SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0693%/8h= −75.9% APRnext payment −$0.87 per $10,000 · paid last 24h +0.049%

Price spread now: Paragon against SoDEX−0.221%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Paragon is 0.221% cheaper against SoDEX than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SMCI-USD	40.970	0.0753	pay 0.0094% / 1h	56m 56s	$131	$3K	10x
Short	Paragon para:SMCI	40.880	0.0060	get 0.0008% / 1h	56m 56s	$157K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee ParagonbpOrdersPrice spread, now −0.221%Rate

Funding earned: −$145.59
Price spread: −0.221% → 0.000%: −$22.06
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$185.65
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Paragon: live order book, 49 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Paragon live order book, 49 min ago	29.03 bp	34.0 bp −$34	329.0 bp −$3,290	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget SMCIUSDT	−0.0014%	8h	41.040	+0.171%	$1.3M	$475K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.010	+0.098%	$997K	$300K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.020	+0.122%	$668K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.960	−0.024%	$1.5M	$1.3M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.937	−0.080%	$150K	$160K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.000	+0.073%	$1.6M	$269K	10x	as long as short
Injective SMCI/USDC PERP	+0.0033%	1h	40.460	−1.245%	$4K	$82	12x	as long as short
Paragon para:SMCIshort	+0.0060%	1h	40.880	−0.221%	$157K	$240K	10x
QFEX SMCI-USD	+0.0067%	1h	40.950	−0.049%	$1.1M	$1.7M	10x	as long as short
BloFin SMCI-USDT	+0.0067%	8h	40.980	+0.024%	$79K	$9K	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	+0.0080%	1h	41.049	+0.192%	$574	—	10x	as long as short
Binance SMCIUSDT	+0.0083%	8h	41.052	+0.199%	$3.4M	$5.4M	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.880	−0.220%	$458K	$565K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.030	+0.146%	$8K	$289K	10x	as long as short
Lighter RH SMCI	+0.0128%	1h	40.973	+0.007%	$40K	$13K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0574%	8h	40.925	−0.110%	$485	$168K	10x	as long as short
SoDEX SMCI-USDlong	+0.0753%	1h	40.970	long leg	$131	$3K	10x