SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0287%/8h= −31.5% APRnext payment −$0.36 per $10,000 · paid last 24h −0.151%

Price spread now: Injective against Paragon−1.019%7-day average — · you buy dearer than you sell

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

Long on Paragon 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—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 1.019% cheaper against Paragon than usual: you would sell low and buy high (−$102 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:SMCI	40.947	0.0067	pay 0.0008% / 1h	27m 08s	$157K	$266K	10x
Short	Injective SMCI/USDC PERP	40.530	−0.0220	pay 0.0028% / 1h	27m 08s	$4K	$90	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Paragon. 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 ParagonbpFee InjectivebpOrdersPrice spread, now −1.019%Rate

Funding earned: −$60.35
Price spread: −1.019% → 0.000%: −$101.89
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$172.26
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 38 min ago; 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 Paragon live order book, 38 min ago	28.73 bp	33.9 bp −$34	134.4 bp −$1,344	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−1.019%	$4K	$90	12x
Bitget SMCIUSDT	−0.0189%	8h	40.939	−0.020%	$1.3M	$502K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.960	+0.031%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.950	+0.007%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.950	+0.007%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.928	−0.047%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.960	+0.031%	$1.6M	$262K	10x	as long as short
BloFin SMCI-USDT	+0.0011%	8h	40.950	+0.007%	$80K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0023%	8h	40.965	+0.042%	$3.4M	$5.4M	20x	as long as short
Extended SMCI-USD	+0.0024%	1h	40.953	+0.015%	$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 SMCI	+0.0032%	1h	40.939	−0.020%	$32K	$5K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.950	+0.007%	$130	$3K	10x	as long as short
Paragon para:SMCIlong	+0.0067%	1h	40.947	long leg	$157K	$266K	10x
QFEX SMCI-USD	+0.0075%	1h	40.970	+0.056%	$1.2M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0079%	8h	40.947	−0.001%	$141	$169K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.940	−0.018%	$459K	$490K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.970	+0.056%	$8K	$286K	10x	as long as short