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: GRVT against Phemex+0.024%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as 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	Phemex SMCIUSDT	40.910	0	get 0.0000% / 8h	50m 55s	$1.6M	$259K	10x
Short	GRVT SMCI_USDT_Perp	40.920	0.0060	get 0.0060% / 8h	50m 55s	$540	$169K	10x

Funding history

latest

Range statsloading…

GRVT against Phemex. 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 PhemexbpFee GRVTbpOrdersPrice spread, now +0.024%Rate

Slippage from Phemex: live order book, 2 min ago; GRVT: live order book, 46 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	3.67 bp	54.9 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 46 min ago	4.88 bp	34.6 bp −$35	89.8 bp −$898	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	−0.831%	$4K	$88	12x	as long as short
Bitget SMCIUSDT	−0.0168%	8h	40.891	−0.046%	$1.3M	$506K	20x	as long as short
BloFin SMCI-USDT	−0.0024%	8h	40.950	+0.098%	$80K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.896	−0.033%	$573	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.908	−0.004%	$3.4M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.880	−0.073%	$996K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.890	−0.049%	$678K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.880	−0.073%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.902	−0.019%	$116K	$125K	—	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	40.910	long leg	$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	−0.054%	$37K	$10K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.890	−0.049%	$130	$3K	10x	as long as short
GRVT SMCI_USDT_Perpshort	+0.0060%	8h	40.920	+0.024%	$540	$169K	10x
QFEX SMCI-USD	+0.0067%	1h	40.920	+0.024%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.860	−0.122%	$459K	$504K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.910	0.000%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0376%	1h	40.885	−0.061%	$157K	$266K	10x	as long as short