SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1465%/8h= −160.4% APRnext payment −$1.83 per $10,000 · paid last 24h −0.081%

Price spread now: Lighter RH against Paragon+0.054%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on Lighter RH

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 pays, funding is against you. Lighter RH is 0.054% dearer against Paragon than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:SMCI	41.500	0.1497	pay 0.0187% / 1h	52m 31s	$159K	$265K	10x
Short	Lighter RH SMCI	41.522	0.0032	get 0.0004% / 1h	52m 31s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paragon. 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 ParagonbpFee Lighter RHbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$307.61
Price spread: +0.054% → 0.000%: $5.4
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$312.21
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 53 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 Paragon live order book, 53 min ago	28.97 bp	34.0 bp −$34	129.6 bp −$1,296	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 16 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	−0.842%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.510	+0.025%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.560	+0.146%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.520	+0.049%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.522	+0.054%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.540	+0.097%	$1.6M	$246K	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.522	+0.054%	$32K	$5K	10x
QFEX SMCI-USD	+0.0048%	1h	41.530	+0.073%	$1.1M	$2.2M	10x	as long as short
Variational Omni SMCI	+0.0065%	8h	41.553	+0.129%	$98K	$110K	—	as long as short
SoDEX SMCI-USD	+0.0095%	1h	41.540	+0.097%	$141	$3K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SMCIUSDTM	+0.0100%	8h	41.490	−0.023%	$462K	$499K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.550	+0.121%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0195%	8h	41.532	+0.078%	$29	$154K	10x	as long as short
Binance SMCIUSDT	+0.0207%	8h	41.540	+0.097%	$3.4M	$5.1M	20x	as long as short
Extended SMCI-USD	+0.0208%	1h	41.530	+0.072%	$580	$10K	10x	as long as short
Paragon para:SMCIlong	+0.1497%	1h	41.500	long leg	$159K	$265K	10x