SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.66 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against Phemex−0.015%7-day average +0.017% · you buy dearer than you sell

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.015%, 7d avg +0.017%

Together, before fees−0.010%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.033% cheaper against Phemex than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.017%). If the spread goes back, that is −$3 on $10k: about 39 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.024% in total) that is about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SMCIUSDT	41.470	0	get 0.0000% / 8h	6h 33m	$1.6M	$248K	10x
Short	Variational Omni SMCI	41.464	0.0066	get 0.0066% / 8h	6h 33m	$97K	$110K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $13.86
Price spread: −0.015% → +0.017%: −$3.26
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.39
Costs to cover: 0.120%
Break-even: 7.7 days

Slippage unknown: Phemex: live order book, 4 min ago; Variational Omni: RFQ quote, 10 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 Phemex live order book, 4 min ago	1.20 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	5.69 bp	doesn't fit	90.2 bp −$902	doesn't fit	doesn't fit

SMCI on 16 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	41.150	−0.772%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.450	−0.048%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.510	+0.096%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.440	−0.072%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.456	−0.034%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDTlong	0.0000%	8h	41.470	long leg	$1.6M	$248K	10x
Lighter RH SMCI	+0.0032%	1h	41.432	−0.092%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.470	0.000%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.460	−0.024%	$137	$3K	10x	as long as short
Variational Omni SMCIshort	+0.0066%	8h	41.464	−0.015%	$97K	$110K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.440	−0.072%	$462K	$505K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.490	+0.048%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0129%	8h	41.521	+0.122%	$855	$153K	10x	as long as short
Binance SMCIUSDT	+0.0213%	8h	41.469	−0.002%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.459	−0.027%	$583	$10K	10x	as long as short
Paragon para:SMCI	+0.1246%	1h	41.470	0.000%	$159K	$265K	10x	as long as short