Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.072%
Price spread now: Injective against Variational Omni−1.081%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 1.081% cheaper against Variational Omni than usual: you would sell low and buy high (−$108 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SMCI | 40.973 | 0 | get 0.0000% / 8h | 1h 25m | $116K | $127K | — |
| Short | Injective SMCI/USDC PERP | 40.530 | −0.0220 | pay 0.0028% / 1h | 25m 32s | $4K | $90 | 12x |
Variational Omni SMCI
Injective SMCI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.2
- Price spread: −1.081% → 0.000%
- −$108.08
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$154.3
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 59 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 Variational Omni RFQ quote, 59 min ago | 5.75 bp | doesn't fit | 86.7 bp −$867 | 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 | 40.530 | −1.081% | $4K | $90 | 12x | |
| Bitget SMCIUSDT | −0.0186% | 8h | 40.955 | −0.044% | $1.3M | $502K | 20x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 40.970 | −0.007% | $998K | $293K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 40.950 | −0.056% | $683K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 40.950 | −0.056% | $1.5M | $1.4M | 20x | as long as short |
| Variational Omni SMCIlong | 0.0000% | 8h | 40.973 | long leg | $116K | $127K | — | |
| Phemex SMCIUSDT | 0.0000% | 8h | 40.960 | −0.031% | $1.6M | $261K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0011% | 8h | 40.950 | −0.056% | $80K | $9K | 20x | as long as short |
| Extended SMCI-USD | +0.0016% | 1h | 40.960 | −0.031% | $573 | — | 10x | as long as short |
| Binance SMCIUSDT | +0.0018% | 8h | 40.970 | −0.007% | $3.4M | $5.3M | 20x | as long as short |
Bitget SMCIUSDT
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Phemex SMCIUSDT
BloFin SMCI-USDT
Extended SMCI-USD
Binance SMCIUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SMCI | +0.0032% | 1h | 40.967 | −0.014% | $32K | $5K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0050% | 1h | 40.960 | −0.031% | $130 | $3K | 10x | as long as short |
| Paragon para:SMCI | +0.0060% | 1h | 40.945 | −0.069% | $157K | $266K | 10x | as long as short |
| QFEX SMCI-USD | +0.0075% | 1h | 40.960 | −0.031% | $1.2M | $1.8M | 10x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0077% | 8h | 40.960 | −0.031% | $272 | $168K | 10x | as long as short |
| KuCoin SMCIUSDTM | +0.0100% | 8h | 40.940 | −0.080% | $460K | $489K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 40.980 | +0.017% | $8K | $286K | 10x | as long as short |
Lighter RH SMCI
SoDEX SMCI-USD
Paragon para:SMCI
QFEX SMCI-USD
GRVT SMCI_USDT_Perp
KuCoin SMCIUSDTM
HTX SMCI-USDT