SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.051%

Price spread now: Phemex against GRVT−0.024%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1711.710% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.024%, 7d avg −0.022%

Together, before fees−0.086%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, 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	GRVT SMCI_USDT_Perp	40.920	0.0060	pay 0.0060% / 8h	50m 56s	$540	$169K	10x
Short	Phemex SMCIUSDT	40.910	0	get 0.0000% / 8h	50m 56s	$1.6M	$259K	10x

Funding history

latest

Range statsloading…

Phemex against GRVT. 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 GRVTbpFee PhemexbpOrdersPrice spread, now −0.024%Rate

Slippage from GRVT: live order book, 46 min ago; Phemex: live order book, 2 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 46 min ago	4.88 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	3.67 bp	45.2 bp −$45	doesn't fit	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	40.570	−0.855%	$4K	$88	12x	as long as short
Bitget SMCIUSDT	−0.0168%	8h	40.891	−0.071%	$1.3M	$506K	20x	as long as short
BloFin SMCI-USDT	−0.0024%	8h	40.950	+0.073%	$80K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.896	−0.058%	$573	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.907	−0.032%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.880	−0.098%	$996K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.890	−0.073%	$678K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.880	−0.098%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.932	+0.030%	$116K	$127K	—	as long as short
Phemex SMCIUSDTshort	0.0000%	8h	40.910	−0.024%	$1.6M	$259K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.888	−0.078%	$37K	$10K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.890	−0.073%	$130	$3K	10x	as long as short
GRVT SMCI_USDT_Perplong	+0.0060%	8h	40.920	long leg	$540	$169K	10x
QFEX SMCI-USD	+0.0067%	1h	40.920	0.000%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.860	−0.147%	$459K	$504K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.910	−0.024%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0376%	1h	40.885	−0.085%	$157K	$266K	10x	as long as short