SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.006%

Price spread now: Bitget against Variational Omni−0.069%7-day average −0.003% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.069%, 7d avg −0.003%

Together, before fees+0.226%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.066% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SMCI	41.543	0.0043	pay 0.0043% / 8h	4h 45m	$98K	$110K	—
Short	Bitget SMCIUSDT	41.514	0	get 0.0000% / 8h	4h 45m	$1.3M	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$9.08
Price spread: −0.069% → −0.003%: −$6.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Bitget: live order book, 1 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 Variational Omni RFQ quote, 54 min ago	5.68 bp	doesn't fit	73.2 bp −$732	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	7.22 bp	232.1 bp −$232	438.2 bp −$4,382	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	41.110	−1.042%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.500	−0.103%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.550	+0.018%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.520	−0.055%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.514	−0.069%	$1.3M	$504K	20x
Phemex SMCIUSDT	0.0000%	8h	41.540	−0.007%	$1.6M	$249K	10x	as long as short
QFEX SMCI-USD	+0.0021%	1h	41.480	−0.151%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.524	−0.045%	$32K	$5K	10x	as long as short
Variational Omni SMCIlong	+0.0043%	8h	41.543	long leg	$98K	$110K	—
SoDEX SMCI-USD	+0.0050%	1h	41.530	−0.031%	$147	$3K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.500	−0.103%	$464K	$476K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.510	−0.079%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0123%	8h	41.536	−0.016%	$741	$157K	10x	as long as short
BloFin SMCI-USDT	+0.0137%	8h	41.550	+0.018%	$80K	$9K	20x	as long as short
Extended SMCI-USD	+0.0160%	1h	41.533	−0.024%	$580	$10K	10x	as long as short
Binance SMCIUSDT	+0.0164%	8h	41.543	0.000%	$3.4M	$5.2M	20x	as long as short
Paragon para:SMCI	+0.1242%	1h	41.490	−0.127%	$159K	$265K	10x	as long as short