SMCI

Alert

Funding spread now, next payment 18:00 UTC+0.0220%/8h

paid, last 24h+0.084%paid, last 3 days+0.260%to open and closeno order book

Long on Injective Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SMCI/USDC PERP	41.040	−0.0220	get 0.0028% / 1h	28m 56s	$4K	$100	12x
Short	Variational Omni SMCI	41.522	0	get 0.0000% / 8h	6h 28m	$68K	$950K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Variational OmnibpOrdersRate

Funding earned: $46.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $46.18
Break-even: 0.0 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 17 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.175%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 17 min ago	5.72 bp	doesn't fit	79.4 bp −$794	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 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective SMCI/USDC PERPlong	−0.0220%	1h	$4K	$100	12x
Bybit SMCIUSDT	0.0000%	8h	$1.0M	$632K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	$707K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	$1.3M	$664K	20x	as long as short
Variational Omni SMCIshort	0.0000%	8h	$68K	$950K	—
Phemex SMCIUSDT	0.0000%	8h	$1.6M	$301K	10x	as long as short
BloFin SMCI-USDT	+0.0020%	8h	$79K	$9K	20x	as long as short
Lighter RH SMCI	+0.0032%	1h	$32K	$7K	10x	as long as short
Extended SMCI-USD	+0.0048%	1h	$580	$10K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance SMCIUSDT	+0.0050%	8h	$3.4M	$6.1M	20x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	$125	$3K	10x	as long as short
QFEX SMCI-USD	+0.0057%	1h	$1.1M	$1.9M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	$182K	$259K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	$463K	$521K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	$8K	$290K	10x	as long as short