$1124.4 bp−$244202.5 bp−$20.3K842.5 bp−$421.2K

SELL · SHORTQFEX5.6815.7 bp−$1616.4 bp−$164doesn’t fitdoesn’t fit

Closing costs about the same again.

SMCI news

posts that mention SMCI, from every exchange

11-02 03:49	Backpack	Other	Earnings & macro to watch for Nov 2–6 ▸ Macro: US midterm elections, BoE decision, Oct jobs report ▸ Earnings: $AAPL $PLTR $AMD $SHOP $SMCI $ANET $UBER $APP $MCD $QCOM $ARM $CRCL $NET $IONQ $SOUN $ABNB $IREN $OKLO $XYZ $AFRM $DKNG Full market calendar → @Backpack on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-25 19:03	Paragon	Other	Supermicro showed an H14 PCIe GPU system built for AMD Instinct MI350P in Taipei. $SMCI trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now on Hyperliquid: @tradeparagon on X ↗
09-25 14:38	Paragon	Other	$TREAD led Paragon markets over the last 24h at +40.63%, with $SMCI +7.48%, $ANSEM +7.43% and $CRDO +7.06% rounding out the top of the board. @tradeparagon on X ↗
09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-17 17:43	Paragon	Other	$TREAD led Paragon markets over the past 24h at +25.99%, ahead of $SMCI at +10.56% and $ANSEM at +9.29%, with $UNITREE up 6.50%. @tradeparagon on X ↗