Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.017%

Price spread now: Lighter RH against BloFin−0.110%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 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 0.110% cheaper against BloFin than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 27 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SMCI-USDT	41.030	0.0018	pay 0.0018% / 8h	1h 42m	$80K	$9K	20x
Short	Lighter RH SMCI	40.985	0.0032	get 0.0004% / 1h	42m 19s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now −0.110%Rate

Funding earned: $2.87
Price spread: −0.110% → 0.000%: −$10.97
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$20.1
Costs to cover: 0.120%
Break-even: 56.1 days

Slippage unknown: BloFin: no order-book sample; 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 BloFin no order-book sample	—	—	—	—	—
Sell Lighter RH no order-book sample	—	—	—	—	—

BloFin and 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	−0.951%	$4K	$89	12x	as long as short
Bitget SMCIUSDT	−0.0132%	8h	41.014	−0.039%	$1.3M	$466K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.970	−0.146%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.000	−0.073%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.970	−0.146%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.023	−0.017%	$116K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.030	0.000%	$1.6M	$263K	10x	as long as short
BloFin SMCI-USDTlong	+0.0018%	8h	41.030	long leg	$80K	$9K	20x
Lighter RH SMCIshort	+0.0032%	1h	40.985	−0.110%	$32K	$5K	10x
Binance SMCIUSDT	+0.0034%	8h	40.987	−0.105%	$3.4M	$5.4M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SMCI-USD	+0.0040%	1h	40.981	−0.119%	$576	—	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.020	−0.024%	$136	$3K	10x	as long as short
QFEX SMCI-USD	+0.0075%	1h	41.000	−0.073%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0085%	8h	41.079	+0.120%	$596	$169K	10x	as long as short
Paragon para:SMCI	+0.0095%	1h	40.969	−0.148%	$157K	$266K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.980	−0.122%	$460K	$486K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.040	+0.024%	$8K	$285K	10x	as long as short