SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0101%/8h= +11.0% APRnext payment +$1.01 per $10,000 · paid last 24h +0.045%

Price spread now: GRVT against Variational Omni−0.104%59s7-day average +0.008% · you buy dearer than you sell

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.104%, 7d avg +0.008%

Together, before fees+0.130%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.112% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.008%). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.051% in total) that is about 7.4 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SMCI	41.533	0.0060	pay 0.0060% / 8h	6h 04m	$97K	$110K	—
Short	GRVT SMCI_USDT_Perp	41.490	0.0161	get 0.0161% / 8h	6h 04m	$610	$155K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.104%Rate

Funding earned: $21.12
Price spread: −0.104% → +0.008%: −$11.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $0.97
Costs to cover: 0.090%
Break-even: 6.7 days

Slippage unknown: Variational Omni: RFQ quote, 40 min ago; GRVT: live order book, 58 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, 40 min ago	5.69 bp	doesn't fit	72.5 bp −$725	doesn't fit	doesn't fit
Sell GRVT live order book, 58 min ago	4.80 bp	48.5 bp −$48	108.8 bp −$1,088	doesn't fit	doesn't fit

SMCI on 16 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	41.150	−0.922%	$4K	$97	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.520	−0.031%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.530	−0.007%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.510	−0.055%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.519	−0.033%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.540	+0.018%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.523	−0.023%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.520	−0.031%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.530	−0.007%	$143	$3K	10x	as long as short
Variational Omni SMCIlong	+0.0060%	8h	41.533	long leg	$97K	$110K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.490	−0.103%	$462K	$499K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.500	−0.079%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perpshort	+0.0161%	8h	41.490	−0.104%	$610	$155K	10x
Extended SMCI-USD	+0.0208%	1h	41.530	−0.006%	$580	$10K	10x	as long as short
Binance SMCIUSDT	+0.0210%	8h	41.540	+0.018%	$3.4M	$5.2M	20x	as long as short
Paragon para:SMCI	+0.1312%	1h	41.480	−0.127%	$159K	$265K	10x	as long as short