SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0160%/8h= −17.5% APRnext payment −$1.60 per $10,000 · paid last 24h −0.006%

Price spread now: Bitget against Variational Omni−0.088%7-day average −0.003% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.088%, 7d avg −0.003%

Together, before fees+0.360%+ Points / potential airdropVariational Omni: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.085% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SMCI	40.972	0	get 0.0000% / 8h	35m 59s	$125K	$134K	—
Short	Bitget SMCIUSDT	40.936	−0.0160	pay 0.0160% / 8h	35m 59s	$1.3M	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$33.6
Price spread: −0.088% → −0.003%: −$8.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$54.06
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 43 min ago; Bitget: live order book, 5 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, 43 min ago	3.77 bp	doesn't fit	91.1 bp −$911	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.42 bp	151.8 bp −$152	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	40.570	−0.981%	$4K	$88	12x	as long as short
Bitget SMCIUSDTshort	−0.0160%	8h	40.936	−0.088%	$1.3M	$502K	20x
BloFin SMCI-USDT	−0.0005%	8h	40.970	−0.005%	$79K	$9K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.920	−0.127%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.950	−0.054%	$678K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.930	−0.103%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCIlong	0.0000%	8h	40.972	long leg	$125K	$134K	—
Phemex SMCIUSDT	0.0000%	8h	40.940	−0.078%	$1.6M	$259K	10x	as long as short
Binance SMCIUSDT	+0.0007%	8h	40.953	−0.046%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0008%	1h	40.949	−0.057%	$573	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.933	−0.095%	$40K	$13K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.920	−0.127%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0084%	8h	40.950	−0.054%	$525	$169K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.900	−0.176%	$459K	$504K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.970	−0.005%	$8K	$286K	10x	as long as short
SoDEX SMCI-USD	+0.0110%	1h	40.940	−0.078%	$133	$3K	10x	as long as short
Paragon para:SMCI	+0.0202%	1h	40.905	−0.164%	$157K	$266K	10x	as long as short