SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0268%/8h= −29.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.081%

Price spread now: Injective against QFEX−0.987%7-day average — · you buy dearer than you sell

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

Long on QFEX 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 −$8 a day on $10k at the current rate, and Injective is 0.987% cheaper against QFEX than usual: you would sell low and buy high (−$99 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	QFEX SMCI-USD	41.550	0.0048	pay 0.0006% / 1h	5m 23s	$1.1M	$2.0M	10x
Short	Injective SMCI/USDC PERP	41.140	−0.0220	pay 0.0028% / 1h	5m 23s	$4K	$96	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against QFEX. 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 QFEXbpFee InjectivebpOrdersPrice spread, now −0.987%Rate

Funding earned: −$56.25
Price spread: −0.987% → 0.000%: −$98.68
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$164.94
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 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 QFEX live order book, 2 min ago	3.61 bp	8.6 bp −$9	16.8 bp −$168	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	41.140	−0.987%	$4K	$96	12x
Bybit SMCIUSDT	0.0000%	8h	41.520	−0.072%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.510	−0.096%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.540	−0.024%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.538	−0.029%	$1.3M	$504K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.560	+0.024%	$1.6M	$249K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.547	−0.007%	$32K	$5K	10x	as long as short
QFEX SMCI-USDlong	+0.0048%	1h	41.550	long leg	$1.1M	$2.0M	10x
SoDEX SMCI-USD	+0.0050%	1h	41.540	−0.024%	$143	$3K	10x	as long as short
Variational Omni SMCI	+0.0071%	8h	41.552	+0.005%	$98K	$110K	—	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	41.520	−0.072%	$462K	$479K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.550	0.000%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0173%	8h	41.570	+0.048%	$489	$156K	10x	as long as short
Binance SMCIUSDT	+0.0196%	8h	41.570	+0.048%	$3.4M	$5.2M	20x	as long as short
BloFin SMCI-USDT	+0.0198%	8h	41.540	−0.024%	$32K	$9K	20x	as long as short
Extended SMCI-USD	+0.0200%	1h	41.559	+0.023%	$580	$10K	10x	as long as short
Paragon para:SMCI	+0.1266%	1h	41.500	−0.120%	$159K	$265K	10x	as long as short