SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0065%/8h= −7.2% APRnext payment −$0.65 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Variational Omni−0.141%7-day average −0.011% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.141%, 7d avg −0.011%

Together, before fees+0.155%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.129% cheaper against Variational Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SMCI	41.609	0.0065	pay 0.0065% / 8h	7h 38m	$97K	$109K	—
Short	Bybit SMCIUSDT	41.550	0	get 0.0000% / 8h	7h 38m	$1.0M	$661K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$13.72
Price spread: −0.141% → −0.011%: −$12.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.64
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; Bybit: live order book, 2 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, 11 min ago	3.73 bp	doesn't fit	96.7 bp −$967	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.61 bp	75.7 bp −$76	193.0 bp −$1,930	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	41.170	−1.054%	$4K	$95	12x	as long as short
Bybit SMCIUSDTshort	0.0000%	8h	41.550	−0.141%	$1.0M	$661K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.600	−0.021%	$693K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.550	−0.141%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.568	−0.097%	$1.3M	$512K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.570	−0.093%	$1.6M	$252K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.560	−0.117%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.542	−0.160%	$32K	$5K	10x	as long as short
Variational Omni SMCIlong	+0.0065%	8h	41.609	long leg	$97K	$109K	—
KuCoin SMCIUSDTM	+0.0100%	8h	41.520	−0.213%	$462K	$527K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDT	+0.0100%	8h	41.580	−0.069%	$8K	$284K	10x	as long as short
Paragon para:SMCI	+0.0100%	1h	41.542	−0.160%	$159K	$265K	10x	as long as short
SoDEX SMCI-USD	+0.0126%	1h	41.570	−0.093%	$128	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0207%	8h	41.590	−0.045%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0224%	1h	41.578	−0.073%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0225%	8h	41.585	−0.057%	$3.4M	$5.2M	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0563%	8h	41.619	+0.026%	$196	$154K	10x	as long as short