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: Gate against Lighter RH+0.015%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 Gate

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	Lighter RH SMCI	41.164	0.0032	pay 0.0004% / 1h	5m 28s	$32K	$5K	10x
Short	Gate SMCI_USDT	41.170	0	get 0.0000% / 8h	3h 05m	$1.5M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.015%Rate

Funding earned: −$6.72
Price spread: +0.015% → 0.000%: $1.46
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.26
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Lighter RH: no order-book sample; Gate: live order book, 2 min ago. 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 Gate live order book, 2 min ago	12.15 bp	33.0 bp −$33	doesn't fit	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	40.800	−0.884%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.140	−0.058%	$1.0M	$307K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.200	+0.087%	$688K	$1.1M	20x	as long as short
Gate SMCI_USDTshort	0.0000%	8h	41.170	+0.015%	$1.5M	$1.6M	20x
Bitget SMCIUSDT	0.0000%	8h	41.181	+0.041%	$1.3M	$502K	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.218	+0.131%	$107K	$120K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.210	+0.112%	$1.6M	$256K	10x	as long as short
QFEX SMCI-USD	+0.0032%	1h	41.150	−0.034%	$1.1M	$1.8M	10x	as long as short
Lighter RH SMCIlong	+0.0032%	1h	41.164	long leg	$32K	$5K	10x
GRVT SMCI_USDT_Perp	+0.0038%	8h	41.159	−0.013%	$265	$165K	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	41.180	+0.039%	$147	$3K	10x	as long as short
Extended SMCI-USD	+0.0072%	1h	41.160	−0.011%	$576	$10K	10x	as long as short
Binance SMCIUSDT	+0.0075%	8h	41.170	+0.015%	$3.4M	$5.3M	20x	as long as short
BloFin SMCI-USDT	+0.0082%	8h	41.160	−0.010%	$79K	$9K	20x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.130	−0.083%	$459K	$472K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.230	+0.160%	$8K	$285K	10x	as long as short
Paragon para:SMCI	+0.0181%	1h	41.140	−0.058%	$158K	$265K	10x	as long as short