Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.009%
Price spread now: Variational Omni against QFEX−0.080%47s7-day average +0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.228%−$23 · spread now −0.080%, 7d avg +0.023%
=Together, before fees−0.227%+ Points / potential airdropVariational Omni: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.103% cheaper against QFEX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 47 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 | QFEX SMCI-USD | 40.980 | 0.0067 | pay 0.0008% / 1h | 33m 38s | $1.1M | $1.8M | 10x |
| Short | Variational Omni SMCI | 40.947 | 0 | get 0.0000% / 8h | 33m 38s | $125K | $134K | — |
QFEX SMCI-USD
Variational Omni SMCIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- −$14.08
- Price spread: −0.080% → +0.023%
- −$10.31
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$34.39
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 3 min ago; Variational Omni: RFQ quote, 45 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 QFEX live order book, 3 min ago | 2.44 bp | 10.3 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 45 min ago | 3.77 bp | doesn't fit | 66.5 bp −$665 | 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 | 40.570 | −1.000% | $4K | $88 | 12x | as long as short |
| Bitget SMCIUSDT | −0.0155% | 8h | 40.947 | −0.081% | $1.3M | $502K | 20x | as long as short |
| BloFin SMCI-USDT | −0.0014% | 8h | 40.940 | −0.098% | $79K | $9K | 20x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 40.920 | −0.146% | $997K | $293K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 40.980 | 0.000% | $679K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 40.940 | −0.098% | $1.5M | $1.4M | 20x | as long as short |
| Variational Omni SMCIshort | 0.0000% | 8h | 40.947 | −0.080% | $125K | $134K | — | |
| Phemex SMCIUSDT | 0.0000% | 8h | 40.980 | 0.000% | $1.6M | $259K | 10x | as long as short |
| Binance SMCIUSDT | +0.0007% | 8h | 40.950 | −0.073% | $3.4M | $5.3M | 20x | as long as short |
| Extended SMCI-USD | +0.0008% | 1h | 40.939 | −0.101% | $573 | — | 10x | as long as short |
Injective SMCI/USDC PERP
Bitget SMCIUSDT
BloFin SMCI-USDT
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Phemex SMCIUSDT
Binance SMCIUSDT
Extended SMCI-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SMCI | +0.0032% | 1h | 40.915 | −0.159% | $40K | $13K | 10x | as long as short |
| QFEX SMCI-USDlong | +0.0067% | 1h | 40.980 | long leg | $1.1M | $1.8M | 10x | |
| GRVT SMCI_USDT_Perp | +0.0084% | 8h | 40.950 | −0.073% | $525 | $169K | 10x | as long as short |
| KuCoin SMCIUSDTM | +0.0100% | 8h | 40.900 | −0.195% | $460K | $504K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.000 | +0.049% | $8K | $287K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0101% | 1h | 40.960 | −0.049% | $132 | $3K | 10x | as long as short |
| Paragon para:SMCI | +0.0156% | 1h | 40.888 | −0.225% | $157K | $266K | 10x | as long as short |
Lighter RH SMCI
GRVT SMCI_USDT_Perp
KuCoin SMCIUSDTM
HTX SMCI-USDT
SoDEX SMCI-USD
Paragon para:SMCI