SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.093%

Price spread now: Paragon against Phemex+0.036%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1591.592% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.036%, 7d avg +0.027%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, 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	40.900	0	get 0.0000% / 8h	2h 26m	$1.6M	$260K	10x
Short	Paragon para:SMCI	40.915	0.0060	get 0.0008% / 1h	26m 03s	$157K	$266K	10x

Funding history

latest

Range statsloading…

Paragon 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 ParagonbpOrdersPrice spread, now +0.036%Rate

Slippage from Phemex: live order book, 2 min ago; Paragon: live order book, 49 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	2.44 bp	44.4 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 49 min ago	28.75 bp	33.9 bp −$34	106.6 bp −$1,066	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	40.600	−0.733%	$4K	$91	12x	as long as short
Bitget SMCIUSDT	−0.0126%	8h	40.929	+0.071%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.890	−0.024%	$995K	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.900	0.000%	$679K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.910	+0.024%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.883	−0.041%	$116K	$130K	—	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	40.900	long leg	$1.6M	$260K	10x
Lighter RH SMCI	+0.0032%	1h	40.909	+0.022%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.890	−0.024%	$150	$3K	10x	as long as short
Binance SMCIUSDT	+0.0055%	8h	40.898	−0.005%	$3.4M	$5.3M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SMCI-USD	+0.0056%	1h	40.877	−0.055%	$573	$10K	10x	as long as short
QFEX SMCI-USD	+0.0056%	1h	40.910	+0.024%	$1.1M	$1.8M	10x	as long as short
Paragon para:SMCIshort	+0.0060%	1h	40.915	+0.036%	$157K	$266K	10x
BloFin SMCI-USDT	+0.0067%	8h	40.950	+0.122%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0073%	8h	40.990	+0.220%	$427	$166K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.890	−0.024%	$456K	$465K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.910	+0.024%	$8K	$285K	10x	as long as short