SMCI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Paragonpara:SMCI	42.148	+0.0096	pay 0.0012% / 1h	54m 37s	$316K	$12K	10x	Long Paragon
SHORT	PopdexSMCIUSDT	42.250	+0.0048	get 0.0006% / 1h	54m 37s	$111K	$119K	20x	Short Popdex

Price gap+0.243%

Funding gap−0.0048% /8h

The gap pays +$19 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 13 days. At the last 7 days' pace that is about 2.9 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$40−0.0048% /8h now · paid −0.403% over the last 6 days (all we have)

Price+$19spread +0.243% now, avg +0.052% → +0.191% if it goes back

Costs−$1501.499% of $10k · taker + slippage, in and out

Result−$171−1.71%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.243%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SMCI on 19 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

Watch: Thin at this size29.8 / 54.2 bp
At $10k entering Popdex costs 54.2 bp, fee and slippage, 1.8× Paragon’s.
Note: Margin at max leverage$1,000 + $500
Paragon 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.45Long Paragon: 24 payments, −$2.89; short Popdex: 24 payments, +$1.44.
OK: Entry gap works for you+0.243% vs +0.052%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$111K vs $316K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legParagon No · Popdex No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0218%/8h × 21 periods−$45.76

Price spread+0.243% → +0.052% (7d avg)+$19.09

Slippage, 4 orderslive order books−$141.66

Fee Paragon bp × 2 orders−$1.80

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$176.54

Costs to cover1.499%Break-evennever at this rate

Slippage: Paragon: live order book, 64 min ago; Popdex: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGParagon28.7529.8 bp−$30106.8 bp−$1,068doesn’t fitdoesn’t fit

SELL · SHORTPopdex4.7454.2 bp−$54doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

SMCI news

posts that mention SMCI, from every exchangeSearch all news →

09-25 19:03	Paragon	Other	Supermicro showed an H14 PCIe GPU system built for AMD Instinct MI350P in Taipei. $SMCI trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now on Hyperliquid: @tradeparagon on X ↗
09-25 14:38	Paragon	Other	$TREAD led Paragon markets over the last 24h at +40.63%, with $SMCI +7.48%, $ANSEM +7.43% and $CRDO +7.06% rounding out the top of the board. @tradeparagon on X ↗
09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-17 17:43	Paragon	Other	$TREAD led Paragon markets over the past 24h at +25.99%, ahead of $SMCI at +10.56% and $ANSEM at +9.29%, with $UNITREE up 6.50%. @tradeparagon on X ↗
09-17 11:29	BloFin	Listing	BloFin Futures will list the $TQQQ-USDT, $SQQQ-USDT, $RDDT-USDT, $CRWD-USDT, and $SMCI-USDT Perpetual Contracts 🫡 Trade to take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗