SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.97 per $10,000 · paid last 24h −0.018%

Price spread now: OKX against Variational Omni+0.013%7-day average −0.024% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now +0.013%, 7d avg −0.024%

Together, before fees+0.102%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.038% dearer against Variational Omni than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.024%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 3 days (−0.018% in total) that is about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SMCI	41.404	0.0097	pay 0.0097% / 8h	20m 05s	$96K	$109K	—
Short	OKX SMCI-USDT-SWAP	41.410	0	get 0.0000% / 8h	20m 05s	$688K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$20.4
Price spread: +0.013% → −0.024%: $3.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.6
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; OKX: 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, 34 min ago	3.74 bp	doesn't fit	84.4 bp −$844	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.42 bp	36.2 bp −$36	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	41.010	−0.953%	$4K	$97	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.390	−0.035%	$1.0M	$670K	25x	as long as short
OKX SMCI-USDT-SWAPshort	0.0000%	8h	41.410	+0.013%	$688K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.390	−0.035%	$1.6M	$1.8M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.392	−0.030%	$1.3M	$532K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.410	+0.013%	$1.6M	$261K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.389	−0.037%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.410	+0.013%	$1.1M	$2.3M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.400	−0.011%	$124	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.370	−0.083%	$159K	$265K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SMCIlong	+0.0097%	8h	41.404	long leg	$96K	$109K	—
KuCoin SMCIUSDTM	+0.0100%	8h	41.370	−0.083%	$460K	$537K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.420	+0.038%	$8K	$284K	10x	as long as short
BloFin SMCI-USDT	+0.0225%	8h	41.380	−0.059%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0237%	8h	41.420	+0.038%	$3.4M	$5.5M	20x	as long as short
Extended SMCI-USD	+0.0240%	1h	41.403	−0.002%	$578	$10K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0375%	8h	41.400	−0.011%	$739	$157K	10x	as long as short