SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0252%/8h= −27.6% APRnext payment −$0.32 per $10,000 · paid last 24h −0.076%

Price spread now: Injective against Lighter RH−0.860%7-day average — · you buy dearer than you sell

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

Long on Lighter RH 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 airdropLighter RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 0.860% cheaper against Lighter RH than usual: you would sell low and buy high (−$86 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	Lighter RH SMCI	40.922	0.0032	pay 0.0004% / 1h	32m 23s	$40K	$13K	10x
Short	Injective SMCI/USDC PERP	40.570	−0.0220	pay 0.0028% / 1h	32m 23s	$4K	$88	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter RH. 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 Lighter RHbpFee InjectivebpOrdersPrice spread, now −0.860%Rate

Funding earned: −$52.92
Price spread: −0.860% → 0.000%: −$86.02
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$138.96
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: 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 Lighter RH no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Lighter RH 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	40.570	−0.860%	$4K	$88	12x
Bitget SMCIUSDT	−0.0153%	8h	40.936	+0.034%	$1.3M	$502K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.920	−0.005%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.980	+0.142%	$679K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.930	+0.020%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.947	+0.061%	$125K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.950	+0.068%	$1.6M	$259K	10x	as long as short
Extended SMCI-USD	+0.0008%	1h	40.944	+0.053%	$573	—	10x	as long as short
Binance SMCIUSDT	+0.0010%	8h	40.950	+0.068%	$3.4M	$5.3M	20x	as long as short
Lighter RH SMCIlong	+0.0032%	1h	40.922	long leg	$40K	$13K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SMCI-USDT	+0.0034%	8h	41.000	+0.191%	$79K	$9K	20x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.940	+0.044%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0085%	8h	40.959	+0.090%	$487	$169K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.900	−0.054%	$460K	$504K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.960	+0.093%	$8K	$287K	10x	as long as short
SoDEX SMCI-USD	+0.0106%	1h	40.930	+0.020%	$131	$3K	10x	as long as short
Paragon para:SMCI	+0.0134%	1h	40.899	−0.057%	$157K	$266K	10x	as long as short