SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.014%

Price spread now: QFEX against Gate0.000%7-day average +0.002% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3203.200% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days+0.054%+$5 · spread now 0.000%, 7d avg +0.002%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	41.570	0	get 0.0000% / 8h	7h 53m	$1.6M	$1.7M	20x
Short	QFEX SMCI-USD	41.570	0.0023	get 0.0003% / 1h	53m 54s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now 0.000%Rate

Slippage from Gate: live order book, 4 min ago; QFEX: live order book, 8 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	3.61 bp	23.8 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	102.57 bp	110.0 bp −$110	118.6 bp −$1,186	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	41.010	−1.347%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.580	+0.024%	$1.0M	$665K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.620	+0.120%	$693K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	41.570	long leg	$1.6M	$1.7M	20x
Bitget SMCIUSDT	0.0000%	8h	41.564	−0.014%	$1.3M	$512K	20x	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	41.560	−0.024%	$15	$156K	10x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.590	+0.048%	$1.6M	$255K	10x	as long as short
QFEX SMCI-USDshort	+0.0023%	1h	41.570	0.000%	$1.1M	$2.3M	10x
Lighter RH SMCI	+0.0032%	1h	41.588	+0.043%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0056%	8h	41.584	+0.035%	$97K	$109K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:SMCI	+0.0060%	1h	41.543	−0.065%	$159K	$265K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.530	−0.096%	$463K	$532K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.590	+0.048%	$8K	$285K	10x	as long as short
BloFin SMCI-USDT	+0.0199%	8h	41.550	−0.048%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0205%	8h	41.590	+0.048%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0208%	1h	41.581	+0.028%	$580	$10K	10x	as long as short
SoDEX SMCI-USD	+0.0365%	1h	41.590	+0.048%	$121	$3K	10x	as long as short