Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.023%

Price spread now: Binance against Lighter RH+0.063%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 Binance

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 +$4 a day on $10k at the current rate, and Binance is 0.063% dearer against Lighter RH than usual: you sell high and buy low: +$6 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	41.520	0.0032	pay 0.0004% / 1h	7m 18s	$32K	$5K	10x
Short	Binance SMCIUSDT	41.546	0.0152	get 0.0152% / 8h	4h 07m	$3.4M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.063%Rate

Funding earned: $25.12
Price spread: +0.063% → 0.000%: $6.33
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $21.45
Costs to cover: 0.100%
Break-even: 1.0 days

Slippage unknown: Lighter RH: no order-book sample; Binance: live order book, just now. 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 Binance live order book, just now	2.41 bp	14.5 bp −$14	53.2 bp −$532	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	41.120	−0.963%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.510	−0.024%	$1.0M	$647K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.580	+0.145%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.530	+0.024%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.539	+0.046%	$1.3M	$489K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.550	+0.072%	$1.6M	$249K	10x	as long as short
QFEX SMCI-USD	+0.0021%	1h	41.520	0.000%	$1.1M	$1.9M	10x	as long as short
Variational Omni SMCI	+0.0030%	8h	41.528	+0.019%	$98K	$110K	—	as long as short
Lighter RH SMCIlong	+0.0032%	1h	41.520	long leg	$32K	$5K	10x
SoDEX SMCI-USD	+0.0050%	1h	41.540	+0.048%	$149	$3K	10x	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	41.510	−0.024%	$464K	$482K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.560	+0.096%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0113%	8h	41.540	+0.048%	$234	$160K	10x	as long as short
Binance SMCIUSDTshort	+0.0152%	8h	41.546	+0.063%	$3.4M	$5.2M	20x
Extended SMCI-USD	+0.0152%	1h	41.538	+0.044%	$582	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0169%	8h	41.530	+0.024%	$80K	$9K	20x	as long as short
Paragon para:SMCI	+0.1087%	1h	41.471	−0.118%	$159K	$265K	10x	as long as short