SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.027%

Price spread now: Phemex against BloFin−0.171%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.171% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SMCI-USDT	41.040	0.0030	pay 0.0030% / 8h	1h 38m	$80K	$9K	20x
Short	Phemex SMCIUSDT	40.970	0	get 0.0000% / 8h	1h 38m	$1.6M	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$6.28
Price spread: −0.171% → 0.000%: −$17.06
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$47.33
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Phemex: live order book, 4 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 BloFin no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	2.44 bp	40.0 bp −$40	doesn't fit	doesn't fit	doesn't fit

BloFin: 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	40.640	−0.975%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0135%	8h	41.014	−0.063%	$1.3M	$465K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.940	−0.244%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.980	−0.146%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.960	−0.195%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.993	−0.115%	$116K	$127K	—	as long as short
Phemex SMCIUSDTshort	0.0000%	8h	40.970	−0.171%	$1.6M	$262K	10x
BloFin SMCI-USDTlong	+0.0030%	8h	41.040	long leg	$80K	$9K	20x
Binance SMCIUSDT	+0.0030%	8h	40.970	−0.171%	$3.4M	$5.4M	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.951	−0.217%	$32K	$5K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SMCI-USD	+0.0032%	1h	40.960	−0.195%	$576	—	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.960	−0.195%	$134	$3K	10x	as long as short
Paragon para:SMCI	+0.0068%	1h	40.924	−0.282%	$157K	$266K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0075%	8h	41.000	−0.097%	$123	$170K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.990	−0.122%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.950	−0.219%	$459K	$484K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.960	−0.195%	$8K	$285K	10x	as long as short