Funding you earn now, next payment 04:00 UTC−0.1087%/8h= −119.1% APRpaid last 24h −0.091%
Price spread now: Variational Omni against Paragon+0.135%7-day average −0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.135%, 7d avg −0.013%
=Together, before fees−0.222%+ Points / potential airdropVariational Omni: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.148% dearer against Paragon than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of −0.013%): +$15 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 3 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.060% in total (about 6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:SMCI | 41.472 | 0.1117 | pay 0.0140% / 1h | 9m 22s | $159K | $265K | 10x |
| Short | Variational Omni SMCI | 41.528 | 0.0030 | get 0.0030% / 8h | 4h 09m | $98K | $110K | — |
Paragon para:SMCI
Variational Omni SMCIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Paragon. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$228.36
- Price spread: +0.135% → −0.013%
- $14.8
- Slippage, 4 orders
- no order book: not counted
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$223.56
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Paragon: live order book, 16 min ago; Variational Omni: RFQ quote, 25 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 Paragon live order book, 16 min ago | 53.49 bp | 62.2 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 25 min ago | 5.68 bp | doesn't fit | 100.5 bp −$1,005 | 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 | 41.120 | −0.848% | $4K | $95 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.520 | +0.116% | $1.0M | $647K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.580 | +0.261% | $690K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.530 | +0.140% | $1.6M | $1.6M | 20x | as long as short |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.540 | +0.164% | $1.3M | $490K | 20x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.540 | +0.164% | $1.6M | $249K | 10x | as long as short |
| QFEX SMCI-USD | +0.0021% | 1h | 41.520 | +0.116% | $1.1M | $1.9M | 10x | as long as short |
| Variational Omni SMCIshort | +0.0030% | 8h | 41.528 | +0.135% | $98K | $110K | — | |
| Lighter RH SMCI | +0.0032% | 1h | 41.509 | +0.090% | $32K | $5K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 41.530 | +0.140% | $149 | $3K | 10x | as long as short |
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Bitget SMCIUSDT
Phemex SMCIUSDT
QFEX SMCI-USD
Lighter RH SMCI
SoDEX SMCI-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.510 | +0.092% | $463K | $481K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.550 | +0.189% | $8K | $285K | 10x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0113% | 8h | 41.540 | +0.164% | $234 | $160K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0121% | 8h | 41.550 | +0.189% | $79K | $9K | 20x | as long as short |
| Binance SMCIUSDT | +0.0148% | 8h | 41.540 | +0.164% | $3.4M | $5.2M | 20x | as long as short |
| Extended SMCI-USD | +0.0152% | 1h | 41.528 | +0.136% | $582 | $10K | 10x | as long as short |
| Paragon para:SMCIlong | +0.1117% | 1h | 41.472 | long leg | $159K | $265K | 10x |
KuCoin SMCIUSDTM
HTX SMCI-USDT
GRVT SMCI_USDT_Perp
BloFin SMCI-USDT
Binance SMCIUSDT
Extended SMCI-USD