SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0460%/8h= −50.4% APRnext payment −$0.58 per $10,000 · paid last 24h −0.099%

Price spread now: Injective against Extended−1.133%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 1.133% cheaper against Extended than usual: you would sell low and buy high (−$113 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	Extended SMCI-USD	41.621	0.0240	pay 0.0030% / 1h	22m 39s	$583	$10K	10x
Short	Injective SMCI/USDC PERP	41.150	−0.0220	pay 0.0028% / 1h	22m 39s	$4K	$96	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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 ExtendedbpFee InjectivebpOrdersPrice spread, now −1.133%Rate

Funding earned: −$96.6
Price spread: −1.133% → 0.000%: −$113.26
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$214.88
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: 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 Extended no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Extended 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	41.150	−1.133%	$4K	$96	12x
Bybit SMCIUSDT	0.0000%	8h	41.590	−0.075%	$1.0M	$656K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.600	−0.051%	$694K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.630	+0.021%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.603	−0.044%	$1.3M	$508K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.660	+0.093%	$1.6M	$247K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.610	−0.027%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.599	−0.054%	$32K	$5K	10x	as long as short
Paragon para:SMCI	+0.0061%	1h	41.560	−0.147%	$160K	$265K	10x	as long as short
Variational Omni SMCI	+0.0093%	8h	41.683	+0.148%	$97K	$109K	—	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	41.560	−0.147%	$462K	$526K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.680	+0.141%	$8K	$284K	10x	as long as short
SoDEX SMCI-USD	+0.0162%	1h	41.630	+0.021%	$136	$3K	10x	as long as short
Extended SMCI-USDlong	+0.0240%	1h	41.621	long leg	$583	$10K	10x
Binance SMCIUSDT	+0.0242%	8h	41.637	+0.037%	$3.4M	$5.1M	20x	as long as short
BloFin SMCI-USDT	+0.0267%	8h	41.650	+0.069%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0458%	8h	41.661	+0.095%	$642	$154K	10x	as long as short