SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0276%/8h= +30.3% APRnext payment +$0.35 per $10,000 · paid last 24h +0.081%

Price spread now: QFEX against Injective+1.129%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 QFEX

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 QFEX is 1.129% dearer against Injective than usual: you sell high and buy low: +$113 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	40.730	−0.0220	get 0.0028% / 1h	45m 55s	$4K	$90	12x
Short	QFEX SMCI-USD	41.190	0.0056	get 0.0007% / 1h	45m 55s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +1.129%Rate

Funding earned: $58.03
Price spread: +1.129% → 0.000%: $112.94
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: $160.95
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; QFEX: live order book, 6 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 QFEX live order book, 6 min ago	3.64 bp	11.3 bp −$11	21.8 bp −$218	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	40.730	long leg	$4K	$90	12x
Bybit SMCIUSDT	0.0000%	8h	41.150	+1.031%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.190	+1.129%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.170	+1.080%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.181	+1.107%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.183	+1.112%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.180	+1.105%	$1.6M	$258K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	41.155	+1.043%	$32K	$5K	10x	as long as short
QFEX SMCI-USDshort	+0.0056%	1h	41.190	+1.129%	$1.1M	$1.8M	10x
BloFin SMCI-USDT	+0.0058%	8h	41.220	+1.203%	$80K	$9K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:SMCI	+0.0060%	1h	41.139	+1.003%	$158K	$265K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0066%	8h	41.210	+1.178%	$483	$165K	10x	as long as short
SoDEX SMCI-USD	+0.0066%	1h	41.170	+1.080%	$151	$3K	10x	as long as short
Extended SMCI-USD	+0.0072%	1h	41.176	+1.095%	$576	$10K	10x	as long as short
Binance SMCIUSDT	+0.0075%	8h	41.186	+1.119%	$3.4M	$5.3M	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.140	+1.007%	$459K	$468K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.190	+1.129%	$8K	$284K	10x	as long as short