Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter RH−0.012%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Bitget

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

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	Lighter RH SMCI	41.385	0.0032	pay 0.0004% / 1h	7m 44s	$32K	$7K	10x
Short	Bitget SMCIUSDT	41.380	0	get 0.0000% / 8h	1h 07m	$1.3M	$533K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$6.72
Price spread: −0.012% → 0.000%: −$1.21
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter RH: no order-book sample; Bitget: live order book, 4 min ago. 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 Lighter RH no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	8.46 bp	31.2 bp −$31	40.4 bp −$404	doesn't fit	doesn't fit

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	41.000	−0.930%	$4K	$99	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.350	−0.085%	$1.0M	$656K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.430	+0.109%	$689K	$1.2M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.360	−0.060%	$1.6M	$1.9M	20x	as long as short
Bitget SMCIUSDTshort	0.0000%	8h	41.380	−0.012%	$1.3M	$533K	20x
Variational Omni SMCI	0.0000%	8h	41.384	−0.001%	$67K	$81K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.410	+0.060%	$1.6M	$266K	10x	as long as short
Lighter RH SMCIlong	+0.0032%	1h	41.385	long leg	$32K	$7K	10x
QFEX SMCI-USD	+0.0049%	1h	41.390	+0.012%	$1.1M	$2.3M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.340	−0.109%	$159K	$265K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.330	−0.133%	$461K	$545K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.410	+0.060%	$8K	$284K	10x	as long as short
SoDEX SMCI-USD	+0.0114%	1h	41.380	−0.012%	$130	$3K	10x	as long as short
Extended SMCI-USD	+0.0120%	1h	41.394	+0.021%	$578	$10K	10x	as long as short
Binance SMCIUSDT	+0.0126%	8h	41.412	+0.066%	$3.4M	$5.5M	20x	as long as short
BloFin SMCI-USDT	+0.0141%	8h	41.370	−0.036%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0238%	8h	41.393	+0.020%	$348	$158K	10x	as long as short