Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.023%

Price spread now: Lighter RH against Binance−0.017%7-day average — · you buy dearer than you sell

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

Long on Binance 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

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	Binance SMCIUSDT	41.170	0.0058	pay 0.0058% / 8h	2h 09m	$3.4M	$5.4M	20x
Short	Lighter RH SMCI	41.163	0.0032	get 0.0004% / 1h	9m 20s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$5.55
Price spread: −0.017% → 0.000%: −$1.7
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago	2.44 bp	17.4 bp −$17	55.8 bp −$558	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	40.630	−1.312%	$4K	$93	12x	as long as short
Bitget SMCIUSDT	−0.0166%	8h	41.160	−0.024%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.120	−0.121%	$1.0M	$292K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	+0.024%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.150	−0.049%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.183	+0.031%	$117K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.160	−0.024%	$1.6M	$261K	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.163	−0.017%	$32K	$5K	10x
BloFin SMCI-USDT	+0.0046%	8h	41.130	−0.097%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0056%	1h	41.158	−0.028%	$576	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SMCI-USD	+0.0056%	1h	41.170	0.000%	$1.1M	$1.8M	10x	as long as short
Binance SMCIUSDTlong	+0.0058%	8h	41.170	long leg	$3.4M	$5.4M	20x
Paragon para:SMCI	+0.0060%	1h	41.110	−0.146%	$158K	$266K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0092%	8h	41.160	−0.024%	$103	$167K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.120	−0.121%	$461K	$472K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.170	0.000%	$8K	$285K	10x	as long as short
SoDEX SMCI-USD	+0.0115%	1h	41.160	−0.024%	$147	$3K	10x	as long as short