SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.026%

Price spread now: Variational Omni against Binance−0.177%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 Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.177%, 7d avg +0.003%

Together, before fees−0.084%+ Points / potential airdropVariational Omni: Active · farm board−$8 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 Variational Omni is 0.180% cheaper against Binance than usual: you would sell low and buy high (−$18 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	Binance SMCIUSDT	40.956	0.0050	pay 0.0050% / 8h	2h 23m	$3.4M	$5.3M	20x
Short	Variational Omni SMCI	40.883	0	get 0.0000% / 8h	2h 23m	$116K	$130K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.177%Rate

Funding earned: −$10.48
Price spread: −0.177% → +0.003%: −$18.01
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$38.48
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, just now. 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 Binance live order book, 14 min ago	3.65 bp	12.0 bp −$12	60.4 bp −$604	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	5.75 bp	doesn't fit	94.6 bp −$946	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	40.600	−0.869%	$4K	$91	12x	as long as short
Bitget SMCIUSDT	−0.0150%	8h	40.944	−0.029%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.920	−0.087%	$996K	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.910	−0.112%	$679K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.920	−0.087%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCIshort	0.0000%	8h	40.883	−0.177%	$116K	$130K	—
Phemex SMCIUSDT	0.0000%	8h	40.950	−0.014%	$1.6M	$259K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.919	−0.090%	$32K	$5K	10x	as long as short
Extended SMCI-USD	+0.0048%	1h	40.942	−0.035%	$573	$8K	10x	as long as short
Binance SMCIUSDTlong	+0.0050%	8h	40.956	long leg	$3.4M	$5.3M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	40.920	−0.087%	$150	$3K	10x	as long as short
QFEX SMCI-USD	+0.0056%	1h	40.900	−0.136%	$1.1M	$1.8M	10x	as long as short
BloFin SMCI-USDT	+0.0060%	8h	40.940	−0.039%	$79K	$9K	20x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.910	−0.111%	$157K	$266K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0073%	8h	40.990	+0.083%	$427	$166K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.910	−0.112%	$457K	$465K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.950	−0.014%	$8K	$285K	10x	as long as short