Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.003%
Price spread now: QFEX against Variational Omni+0.002%47s7-day average −0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 3 days (all we have)+0.126%+$13 · spread now +0.002%, 7d avg −0.020%
=Together, before fees+0.127%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.023% dearer against Variational Omni than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.020%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 37 hours. 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 | Variational Omni SMCI | 41.419 | 0.0090 | pay 0.0090% / 8h | 13m 53s | $96K | $109K | — |
| Short | QFEX SMCI-USD | 41.420 | 0.0041 | get 0.0005% / 1h | 13m 53s | $1.1M | $2.3M | 10x |
Variational Omni SMCI
QFEX SMCI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Variational Omni. 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
- −$10.34
- Price spread: +0.002% → −0.020%
- $2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$18.07
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; QFEX: 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, 40 min ago | 3.74 bp | doesn't fit | 84.4 bp −$844 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 53.11 bp | 60.5 bp −$61 | 66.8 bp −$668 | 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 | 41.010 | −0.987% | $4K | $97 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.390 | −0.070% | $1.0M | $669K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.420 | +0.002% | $689K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.390 | −0.070% | $1.6M | $1.8M | 20x | as long as short |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.395 | −0.058% | $1.3M | $529K | 20x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.410 | −0.022% | $1.6M | $261K | 10x | as long as short |
| Lighter RH SMCI | +0.0032% | 1h | 41.399 | −0.048% | $32K | $5K | 10x | as long as short |
| QFEX SMCI-USDshort | +0.0041% | 1h | 41.420 | +0.002% | $1.1M | $2.3M | 10x | |
| SoDEX SMCI-USD | +0.0050% | 1h | 41.400 | −0.046% | $124 | $3K | 10x | as long as short |
| Paragon para:SMCI | +0.0060% | 1h | 41.385 | −0.082% | $159K | $265K | 10x | as long as short |
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Bitget SMCIUSDT
Phemex SMCIUSDT
Lighter RH SMCI
SoDEX SMCI-USD
Paragon para:SMCIShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SMCIlong | +0.0090% | 8h | 41.419 | long leg | $96K | $109K | — | |
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.380 | −0.094% | $461K | $536K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.420 | +0.002% | $8K | $284K | 10x | as long as short |
| Extended SMCI-USD | +0.0232% | 1h | 41.402 | −0.041% | $580 | $10K | 10x | as long as short |
| Binance SMCIUSDT | +0.0232% | 8h | 41.410 | −0.022% | $3.4M | $5.5M | 20x | as long as short |
| BloFin SMCI-USDT | +0.0236% | 8h | 41.430 | +0.027% | $79K | $9K | 20x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0362% | 8h | 41.408 | −0.026% | $728 | $156K | 10x | as long as short |
KuCoin SMCIUSDTM
HTX SMCI-USDT
Extended SMCI-USD
Binance SMCIUSDT
BloFin SMCI-USDT
GRVT SMCI_USDT_Perp