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 −0.045%

Price spread now: Variational Omni against GRVT+0.031%7-day average −0.009% · you sell dearer than you buy

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.031%, 7d avg −0.009%

Together, before fees−0.180%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.040% dearer against GRVT than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.009%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SMCI_USDT_Perp	41.210	0.0060	pay 0.0060% / 8h	2h 50m	$483	$165K	10x
Short	Variational Omni SMCI	41.223	0	get 0.0000% / 8h	2h 50m	$107K	$120K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now +0.031%Rate

Funding earned: −$12.6
Price spread: +0.031% → −0.009%: $4.02
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.58
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 57 min ago; Variational Omni: RFQ quote, 38 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 GRVT live order book, 57 min ago	4.83 bp	54.6 bp −$55	128.0 bp −$1,280	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 38 min ago	5.71 bp	doesn't fit	89.1 bp −$891	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	40.730	−1.165%	$4K	$90	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.190	−0.049%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	−0.073%	$687K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.200	−0.024%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.195	−0.036%	$1.3M	$501K	20x	as long as short
Variational Omni SMCIshort	0.0000%	8h	41.223	+0.031%	$107K	$120K	—
Phemex SMCIUSDT	0.0000%	8h	41.220	+0.024%	$1.6M	$258K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.195	−0.036%	$32K	$5K	10x	as long as short
BloFin SMCI-USDT	+0.0051%	8h	41.240	+0.073%	$80K	$9K	20x	as long as short
QFEX SMCI-USD	+0.0056%	1h	41.220	+0.024%	$1.1M	$1.8M	10x	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	41.148	−0.150%	$158K	$265K	10x	as long as short
GRVT SMCI_USDT_Perplong	+0.0060%	8h	41.210	long leg	$483	$165K	10x
Binance SMCIUSDT	+0.0078%	8h	41.236	+0.063%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0080%	1h	41.229	+0.045%	$576	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.170	−0.097%	$460K	$468K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.200	−0.024%	$8K	$285K	10x	as long as short
SoDEX SMCI-USD	+0.0343%	1h	41.220	+0.024%	$152	$3K	10x	as long as short