SMCI funding rates
SMCI perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 14.0%long Bybit, short GRVT · net 8.8%
- Highest funding now
- 10.5%LrLighter RH
- Lowest funding now
- 0.0%ExExtended
- Listed on
- 7 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LrLighter RH | SMCI | 10.5% | 5.7% | 3.6% | 3.7% | 3.2% | 98% | 1h | 04:00 | 41.99 | $149k | $120k | TradFi | LrLighter RH | |
| ExExtended | SMCI-USD | 0.0% | 0.0% | 5.6% | 2.8% | 6.6% | 25% | 1h | 04:00 | 41.98 | $542 | $0 | TradFi | ExExtended | |
| GrGRVT | SMCI_USDT_Perp | 0.0% | 0.6% | 5.7% | 1.4% | 6.5% | 36% | 8h | 08:00 | 42.02 | $361 | $132k | TradFi | GrGRVT | |
| VaVariational | SMCI | 0.0% | 0.0% | 3.3% | 0.8% | 3.9% | 20% | 8h | — | 41.97 | $149k | $308k | TradFi | VaVariational | |
| ByBybitCEX | SMCIUSDT | 0.0% | −27.0% | −8.3% | −5.6% | −5.2% | 0% | 8h | 08:00 | 42.01 | $748k | $79k | TradFi | ByBybit | |
| BgBitgetCEX | SMCIUSDT | 0.0% | 0.6% | 1.0% | −2.1% | 1.1% | 6% | 8h | 08:00 | 42.04 | $1.2M | $369k | TradFi | BgBitget | |
| GtGateCEX | SMCI_USDT | 0.0% | 0.0% | 0.0% | −0.1% | 0.0% | 0% | 8h | 08:00 | 42.00 | $925k | $164k | TradFi | GtGate |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| ByBybitCEX | VaVariational | 0.0% | 27.0% | 11.7% | 6.4% | 8.8% | 13.2% | 3.4d | cooling | $149k | TradFispread not incl. | ByVa | calc | |
| ByBybitCEX | ExExtended | 0.0% | 27.0% | 14.0% | 8.4% | 9.8% | 14.7% | 4.2d | cooling | $542 | low OI8h/1hTradFi | ByEx | calc | |
| ByBybitCEX | LrLighter RH | 10.5% | 32.7% | 11.9% | 6.8% | 9.0% | 13.6% | 3.4d | spike ×3.9 | $149k | 8h/1hTradFi | ByLr | calc | |
| ByBybitCEX | GrGRVT | 0.0% | 27.6% | 14.0% | 7.0% | 8.8% | 13.2% | 5.2d | cooling | $361 | low OITradFi | ByGr | calc | |
| ByBybitCEX | BgBitgetCEX | 0.0% | 27.5% | 9.4% | 3.5% | 3.4% | 5.0% | 9.0d | spike ×4.3 | $748k | TradFi | ByBg | calc | |
| ByBybitCEX | GtGateCEX | 0.0% | 27.0% | 8.3% | 5.5% | 1.6% | 2.3% | 11d | spike ×5.2 | $748k | TradFi | ByGt | calc | |
| VaVariational | ExExtended | 0.0% | 0.0% | 2.3% | 2.0% | 1.0% | 1.5% | 7.8d | weak | $542 | low OI8h/1hTradFispread not incl. | VaEx | calc | |
| VaVariational | LrLighter RH | 10.5% | 5.7% | 0.2% | 1.3% | 0.2% | 0.4% | <0.1d | weak | $149k | 8h/1hTradFispread not incl. | VaLr | calc | |
| GtGateCEX | ExExtended | 0.0% | 0.0% | 5.6% | 2.9% | 0.4% | 0.6% | 13d | cooling | $542 | low OI8h/1hTradFi | GtEx | calc | |
| LrLighter RH | ExExtended | −10.5% | −5.7% | 2.1% | 0.4% | 0.8% | 1.2% | 8.8d | mixed | $542 | low OITradFi | LrEx | calc | |
| BgBitgetCEX | ExExtended | 0.0% | −0.6% | 4.6% | 4.9% | 0.2% | 0.3% | 13d | cooling | $542 | low OI8h/1hTradFi | BgEx | calc | |
| VaVariational | GrGRVT | 0.0% | 0.6% | 2.4% | 0.6% | 0.0% | 0.0% | 14d | weak | $361 | low OITradFispread not incl. | VaGr | calc | |
| GtGateCEX | LrLighter RH | 10.5% | 5.7% | 3.6% | 3.7% | −0.3% | −0.5% | 15d | weak | $149k | 8h/1hTradFi | GtLr | calc | |
| BgBitgetCEX | LrLighter RH | 10.5% | 5.1% | 2.5% | 3.3% | −0.6% | −0.9% | 17d | weak | $149k | 8h/1hTradFi | BgLr | calc | |
| GtGateCEX | VaVariational | 0.0% | 0.0% | 3.3% | 0.9% | −0.6% | −0.9% | 16d | weak | $149k | TradFispread not incl. | GtVa | calc | |
| BgBitgetCEX | VaVariational | 0.0% | −0.6% | 2.3% | 2.9% | −0.8% | −1.2% | 19d | weak | $149k | TradFispread not incl. | BgVa | calc | |
| LrLighter RH | GrGRVT | −10.5% | −5.1% | 2.1% | 1.1% | −0.2% | −0.4% | 16d | mixed | $361 | low OI1h/8hTradFi | LrGr | calc | |
| GtGateCEX | GrGRVT | 0.0% | 0.6% | 5.7% | 1.5% | −0.6% | −0.9% | 15d | cooling | $361 | low OITradFi | GtGr | calc | |
| BgBitgetCEX | GrGRVT | 0.0% | 0.1% | 4.7% | 3.5% | −0.8% | −1.2% | 16d | cooling | $361 | low OITradFi | BgGr | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 0.6% | 1.0% | −2.0% | −6.0% | −9.0% | 97d | weak | $925k | TradFi | GtBg | calc | |
| ExExtended | LrLighter RH | 10.5% | 5.7% | −2.1% | −0.4% | −3.4% | −5.1% | — | weak | $542 | low OITradFi | ExLr | calc | |
| ExExtended | GrGRVT | 0.0% | 0.6% | 0.0% | −1.4% | −3.6% | −5.4% | >999d | weak | $361 | low OI1h/8hTradFi | ExGr | calc | |
| GrGRVT | LrLighter RH | 10.5% | 5.1% | −2.1% | −1.1% | −4.5% | −6.7% | — | weak | $361 | low OI8h/1hTradFi | GrLr | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 03:16 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
SMCI · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | BgBitget42.037 | GrGRVT42.0177 | ByBybit42.01 | GtGate42 | LrLighter RH41.9895 | ExExtended41.9802 | VaVariational41.9703 |
|---|---|---|---|---|---|---|---|
| VaVariational41.9703 | 0.159% | 0.113% | 0.095% | 0.071% | 0.046% | 0.024% | — |
| ExExtended41.9802 | 0.135% | 0.089% | 0.071% | 0.047% | 0.022% | — | −0.024% |
| LrLighter RH41.9895 | 0.113% | 0.067% | 0.049% | 0.025% | — | −0.022% | −0.046% |
| GtGate42 | 0.088% | 0.042% | 0.024% | — | −0.025% | −0.047% | −0.071% |
| ByBybit42.01 | 0.064% | 0.018% | — | −0.024% | −0.049% | −0.071% | −0.095% |
| GrGRVT42.0177 | 0.046% | — | −0.018% | −0.042% | −0.067% | −0.089% | −0.113% |
| BgBitget42.037 | — | −0.046% | −0.064% | −0.088% | −0.113% | −0.135% | −0.159% |
All quotes (7)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| BgBitgetCEX | 42.037 | 42.037 | mark | 8m | $369k | closedno FX |
| ByBybitCEX | 42.01 | 42.01 | mark | 8m | $79k | closedno FX |
| ExExtended | 41.9802 | 41.9802 | mark | 8m | $0 | closed |
| GtGateCEX | 42 | 42 | mark | 8m | $164k | closedno FX |
| GrGRVT | 42.0177 | 42.0177 | mark | 8m | $132k | closedno FX |
| LrLighter RH | 41.9895 | 41.9895 | mark | 8m | $120k | closed |
| VaVariational | 41.9703 | 41.9703 | mark | 8m | $308k | closed |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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