Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.023%

Price spread now: Lighter RH against Binance−0.059%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Lighter RH is 0.059% cheaper against Binance than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 10 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SMCIUSDT	40.990	0.0013	pay 0.0013% / 8h	1h 23m	$3.4M	$5.3M	20x
Short	Lighter RH SMCI	40.966	0.0032	get 0.0004% / 1h	23m 31s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.059%Rate

Funding earned: $3.97
Price spread: −0.059% → 0.000%: −$5.86
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$11.89
Costs to cover: 0.100%
Break-even: 28.0 days

Slippage unknown: Binance: live order book, 14 min ago; Lighter RH: 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 Binance live order book, 14 min ago	2.44 bp	14.2 bp −$14	65.5 bp −$655	doesn't fit	doesn't fit
Sell Lighter RH no order-book sample	—	—	—	—	—

Lighter RH: 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 PERP	−0.0220%	1h	40.530	−1.122%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0185%	8h	40.981	−0.022%	$1.3M	$502K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.980	−0.024%	$998K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.950	−0.098%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.970	−0.049%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.973	−0.042%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.980	−0.024%	$1.6M	$261K	10x	as long as short
BloFin SMCI-USDT	+0.0010%	8h	41.000	+0.024%	$80K	$9K	20x	as long as short
Binance SMCIUSDTlong	+0.0013%	8h	40.990	long leg	$3.4M	$5.3M	20x
Extended SMCI-USD	+0.0016%	1h	40.980	−0.025%	$573	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCIshort	+0.0032%	1h	40.966	−0.059%	$32K	$5K	10x
SoDEX SMCI-USD	+0.0050%	1h	40.980	−0.024%	$130	$3K	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	40.940	−0.122%	$157K	$266K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	40.990	0.000%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0077%	8h	40.960	−0.073%	$272	$168K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.940	−0.122%	$460K	$488K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.000	+0.024%	$8K	$285K	10x	as long as short