SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.91 per $10,000 · paid last 24h +0.027%

Price spread now: BloFin against Phemex+0.267%59s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.267% dearer against Phemex than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SMCIUSDT	41.230	0	get 0.0000% / 8h	3h 38m	$1.6M	$253K	10x
Short	BloFin SMCI-USDT	41.340	0.0091	get 0.0091% / 8h	3h 38m	$79K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now +0.267%Rate

Funding earned: $19.18
Price spread: +0.267% → 0.000%: $26.68
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $21.86
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Phemex: live order book, 5 min ago; BloFin: no order-book sample. 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 Phemex live order book, 5 min ago	2.42 bp	44.5 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	41.060	−0.412%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.180	−0.121%	$1.0M	$490K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.240	+0.024%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.220	−0.024%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.224	−0.015%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.104%	$97K	$110K	—	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	41.230	long leg	$1.6M	$253K	10x
GRVT SMCI_USDT_Perp	+0.0018%	8h	41.273	+0.103%	$485	$163K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.230	0.000%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.208	−0.053%	$32K	$5K	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	41.220	−0.024%	$149	$3K	10x	as long as short
Binance SMCIUSDT	+0.0084%	8h	41.217	−0.030%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.222	−0.020%	$579	$10K	10x	as long as short
BloFin SMCI-USDTshort	+0.0091%	8h	41.340	+0.267%	$79K	$9K	20x
KuCoin SMCIUSDTM	+0.0100%	8h	41.190	−0.097%	$460K	$480K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.250	+0.049%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0383%	1h	41.229	−0.003%	$158K	$265K	10x	as long as short