SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against Bybit+0.101%7-day average +0.014% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.265%−$26 · spread now +0.101%, 7d avg +0.014%

Together, before fees−0.232%+ Points / potential airdropVariational Omni: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.087% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SMCIUSDT	41.510	0	get 0.0000% / 8h	5h 01m	$1.0M	$648K	25x
Short	Variational Omni SMCI	41.552	0.0071	get 0.0071% / 8h	5h 01m	$98K	$110K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.101%Rate

Funding earned: $14.88
Price spread: +0.101% → +0.014%: $8.7
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $12.59
Costs to cover: 0.110%
Break-even: 1.1 days

Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: RFQ quote, 38 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 Bybit live order book, 4 min ago	3.61 bp	24.5 bp −$24	180.1 bp −$1,801	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 38 min ago	5.68 bp	doesn't fit	75.5 bp −$755	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	41.140	−0.891%	$4K	$96	12x	as long as short
Bybit SMCIUSDTlong	0.0000%	8h	41.510	long leg	$1.0M	$648K	25x
OKX SMCI-USDT-SWAP	0.0000%	8h	41.560	+0.120%	$689K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.530	+0.048%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.521	+0.026%	$1.3M	$504K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.540	+0.072%	$1.6M	$249K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.540	+0.072%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0048%	1h	41.500	−0.024%	$1.1M	$2.0M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.540	+0.072%	$144	$3K	10x	as long as short
Variational Omni SMCIshort	+0.0071%	8h	41.552	+0.101%	$98K	$110K	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.510	0.000%	$463K	$478K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.550	+0.096%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0169%	8h	41.567	+0.138%	$255	$156K	10x	as long as short
Binance SMCIUSDT	+0.0192%	8h	41.550	+0.096%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0192%	1h	41.539	+0.070%	$580	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0222%	8h	41.550	+0.096%	$33K	$9K	20x	as long as short
Paragon para:SMCI	+0.1256%	1h	41.500	−0.025%	$159K	$265K	10x	as long as short