SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0252%/8h= −27.6% APRnext payment −$0.32 per $10,000 · paid last 24h −0.076%

Price spread now: Injective against Lighter RH−1.064%97s7-day average — · you buy dearer than you sell

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

Long on Lighter RH 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 airdropLighter RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.064% cheaper against Lighter RH than usual: you would sell low and buy high (−$106 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 97 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	Lighter RH SMCI	40.966	0.0032	pay 0.0004% / 1h	23m 45s	$32K	$5K	10x
Short	Injective SMCI/USDC PERP	40.530	−0.0220	pay 0.0028% / 1h	23m 45s	$4K	$90	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter RH. 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 Lighter RHbpFee InjectivebpOrdersPrice spread, now −1.064%Rate

Funding earned: −$52.92
Price spread: −1.064% → 0.000%: −$106.43
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$159.37
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: 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 Lighter RH no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Lighter RH 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	40.530	−1.064%	$4K	$90	12x
Bitget SMCIUSDT	−0.0185%	8h	40.981	+0.037%	$1.3M	$502K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.970	+0.010%	$998K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.950	−0.039%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.960	−0.015%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.973	+0.017%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.980	+0.034%	$1.6M	$261K	10x	as long as short
BloFin SMCI-USDT	+0.0010%	8h	41.000	+0.083%	$80K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0013%	8h	40.990	+0.059%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0016%	1h	40.980	+0.034%	$573	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCIlong	+0.0032%	1h	40.966	long leg	$32K	$5K	10x
SoDEX SMCI-USD	+0.0050%	1h	40.980	+0.034%	$130	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.940	−0.063%	$157K	$266K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.980	+0.034%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0077%	8h	40.960	−0.015%	$272	$168K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.940	−0.063%	$460K	$488K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.000	+0.083%	$8K	$285K	10x	as long as short