Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate+0.015%7-day average — · you sell dearer than you buy

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

Long on Gate 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SMCI_USDT	40.930	0	get 0.0000% / 8h	37m 45s	$1.5M	$1.4M	20x
Short	Lighter RH SMCI	40.936	0.0032	get 0.0004% / 1h	37m 45s	$40K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now +0.015%Rate

Funding earned: $6.72
Price spread: +0.015% → 0.000%: $1.47
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.81
Costs to cover: 0.150%
Break-even: 14.1 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	12.23 bp	20.5 bp −$20	doesn't fit	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	40.570	−0.880%	$4K	$88	12x	as long as short
Bitget SMCIUSDT	−0.0164%	8h	40.943	+0.032%	$1.3M	$502K	20x	as long as short
BloFin SMCI-USDT	−0.0013%	8h	40.970	+0.098%	$79K	$9K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.920	−0.024%	$997K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.950	+0.049%	$678K	$1.1M	20x	as long as short
Gate SMCI_USDTlong	0.0000%	8h	40.930	long leg	$1.5M	$1.4M	20x
Variational Omni SMCI	0.0000%	8h	40.972	+0.103%	$125K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.960	+0.073%	$1.6M	$259K	10x	as long as short
Extended SMCI-USD	+0.0008%	1h	40.949	+0.047%	$573	—	10x	as long as short
Binance SMCIUSDT	+0.0010%	8h	40.960	+0.073%	$3.4M	$5.3M	20x	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	40.936	+0.015%	$40K	$13K	10x
QFEX SMCI-USD	+0.0067%	1h	40.970	+0.098%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0078%	8h	40.957	+0.067%	$525	$169K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.890	−0.098%	$460K	$505K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.020	+0.220%	$8K	$286K	10x	as long as short
SoDEX SMCI-USD	+0.0139%	1h	40.940	+0.024%	$135	$3K	10x	as long as short
Paragon para:SMCI	+0.0237%	1h	40.916	−0.034%	$157K	$266K	10x	as long as short