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

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

Long on Variational Omni Short on Phemex

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

The price spread pays, funding is against you. Phemex is 0.033% dearer against Variational Omni than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.017%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours. 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	Variational Omni SMCI	41.464	0.0066	pay 0.0066% / 8h	6h 34m	$97K	$110K	—
Short	Phemex SMCIUSDT	41.470	0	get 0.0000% / 8h	6h 34m	$1.6M	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. 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 Variational OmnibpFee PhemexbpOrdersPrice 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 Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$22.61
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 9 min ago; Phemex: live order book, 3 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 Variational Omni RFQ quote, 9 min ago	5.69 bp	doesn't fit	72.5 bp −$725	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.20 bp	55.5 bp −$56	doesn't fit	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	41.150	−0.756%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.470	+0.015%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.510	+0.112%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.450	−0.033%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.454	−0.023%	$1.3M	$506K	20x	as long as short
Phemex SMCIUSDTshort	0.0000%	8h	41.470	+0.015%	$1.6M	$248K	10x
Lighter RH SMCI	+0.0032%	1h	41.422	−0.100%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0043%	1h	41.470	+0.015%	$1.1M	$2.2M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.470	+0.015%	$137	$3K	10x	as long as short
Variational Omni SMCIlong	+0.0066%	8h	41.464	long leg	$97K	$110K	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.440	−0.057%	$462K	$506K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.460	−0.009%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0129%	8h	41.521	+0.137%	$855	$153K	10x	as long as short
Binance SMCIUSDT	+0.0213%	8h	41.488	+0.058%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.476	+0.029%	$583	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0230%	8h	41.590	+0.305%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.1197%	1h	41.556	+0.223%	$159K	$265K	10x	as long as short