SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0460%/8h= −50.4% APRnext payment −$0.58 per $10,000 · paid last 24h −0.099%

Price spread now: Injective against Extended−0.912%60s7-day average — · you buy dearer than you sell

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

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 0.912% cheaper against Extended than usual: you would sell low and buy high (−$91 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SMCI-USD	41.388	0.0240	pay 0.0030% / 1h	22m 16s	$578	$10K	10x
Short	Injective SMCI/USDC PERP	41.010	−0.0220	pay 0.0028% / 1h	22m 16s	$4K	$97	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee InjectivebpOrdersPrice spread, now −0.912%Rate

Funding earned: −$96.6
Price spread: −0.912% → 0.000%: −$91.24
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$192.86
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Injective: no order-book sample. 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 Extended no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Extended and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	−0.0220%	1h	41.010	−0.912%	$4K	$97	12x
Bybit SMCIUSDT	0.0000%	8h	41.390	+0.006%	$1.0M	$670K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.420	+0.078%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.370	−0.043%	$1.6M	$1.8M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.387	−0.002%	$1.3M	$532K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.400	+0.030%	$1.6M	$261K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.392	+0.011%	$32K	$5K	10x	as long as short
QFEX SMCI-USD	+0.0041%	1h	41.390	+0.006%	$1.1M	$2.3M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.390	+0.006%	$124	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.380	−0.018%	$159K	$265K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.370	−0.043%	$460K	$538K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.410	+0.054%	$8K	$284K	10x	as long as short
Variational Omni SMCI	+0.0105%	8h	41.400	+0.030%	$96K	$109K	—	as long as short
Extended SMCI-USDlong	+0.0240%	1h	41.388	long leg	$578	$10K	10x
Binance SMCIUSDT	+0.0240%	8h	41.397	+0.024%	$3.4M	$5.5M	20x	as long as short
BloFin SMCI-USDT	+0.0244%	8h	41.390	+0.006%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0389%	8h	41.410	+0.054%	$739	$157K	10x	as long as short