Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 26.640 | −0.0017 | get 0.0002% / 1h | 46m 25s | $769K | $783K | 10x | Long QFEX37% off | |
| SHORT | 26.830 | +0.1044 | get 0.1044% / 8h | 7h 46m | $998K | $1.3M | — | Short BingX |
Price gap+0.713%
Funding gap+0.1061% /8h
Both sides work: funding pays +$32 a day on $10k, and the gap is 0.559% above its 7d average: +$56 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$16+0.1061% /8h now · paid +0.155% over the last 7D
Price+$56spread +0.713% now, avg +0.154% → +0.559% if it goes back
Costs−$550.552% of $10k · taker + slippage, in and out
Result+$16+0.16%no points
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.155% in total, about +0.0074%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.713%
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
/8hSMCI on 20 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size15.7 / 13.3 bpAt $10k entering QFEX costs 15.7 bp, fee and slippage, 1.2× BingX’s.
- Note: Margin at max leverage$1,000 + —QFEX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$31.82Long QFEX: 24 payments, +$0.50; short BingX: 3 payments, +$31.32.
- OK: Entry gap works for you+0.713% vs +0.154%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$769K vs $998K OIQFEX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0074%/8h × 21 periods+$15.53
Price spread+0.713% → +0.154% (7d avg)+$55.91
Slippage, 4 orderslive order books−$25.18
Fee QFEX bp × 2 orders−$20.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$16.26
Costs to cover0.552%Break-evenfrom the start
Slippage: QFEX: live order book, 26 min ago; BingX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX5.6815.7 bp−$1617.9 bp−$179doesn’t fitdoesn’t fit
SELL · SHORTBingX1.9213.3 bp−$1329.2 bp−$292209.7 bp−$21.0K847.9 bp−$423.9K
Closing costs about the same again.
SMCI news
posts that mention SMCI, from every exchange| 11-02 03:49 | Backpack | Other | Earnings & macro to watch for Nov 2–6 ▸ Macro: US midterm elections, BoE decision, Oct jobs report ▸ Earnings: $AAPL $PLTR $AMD $SHOP $SMCI $ANET $UBER $APP $MCD $QCOM $ARM $CRCL $NET $IONQ $SOUN $ABNB $IREN $OKLO $XYZ $AFRM $DKNG Full market calendar → @Backpack on X ↗ |
| 10-22 22:57 | Injective | Token | The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. 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 ↗ |
| 09-25 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 ↗ |

Backpack
Injective
Paragon