Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against HTX−0.085%7-day average — · you buy dearer than you sell

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

Long on HTX 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.085% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SMCI-USDT	41.210	0.0100	pay 0.0100% / 8h	5h 43m	$8K	$292K	10x
Short	Lighter RH SMCI	41.175	0.0032	get 0.0004% / 1h	43m 19s	$40K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$14.28
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$34.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 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 HTX live order book, 2 min ago	26.72 bp	44.7 bp −$45	78.8 bp −$788	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 exchanges

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	40.650	−1.359%	$4K	$80	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.180	−0.073%	$1.0M	$297K	25x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.170	−0.097%	$1.5M	$1.4M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.194	−0.039%	$1.3M	$473K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.200	−0.024%	$1.6M	$264K	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.175	−0.085%	$40K	$14K	10x
OKX SMCI-USDT-SWAP	+0.0042%	8h	41.210	0.000%	$670K	$1.1M	20x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.185	−0.061%	$158K	$241K	10x	as long as short
QFEX SMCI-USD	+0.0080%	1h	41.180	−0.073%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.180	−0.073%	$462K	$629K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SMCI-USDTlong	+0.0100%	8h	41.210	long leg	$8K	$292K	10x
SoDEX SMCI-USD	+0.0150%	1h	41.180	−0.073%	$133	$3K	10x	as long as short
Variational Omni SMCI	+0.0489%	8h	41.189	−0.050%	$151K	$160K	—	as long as short
Extended SMCI-USD	+0.0600%	1h	41.184	−0.063%	$577	—	10x	as long as short
Binance SMCIUSDT	+0.0601%	8h	41.196	−0.033%	$3.4M	$5.3M	20x	as long as short
BloFin SMCI-USDT	+0.0602%	8h	41.240	+0.073%	$80K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.1731%	8h	41.260	+0.121%	$522	$164K	10x	as long as short