Settings8H · net · $10k
Funding arb · Price arb /

SMCI

RWAall SMCI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.008%
Price spread now: QFEX against Variational Omni−0.007%7-day average −0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.007%, 7d avg −0.024%
Together, before fees+0.149%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SMCI41.3230get 0.0000% / 8h3h 43m$97K$110K
ShortQFEX SMCI-USD41.3200.0032get 0.0004% / 1h43m 55s$1.1M$1.9M10x

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

Profit calculator

Funding earned
$6.67
Price spread: −0.007% → −0.024%
$1.74
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$1.59
Costs to cover
0.100%
Break-even
8.7 days
Slippage unknown: Variational Omni: RFQ quote, 50 min ago; QFEX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 50 min ago5.68 bpdoesn't fit71.4 bp −$714doesn't fitdoesn't fit
Sell QFEX live order book, 8 min ago2.42 bp12.3 bp −$1223.7 bp −$237doesn't fitdoesn't fit

SMCI on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SMCI/USDC PERP−0.0220%1h41.060−0.636%$4K$9112xas long as short
Bybit SMCIUSDT0.0000%8h41.300−0.055%$1.0M$652K25xas long as short
OKX SMCI-USDT-SWAP0.0000%8h41.320−0.007%$686K$1.1M20xas long as short
Gate SMCI_USDT0.0000%8h41.310−0.031%$1.5M$1.6M20xas long as short
Bitget SMCIUSDT0.0000%8h41.315−0.019%$1.3M$501K20xas long as short
Variational Omni SMCIlong0.0000%8h41.323long leg$97K$110K
Phemex SMCIUSDT0.0000%8h41.310−0.031%$1.6M$253K10xas long as short
QFEX SMCI-USDshort+0.0032%1h41.320−0.007%$1.1M$1.9M10x
Lighter RH SMCI+0.0032%1h41.305−0.043%$32K$5K10xas long as short
GRVT SMCI_USDT_Perp+0.0045%8h41.334+0.027%$184$163K10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX SMCI-USD+0.0050%1h41.310−0.031%$148$3K10xas long as short
BloFin SMCI-USDT+0.0088%8h41.360+0.090%$79K$9K20xas long as short
Extended SMCI-USD+0.0096%1h41.309−0.034%$579$10K10xas long as short
Binance SMCIUSDT+0.0099%8h41.320−0.007%$3.4M$5.2M20xas long as short
KuCoin SMCIUSDTM+0.0100%8h41.310−0.031%$461K$480K20xas long as short
HTX SMCI-USDT+0.0100%8h41.290−0.079%$8K$285K10xas long as short
Paragon para:SMCI+0.0414%1h41.331+0.021%$159K$265K10xas long as short