SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0274%/8h= +30.0% APRnext payment +$0.34 per $10,000 · paid last 24h +0.081%

Price spread now: QFEX against Injective−0.297%7-day average — · you buy dearer than you sell

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

Long on Injective Short on QFEX

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

Funding pays, the price is against you. QFEX is 0.297% cheaper against Injective than usual: you would sell low and buy high (spread −0.297% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 3.6 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SMCI/USDC PERP	40.460	−0.0220	get 0.0028% / 1h	28m 09s	$4K	$86	12x
Short	QFEX SMCI-USD	40.340	0.0054	get 0.0007% / 1h	28m 09s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.297%Rate

Funding earned: $57.56
Price spread: −0.297% → 0.000%: −$29.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: $17.88
Costs to cover: 0.100%
Break-even: 4.8 days

Slippage unknown: Injective: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago	2.48 bp	9.9 bp −$10	17.8 bp −$178	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	40.460	long leg	$4K	$86	12x
Bitget SMCIUSDT	−0.0079%	8h	40.335	−0.309%	$1.3M	$520K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.355	−0.260%	$566	—	10x	as long as short
Binance SMCIUSDT	0.0000%	8h	40.363	−0.240%	$3.3M	$5.3M	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.370	−0.222%	$984K	$299K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.320	−0.346%	$666K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.330	−0.321%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.378	−0.202%	$149K	$160K	—	as long as short
GRVT SMCI_USDT_Perp	0.0000%	8h	40.359	−0.251%	$517	$169K	10x	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.340	−0.297%	$1.6M	$258K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0023%	8h	40.350	−0.272%	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.339	−0.299%	$39K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.330	−0.321%	$136	$3K	10x	as long as short
QFEX SMCI-USDshort	+0.0054%	1h	40.340	−0.297%	$1.1M	$1.8M	10x
KuCoin SMCIUSDTM	+0.0100%	8h	40.370	−0.222%	$454K	$541K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.410	−0.124%	$8K	$288K	10x	as long as short
Paragon para:SMCI	+0.0715%	1h	40.380	−0.199%	$155K	$241K	10x	as long as short