SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.84 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against Bybit+0.081%7-day average +0.012% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.081%, 7d avg +0.012%

Together, before fees−0.255%+ Points / potential airdropVariational Omni: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.500	0	get 0.0000% / 8h	6h 42m	$1.0M	$648K	25x
Short	Variational Omni SMCI	41.534	0.0084	get 0.0084% / 8h	6h 42m	$97K	$109K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.081%Rate

Funding earned: $17.56
Price spread: +0.081% → +0.012%: $6.92
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $13.47
Costs to cover: 0.110%
Break-even: 1.6 days

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 1 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 Bybit live order book, 2 min ago	4.82 bp	84.1 bp −$84	205.2 bp −$2,052	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	5.69 bp	doesn't fit	90.2 bp −$902	doesn't fit	doesn't fit

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	−0.843%	$4K	$94	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.500	long leg	$1.0M	$648K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.520	+0.048%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.510	+0.024%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.513	+0.031%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.530	+0.072%	$1.6M	$247K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.477	−0.055%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.520	+0.048%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.520	+0.048%	$135	$3K	10x	as long as short
Variational Omni SMCIshort	+0.0084%	8h	41.534	+0.081%	$97K	$109K	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.490	−0.024%	$462K	$509K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.540	+0.096%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0166%	8h	41.530	+0.072%	$78	$153K	10x	as long as short
Extended SMCI-USD	+0.0224%	1h	41.530	+0.071%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0225%	8h	41.530	+0.072%	$3.4M	$5.1M	20x	as long as short
BloFin SMCI-USDT	+0.0230%	8h	41.590	+0.217%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.1093%	1h	41.594	+0.227%	$160K	$265K	10x	as long as short