SMCI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexSMCIUSDT	41.580	+0.0048	pay 0.0006% / 1h	14m 23s	$106K	$122K	20x	Long Popdex
SHORT	BybitSMCIUSDT	41.520	0	0.0000% / 8h	2h 14m	$942K	$278K	25x	Short Bybit

Price gap−0.144%

Funding gap−0.0048% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.093% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$11−0.0048% /8h now · paid −0.114% over the last 6 days (all we have)

Price−$9spread −0.144% now, avg −0.052% → −0.093% if it goes back

Costs−$1771.774% of $10k · taker + slippage, in and out

Result−$198−1.98%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−0.144%

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

0 ok · 5 to watch

Watch: Thin at this size36.1 / 74.5 bp
At $10k entering Bybit costs 74.5 bp, fee and slippage, 2.1× Popdex’s.
Note: Margin at max leverage$500 + $400
Popdex 20x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.44Long Popdex: 24 payments, −$1.44; short Bybit: 3 payments, $0.00.
Watch: Gap narrower than usual−0.144% vs −0.052%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$106K vs $942K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Bybit Yes
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0061%/8h × 21 periods−$12.87

Price spread−0.144% → −0.052% (7d avg)−$9.27

Slippage, 4 orderslive order books−$159.99

Fee Popdex bp × 2 orders−$6.40

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$199.53

Costs to cover1.774%Break-evennever at this rate

Slippage: Popdex: live order book, 52 min ago; Bybit: live order book, 50 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex4.7436.1 bp−$36doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBybit2.3774.5 bp−$74210.6 bp−$2,106doesn’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 ↗