SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0042%/8h= −4.7% APRpaid last 24h −0.018%

Price spread now: QFEX against Binance−0.049%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.466% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.049%, 7d avg −0.055%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	41.180	0.0074	pay 0.0074% / 8h	3h 03m	$3.4M	$5.3M	20x
Short	QFEX SMCI-USD	41.160	0.0032	get 0.0004% / 1h	3m 48s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

QFEX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee BinancebpFee QFEXbpOrdersPrice spread, now −0.049%Rate

Slippage from Binance: live order book, 4 min ago; QFEX: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	1.21 bp	11.0 bp −$11	46.8 bp −$468	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.43 bp	12.3 bp −$12	20.3 bp −$203	doesn't fit	doesn't fit

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	40.800	−0.923%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.130	−0.121%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.190	+0.024%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.160	−0.049%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.180	0.000%	$1.3M	$502K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.218	+0.092%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.190	+0.024%	$1.6M	$257K	10x	as long as short
QFEX SMCI-USDshort	+0.0032%	1h	41.160	−0.049%	$1.1M	$1.8M	10x
Lighter RH SMCI	+0.0032%	1h	41.153	−0.066%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0038%	8h	41.159	−0.052%	$265	$165K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	41.160	−0.049%	$147	$3K	10x	as long as short
Extended SMCI-USD	+0.0072%	1h	41.182	+0.004%	$576	$10K	10x	as long as short
Binance SMCIUSDTlong	+0.0074%	8h	41.180	long leg	$3.4M	$5.3M	20x
BloFin SMCI-USDT	+0.0100%	8h	41.200	+0.049%	$79K	$9K	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.140	−0.097%	$460K	$471K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.120	−0.146%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0164%	1h	41.129	−0.123%	$158K	$265K	10x	as long as short