Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against OKX+0.143%7-day average — · you sell dearer than you buy

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

Long on OKX 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.143% dearer against OKX than usual: you sell high and buy low: +$14 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	OKX SMCI-USDT-SWAP	41.180	0	get 0.0000% / 8h	3h 16m	$684K	$1.1M	20x
Short	Lighter RH SMCI	41.239	0.0032	get 0.0004% / 1h	16m 02s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. 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 OKXbpFee Lighter RHbpOrdersPrice spread, now +0.143%Rate

Funding earned: $6.72
Price spread: +0.143% → 0.000%: $14.33
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $11.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, just now; 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 OKX live order book, just now	2.42 bp	11.9 bp −$12	3461.5 bp −$34.6K	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	40.820	−0.874%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.210	+0.073%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	41.180	long leg	$684K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.220	+0.097%	$1.5M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.223	+0.104%	$1.3M	$501K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.253	+0.177%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.260	+0.194%	$1.6M	$256K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.270	+0.219%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.239	+0.143%	$32K	$5K	10x
GRVT SMCI_USDT_Perp	+0.0036%	8h	41.240	+0.147%	$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	41.220	+0.097%	$144	$3K	10x	as long as short
BloFin SMCI-USDT	+0.0054%	8h	41.210	+0.073%	$79K	$9K	20x	as long as short
Binance SMCIUSDT	+0.0079%	8h	41.265	+0.206%	$3.4M	$5.3M	20x	as long as short
Extended SMCI-USD	+0.0080%	1h	41.252	+0.175%	$576	$10K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.180	0.000%	$460K	$474K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.250	+0.170%	$8K	$286K	10x	as long as short
Paragon para:SMCI	+0.0224%	1h	41.226	+0.112%	$158K	$265K	10x	as long as short