SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.088%

Price spread now: Bitget against Paragon+0.005%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1241.242% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.005%, 7d avg −0.007%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, 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	Paragon para:SMCI	41.185	0.0060	pay 0.0008% / 1h	43m 51s	$158K	$241K	10x
Short	Bitget SMCIUSDT	41.187	0	get 0.0000% / 8h	5h 43m	$1.3M	$473K	20x

Funding history

latest

Range statsloading…

Bitget against Paragon. 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 ParagonbpFee BitgetbpOrdersPrice spread, now +0.005%Rate

Slippage from Paragon: live order book, 58 min ago; Bitget: live order book, 5 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paragon live order book, 58 min ago	29.00 bp	34.0 bp −$34	94.7 bp −$947	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.94 bp	45.9 bp −$46	60.6 bp −$606	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	40.650	−1.299%	$4K	$80	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.170	−0.036%	$1.0M	$297K	25x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.170	−0.036%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.187	+0.005%	$1.3M	$473K	20x
Phemex SMCIUSDT	0.0000%	8h	41.200	+0.036%	$1.6M	$264K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.175	−0.024%	$40K	$14K	10x	as long as short
OKX SMCI-USDT-SWAP	+0.0041%	8h	41.210	+0.061%	$670K	$1.1M	20x	as long as short
Paragon para:SMCIlong	+0.0060%	1h	41.185	long leg	$158K	$241K	10x
QFEX SMCI-USD	+0.0080%	1h	41.180	−0.012%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.180	−0.012%	$462K	$628K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDT	+0.0100%	8h	41.210	+0.061%	$8K	$292K	10x	as long as short
SoDEX SMCI-USD	+0.0150%	1h	41.180	−0.012%	$133	$3K	10x	as long as short
Variational Omni SMCI	+0.0489%	8h	41.189	+0.011%	$151K	$160K	—	as long as short
Extended SMCI-USD	+0.0600%	1h	41.166	−0.046%	$577	—	10x	as long as short
Binance SMCIUSDT	+0.0601%	8h	41.180	−0.012%	$3.4M	$5.3M	20x	as long as short
BloFin SMCI-USDT	+0.0602%	8h	41.240	+0.134%	$80K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.1731%	8h	41.260	+0.182%	$522	$164K	10x	as long as short