SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0252%/8h= −27.6% APRnext payment −$0.31 per $10,000 · paid last 24h −0.081%

Price spread now: Injective against QFEX−0.436%7-day average — · you buy dearer than you sell

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

Long on QFEX 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—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 0.436% cheaper against QFEX than usual: you would sell low and buy high (−$44 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	QFEX SMCI-USD	41.240	0.0032	pay 0.0004% / 1h	39m 49s	$1.1M	$1.8M	10x
Short	Injective SMCI/USDC PERP	41.060	−0.0220	pay 0.0028% / 1h	39m 49s	$4K	$91	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against QFEX. 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 QFEXbpFee InjectivebpOrdersPrice spread, now −0.436%Rate

Funding earned: −$52.87
Price spread: −0.436% → 0.000%: −$43.65
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$106.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; 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 QFEX live order book, 2 min ago	2.42 bp	12.3 bp −$12	19.9 bp −$199	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	41.060	−0.436%	$4K	$91	12x
Bybit SMCIUSDT	0.0000%	8h	41.200	−0.097%	$1.0M	$652K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.260	+0.048%	$685K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.230	−0.024%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.218	−0.053%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.079%	$97K	$110K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.250	+0.024%	$1.6M	$252K	10x	as long as short
QFEX SMCI-USDlong	+0.0032%	1h	41.240	long leg	$1.1M	$1.8M	10x
Lighter RH SMCI	+0.0032%	1h	41.195	−0.109%	$32K	$5K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0033%	8h	41.340	+0.243%	$184	$163K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	41.250	+0.024%	$149	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0064%	8h	41.350	+0.267%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0086%	8h	41.220	−0.047%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0088%	1h	41.196	−0.106%	$579	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.200	−0.097%	$460K	$480K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.300	+0.145%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0404%	1h	41.218	−0.054%	$158K	$265K	10x	as long as short