SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.076%

Price spread now: Paragon against QFEX−0.049%7-day average +0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on QFEX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.049%, 7d avg +0.035%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paragon is 0.084% cheaper against QFEX than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.035%). If the spread goes back, that is −$8 on $10k: about 7.5 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SMCI-USD	41.650	0.0023	pay 0.0003% / 1h	58m 57s	$1.1M	$2.2M	10x
Short	Paragon para:SMCI	41.630	0.0060	get 0.0008% / 1h	58m 57s	$160K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against QFEX. 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 QFEXbpFee ParagonbpOrdersPrice spread, now −0.049%Rate

Funding earned: $7.83
Price spread: −0.049% → +0.035%: −$8.38
Slippage, 4 orders: −$61.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$81.9
Costs to cover: 0.813%
Break-even: 80.2 days

Slippage from QFEX: live order book, 8 min ago; Paragon: live order book, 56 min ago.

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 QFEX live order book, 8 min ago	3.60 bp	11.2 bp −$11	21.5 bp −$215	doesn't fit	doesn't fit
Sell Paragon live order book, 56 min ago	25.27 bp	30.3 bp −$30	109.8 bp −$1,098	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	41.240	−0.984%	$4K	$93	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.630	−0.048%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.660	+0.024%	$694K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.630	−0.048%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.639	−0.026%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.660	+0.024%	$1.6M	$246K	10x	as long as short
QFEX SMCI-USDlong	+0.0023%	1h	41.650	long leg	$1.1M	$2.2M	10x
Lighter RH SMCI	+0.0032%	1h	41.647	−0.007%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.650	0.000%	$137	$3K	10x	as long as short
Paragon para:SMCIshort	+0.0060%	1h	41.630	−0.049%	$160K	$265K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.620	−0.072%	$463K	$518K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.650	0.000%	$8K	$284K	10x	as long as short
Variational Omni SMCI	+0.0104%	8h	41.663	+0.031%	$97K	$109K	—	as long as short
Extended SMCI-USD	+0.0240%	1h	41.620	−0.073%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0243%	8h	41.645	−0.013%	$3.4M	$5.1M	20x	as long as short
BloFin SMCI-USDT	+0.0264%	8h	41.690	+0.096%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0314%	8h	41.651	+0.003%	$422	$154K	10x	as long as short