SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0157%/8h= +17.2% APRnext payment +$1.57 per $10,000 · paid last 24h +0.032%

Price spread now: Binance against Phemex0.000%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1261.264% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg +0.005%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SMCIUSDT	41.550	0	get 0.0000% / 8h	4h 16m	$1.6M	$250K	10x
Short	Binance SMCIUSDT	41.550	0.0157	get 0.0157% / 8h	4h 16m	$3.4M	$5.2M	20x

Funding history

latest

Range statsloading…

Binance against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhemexbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 6 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 2 min ago	3.61 bp	53.6 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.20 bp	15.9 bp −$16	60.7 bp −$607	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	41.190	−0.866%	$4K	$93	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.530	−0.048%	$1.0M	$647K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.590	+0.096%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.540	−0.024%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.542	−0.019%	$1.3M	$503K	20x	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	41.550	long leg	$1.6M	$250K	10x
QFEX SMCI-USD	+0.0021%	1h	41.540	−0.024%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.546	−0.010%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0044%	8h	41.597	+0.114%	$98K	$110K	—	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.540	−0.024%	$149	$3K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.530	−0.048%	$463K	$481K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.560	+0.024%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0140%	8h	41.583	+0.080%	$307	$160K	10x	as long as short
BloFin SMCI-USDT	+0.0145%	8h	41.560	+0.024%	$80K	$9K	20x	as long as short
Binance SMCIUSDTshort	+0.0157%	8h	41.550	0.000%	$3.4M	$5.2M	20x
Extended SMCI-USD	+0.0160%	1h	41.539	−0.027%	$582	$10K	10x	as long as short
Paragon para:SMCI	+0.1282%	1h	41.520	−0.072%	$159K	$265K	10x	as long as short