Funding you earn now, next payment 04:00 UTC+0.1178%/8h= +129.0% APRnext payment +$1.47 per $10,000 · paid last 24h +0.082%
Price spread now: Paragon against QFEX−0.046%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1881.884% of the position
Funding, last 4 days (all we have)−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.046%, 7d avg +0.033%
=Funding pays, the price is against you. Paragon is 0.078% cheaper against QFEX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.033%). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$35 a day). Mind the row above: over the last 4 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.056% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SMCI-USD | 41.510 | 0.0021 | pay 0.0003% / 1h | 12m 51s | $1.1M | $1.9M | 10x |
| Short | Paragon para:SMCI | 41.491 | 0.1199 | get 0.0150% / 1h | 12m 51s | $159K | $265K | 10x |
QFEX SMCI-USD
Paragon para:SMCIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $247.47
- Price spread: −0.046% → +0.033%
- −$7.83
- Slippage, 4 orders
- −$168.41
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- $51.22
- Costs to cover
- 1.884%
- Break-even
- 5.6 days
Slippage from QFEX: live order book, 4 min ago; Paragon: live order book, 13 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy QFEX live order book, 4 min ago | 27.67 bp | 32.7 bp −$33 | 39.2 bp −$392 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 13 min ago | 53.49 bp | 58.5 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
SMCI on 17 venues
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 | −0.771% | $4K | $93 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.520 | +0.024% | $1.0M | $647K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.590 | +0.193% | $690K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.530 | +0.048% | $1.6M | $1.6M | 20x | as long as short |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.541 | +0.075% | $1.3M | $503K | 20x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.540 | +0.072% | $1.6M | $250K | 10x | as long as short |
| QFEX SMCI-USDlong | +0.0021% | 1h | 41.510 | long leg | $1.1M | $1.9M | 10x | |
| Lighter RH SMCI | +0.0032% | 1h | 41.516 | +0.014% | $32K | $5K | 10x | as long as short |
| Variational Omni SMCI | +0.0038% | 8h | 41.553 | +0.103% | $98K | $110K | — | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 41.520 | +0.024% | $148 | $3K | 10x | as long as short |
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Bitget SMCIUSDT
Phemex SMCIUSDT
Lighter RH SMCI
Variational Omni SMCI
SoDEX SMCI-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.500 | −0.024% | $463K | $481K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.520 | +0.024% | $8K | $285K | 10x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0120% | 8h | 41.558 | +0.116% | $307 | $160K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0134% | 8h | 41.550 | +0.096% | $79K | $9K | 20x | as long as short |
| Binance SMCIUSDT | +0.0150% | 8h | 41.531 | +0.052% | $3.4M | $5.2M | 20x | as long as short |
| Extended SMCI-USD | +0.0152% | 1h | 41.521 | +0.027% | $582 | $10K | 10x | as long as short |
| Paragon para:SMCIshort | +0.1199% | 1h | 41.491 | −0.046% | $159K | $265K | 10x |
KuCoin SMCIUSDTM
HTX SMCI-USDT
GRVT SMCI_USDT_Perp
BloFin SMCI-USDT
Binance SMCIUSDT
Extended SMCI-USD