Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.017%

Price spread now: BloFin against Lighter RH+0.258%61s7-day average — · you sell dearer than you buy

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

Long on Lighter RH Short on BloFin

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.258% dearer against Lighter RH than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SMCI	41.144	0.0032	pay 0.0004% / 1h	18m 03s	$32K	$5K	10x
Short	BloFin SMCI-USDT	41.250	0.0065	get 0.0065% / 8h	3h 18m	$79K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.258%Rate

Funding earned: $6.89
Price spread: +0.258% → 0.000%: $25.76
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $20.66
Costs to cover: 0.120%
Break-even: from the start

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

Lighter RH and BloFin: 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	40.820	−0.787%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.140	−0.010%	$1.0M	$306K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	+0.087%	$684K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.170	+0.063%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.224	+0.194%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.273	+0.313%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.170	+0.063%	$1.6M	$255K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.190	+0.112%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCIlong	+0.0032%	1h	41.144	long leg	$32K	$5K	10x
GRVT SMCI_USDT_Perp	+0.0036%	8h	41.240	+0.234%	$325	$164K	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	41.160	+0.039%	$145	$3K	10x	as long as short
BloFin SMCI-USDTshort	+0.0065%	8h	41.250	+0.258%	$79K	$9K	20x
Extended SMCI-USD	+0.0080%	1h	41.142	−0.005%	$576	$10K	10x	as long as short
Binance SMCIUSDT	+0.0081%	8h	41.137	−0.016%	$3.4M	$5.3M	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.150	+0.015%	$459K	$476K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.180	+0.087%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0214%	1h	41.158	+0.034%	$158K	$265K	10x	as long as short