SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.157%

Price spread now: Paragon against Injective+0.892%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Paragon

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—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Paragon is 0.892% dearer against Injective than usual: you sell high and buy low: +$89 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SMCI/USDC PERP	41.170	−0.0220	get 0.0028% / 1h	50m 55s	$4K	$95	12x
Short	Paragon para:SMCI	41.537	0.0060	get 0.0008% / 1h	50m 55s	$159K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Injective. 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 InjectivebpFee ParagonbpOrdersPrice spread, now +0.892%Rate

Funding earned: $58.8
Price spread: +0.892% → 0.000%: $89.17
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paragon: 5 bp × 2 orders: −$10
Net: $137.95
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Paragon: 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 Injective no order-book sample	—	—	—	—	—
Sell Paragon live order book, 5 min ago	25.27 bp	30.3 bp −$30	109.8 bp −$1,098	doesn't fit	doesn't fit

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 PERPlong	−0.0220%	1h	41.170	long leg	$4K	$95	12x
Bybit SMCIUSDT	0.0000%	8h	41.580	+0.996%	$1.0M	$665K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.570	+0.972%	$693K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.570	+0.972%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.564	+0.957%	$1.3M	$512K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.610	+1.069%	$1.6M	$254K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.590	+1.020%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.590	+1.020%	$32K	$5K	10x	as long as short
Variational Omni SMCI	+0.0050%	8h	41.614	+1.077%	$97K	$109K	—	as long as short
Paragon para:SMCIshort	+0.0060%	1h	41.537	+0.892%	$159K	$265K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.550	+0.923%	$462K	$531K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.650	+1.166%	$8K	$284K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0149%	8h	41.574	+0.982%	$748	$156K	10x	as long as short
BloFin SMCI-USDT	+0.0199%	8h	41.620	+1.093%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0206%	8h	41.622	+1.097%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0208%	1h	41.610	+1.069%	$580	$10K	10x	as long as short
SoDEX SMCI-USD	+0.0261%	1h	41.580	+0.996%	$120	$3K	10x	as long as short