SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.015%

Price spread now: QFEX against Bybit+0.024%7-day average +0.008% · you sell dearer than you buy

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−$910.911% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.035%+$4 on $10k

Price spread, last 7 days+0.039%+$4 · spread now +0.024%, 7d avg +0.008%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.170	0	get 0.0000% / 8h	5h 44m	$1.0M	$297K	25x
Short	QFEX SMCI-USD	41.180	0.0080	get 0.0010% / 1h	44m 12s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

QFEX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BybitbpFee QFEXbpOrdersPrice spread, now +0.024%Rate

Slippage from Bybit: live order book, 4 min ago; QFEX: live order book, 6 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	3.64 bp	36.8 bp −$37	200.1 bp −$2,001	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.42 bp	9.8 bp −$10	18.7 bp −$187	doesn't fit	doesn't fit

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	40.650	−1.263%	$4K	$80	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.170	long leg	$1.0M	$297K	25x
Gate SMCI_USDT	0.0000%	8h	41.170	0.000%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.188	+0.044%	$1.3M	$473K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.200	+0.073%	$1.6M	$264K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.174	+0.010%	$40K	$14K	10x	as long as short
OKX SMCI-USDT-SWAP	+0.0041%	8h	41.210	+0.097%	$670K	$1.1M	20x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.167	−0.008%	$158K	$241K	10x	as long as short
QFEX SMCI-USDshort	+0.0080%	1h	41.180	+0.024%	$1.1M	$1.8M	10x
KuCoin SMCIUSDTM	+0.0100%	8h	41.180	+0.024%	$462K	$628K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDT	+0.0100%	8h	41.210	+0.097%	$8K	$292K	10x	as long as short
SoDEX SMCI-USD	+0.0150%	1h	41.180	+0.024%	$133	$3K	10x	as long as short
Variational Omni SMCI	+0.0489%	8h	41.189	+0.047%	$151K	$160K	—	as long as short
Binance SMCIUSDT	+0.0599%	8h	41.180	+0.024%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0600%	1h	41.166	−0.009%	$577	—	10x	as long as short
BloFin SMCI-USDT	+0.0602%	8h	41.240	+0.170%	$80K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.1731%	8h	41.260	+0.219%	$522	$164K	10x	as long as short