SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.159%

Price spread now: Paragon against Injective+1.152%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Paragon

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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and Paragon is 1.152% dearer against Injective than usual: you sell high and buy low: +$115 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SMCI/USDC PERP	40.630	−0.0220	get 0.0028% / 1h	8m 04s	$4K	$93	12x
Short	Paragon para:SMCI	41.098	0.0060	get 0.0008% / 1h	8m 04s	$158K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now +1.152%Rate

Funding earned: $58.8
Price spread: +1.152% → 0.000%: $115.21
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paragon: 5 bp × 2 orders: −$10
Net: $163.99
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Paragon: live order book, 67 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 Paragon live order book, 67 min ago	28.75 bp	33.9 bp −$34	106.6 bp −$1,066	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	40.630	long leg	$4K	$93	12x
Bitget SMCIUSDT	−0.0164%	8h	41.160	+1.304%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.120	+1.206%	$1.0M	$292K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.190	+1.378%	$687K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.150	+1.280%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.183	+1.361%	$117K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.180	+1.354%	$1.6M	$261K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.164	+1.314%	$32K	$5K	10x	as long as short
BloFin SMCI-USDT	+0.0040%	8h	41.200	+1.403%	$79K	$9K	20x	as long as short
QFEX SMCI-USD	+0.0056%	1h	41.160	+1.304%	$1.1M	$1.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:SMCIshort	+0.0060%	1h	41.098	+1.152%	$158K	$266K	10x
Binance SMCIUSDT	+0.0061%	8h	41.186	+1.369%	$3.4M	$5.4M	20x	as long as short
Extended SMCI-USD	+0.0064%	1h	41.168	+1.324%	$576	—	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0092%	8h	41.160	+1.304%	$103	$167K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.110	+1.181%	$461K	$472K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.200	+1.403%	$8K	$285K	10x	as long as short
SoDEX SMCI-USD	+0.0130%	1h	41.160	+1.304%	$145	$3K	10x	as long as short