SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.015%

Price spread now: QFEX against KuCoin+0.048%7-day average +0.050% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$543as in the Price arb table

costs, in and out, $10k−$5435.429% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.048%, 7d avg +0.050%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SMCIUSDTM	41.510	0.0100	pay 0.0100% / 8h	6h 12m	$463K	$501K	20x
Short	QFEX SMCI-USD	41.530	0.0043	get 0.0005% / 1h	12m 46s	$1.1M	$2.2M	10x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee KuCoinbpFee QFEXbpOrdersPrice spread, now +0.048%Rate

Slippage from KuCoin: live order book, 25 min ago; QFEX: live order book, 4 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 25 min ago	20.51 bp	219.2 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	52.92 bp	58.0 bp −$58	67.1 bp −$671	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	41.040	−1.132%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.520	+0.024%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.580	+0.169%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.540	+0.072%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.537	+0.065%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.540	+0.072%	$1.6M	$248K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.525	+0.036%	$32K	$5K	10x	as long as short
QFEX SMCI-USDshort	+0.0043%	1h	41.530	+0.048%	$1.1M	$2.2M	10x
SoDEX SMCI-USD	+0.0054%	1h	41.530	+0.048%	$143	$3K	10x	as long as short
Variational Omni SMCI	+0.0064%	8h	41.562	+0.126%	$98K	$110K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTMlong	+0.0100%	8h	41.510	long leg	$463K	$501K	20x
HTX SMCI-USDT	+0.0100%	8h	41.540	+0.072%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0207%	8h	41.559	+0.118%	$611	$155K	10x	as long as short
Binance SMCIUSDT	+0.0214%	8h	41.539	+0.071%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.530	+0.047%	$583	$10K	10x	as long as short
Paragon para:SMCI	+0.1256%	1h	41.510	−0.001%	$159K	$265K	10x	as long as short