Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against HTX−0.109%7-day average — · you buy dearer than you sell

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

Long on HTX 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.109% cheaper against HTX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	41.350	0.0100	pay 0.0100% / 8h	3h 45m	$8K	$285K	10x
Short	Lighter RH SMCI	41.305	0.0032	get 0.0004% / 1h	45m 08s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$14.28
Price spread: −0.109% → 0.000%: −$10.88
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$37.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 7 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 HTX live order book, 7 min ago	20.52 bp	33.2 bp −$33	68.2 bp −$682	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	41.060	−0.701%	$4K	$91	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.310	−0.097%	$1.0M	$652K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.320	−0.073%	$686K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.320	−0.073%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.315	−0.085%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.323	−0.066%	$97K	$110K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.320	−0.073%	$1.6M	$253K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.290	−0.145%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.305	−0.109%	$32K	$5K	10x
GRVT SMCI_USDT_Perp	+0.0045%	8h	41.334	−0.038%	$184	$163K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SMCI-USD	+0.0050%	1h	41.310	−0.097%	$148	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0088%	8h	41.360	+0.024%	$79K	$9K	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.320	−0.073%	$461K	$480K	20x	as long as short
HTX SMCI-USDTlong	+0.0100%	8h	41.350	long leg	$8K	$285K	10x
Binance SMCIUSDT	+0.0101%	8h	41.321	−0.071%	$3.4M	$5.2M	20x	as long as short
Extended SMCI-USD	+0.0104%	1h	41.308	−0.100%	$579	$10K	10x	as long as short
Paragon para:SMCI	+0.0421%	1h	41.334	−0.038%	$159K	$265K	10x	as long as short