Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bitget−0.034%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SMCIUSDT	41.064	−0.0136	get 0.0136% / 8h	1h 50m	$1.3M	$466K	20x
Short	Lighter RH SMCI	41.050	0.0032	get 0.0004% / 1h	50m 25s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now −0.034%Rate

Funding earned: $35.28
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $19.87
Costs to cover: 0.120%
Break-even: 3.1 days

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.29 bp	21.8 bp −$22	29.9 bp −$299	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	40.640	−1.033%	$4K	$89	12x	as long as short
Bitget SMCIUSDTlong	−0.0136%	8h	41.064	long leg	$1.3M	$466K	20x
Bybit SMCIUSDT	0.0000%	8h	41.050	−0.034%	$999K	$294K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.080	+0.039%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.060	−0.010%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.078	+0.035%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.090	+0.063%	$1.6M	$263K	10x	as long as short
BloFin SMCI-USDT	+0.0014%	8h	41.120	+0.136%	$80K	$9K	20x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.050	−0.034%	$32K	$5K	10x
Extended SMCI-USD	+0.0040%	1h	41.069	+0.012%	$576	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SMCIUSDT	+0.0042%	8h	41.076	+0.030%	$3.4M	$5.4M	20x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.070	+0.015%	$142	$3K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	41.060	−0.010%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0085%	8h	41.105	+0.101%	$79	$169K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.060	−0.010%	$460K	$483K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.080	+0.039%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0137%	1h	41.051	−0.031%	$158K	$266K	10x	as long as short