Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: HTX against Lighter RH+0.195%7-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 HTX

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 +$2 a day on $10k at the current rate, and HTX is 0.195% dearer against Lighter RH than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SMCI	41.599	0.0032	pay 0.0004% / 1h	22m 21s	$32K	$5K	10x
Short	HTX SMCI-USDT	41.680	0.0100	get 0.0100% / 8h	7h 22m	$8K	$284K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.195%Rate

Funding earned: $14.28
Price spread: +0.195% → 0.000%: $19.47
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $21.75
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter RH: no order-book sample; HTX: live order book, 50 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 HTX live order book, 50 min ago	14.49 bp	39.8 bp −$40	109.9 bp −$1,099	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	41.150	−1.079%	$4K	$96	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.590	−0.022%	$1.0M	$656K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.600	+0.002%	$694K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.620	+0.050%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.602	+0.007%	$1.3M	$508K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.660	+0.147%	$1.6M	$247K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.610	+0.026%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCIlong	+0.0032%	1h	41.599	long leg	$32K	$5K	10x
Paragon para:SMCI	+0.0061%	1h	41.560	−0.094%	$160K	$265K	10x	as long as short
Variational Omni SMCI	+0.0093%	8h	41.683	+0.202%	$97K	$109K	—	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	41.560	−0.094%	$462K	$526K	20x	as long as short
HTX SMCI-USDTshort	+0.0100%	8h	41.680	+0.195%	$8K	$284K	10x
SoDEX SMCI-USD	+0.0162%	1h	41.630	+0.075%	$136	$3K	10x	as long as short
Extended SMCI-USD	+0.0240%	1h	41.621	+0.054%	$583	$10K	10x	as long as short
Binance SMCIUSDT	+0.0242%	8h	41.640	+0.098%	$3.4M	$5.1M	20x	as long as short
BloFin SMCI-USDT	+0.0267%	8h	41.650	+0.123%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0458%	8h	41.661	+0.149%	$642	$154K	10x	as long as short