SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.081%

Price spread now: QFEX against Injective+0.689%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 +$1 a day on $10k at the current rate, and QFEX is 0.689% dearer against Injective than usual: you sell high and buy low: +$69 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	40.650	0.0033	pay 0.0004% / 1h	16m 33s	$4K	$84	12x
Short	QFEX SMCI-USD	40.930	0.0067	get 0.0008% / 1h	16m 33s	$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 +0.689%Rate

Funding earned: $7.04
Price spread: +0.689% → 0.000%: $68.88
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: $65.91
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; QFEX: live order book, 3 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, 3 min ago	28.12 bp	33.1 bp −$33	45.0 bp −$450	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 exchanges

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
Bybit SMCIUSDT	0.0000%	8h	40.890	+0.590%	$995K	$296K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.920	+0.664%	$667K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.890	+0.590%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	40.889	+0.588%	$1.3M	$472K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.930	+0.689%	$1.6M	$260K	10x	as long as short
Lighter RH SMCI	+0.0032%	1h	40.895	+0.603%	$40K	$14K	10x	as long as short
Injective SMCI/USDC PERPlong	+0.0033%	1h	40.650	long leg	$4K	$84	12x
Paragon para:SMCI	+0.0060%	1h	40.831	+0.446%	$157K	$240K	10x	as long as short
QFEX SMCI-USDshort	+0.0067%	1h	40.930	+0.689%	$1.1M	$1.8M	10x
KuCoin SMCIUSDTM	+0.0100%	8h	40.860	+0.517%	$458K	$600K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDT	+0.0100%	8h	40.910	+0.640%	$8K	$290K	10x	as long as short
Variational Omni SMCI	+0.0195%	8h	40.907	+0.631%	$150K	$160K	—	as long as short
Extended SMCI-USD	+0.0320%	1h	40.912	+0.644%	$574	—	10x	as long as short
BloFin SMCI-USDT	+0.0323%	8h	40.940	+0.713%	$80K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0327%	8h	40.939	+0.712%	$3.4M	$5.3M	20x	as long as short
SoDEX SMCI-USD	+0.0384%	1h	40.900	+0.615%	$134	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.1272%	8h	40.920	+0.664%	$521	$166K	10x	as long as short