Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: OKX against Lighter RH+0.034%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 OKX

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. OKX is 0.034% dearer against Lighter RH than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SMCI	41.506	0.0032	pay 0.0004% / 1h	22m 44s	$32K	$5K	10x
Short	OKX SMCI-USDT-SWAP	41.520	0	get 0.0000% / 8h	5h 22m	$689K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$6.72
Price spread: +0.034% → 0.000%: $3.37
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$13.35
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter RH: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	2.41 bp	41.4 bp −$41	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	41.130	−0.906%	$4K	$94	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.500	−0.014%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAPshort	0.0000%	8h	41.520	+0.034%	$689K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.500	−0.014%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.505	−0.002%	$1.3M	$505K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.510	+0.010%	$1.6M	$248K	10x	as long as short
Lighter RH SMCIlong	+0.0032%	1h	41.506	long leg	$32K	$5K	10x
QFEX SMCI-USD	+0.0048%	1h	41.500	−0.014%	$1.1M	$2.1M	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.510	+0.010%	$143	$3K	10x	as long as short
Variational Omni SMCI	+0.0051%	8h	41.506	+0.001%	$98K	$110K	—	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	41.490	−0.039%	$462K	$485K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.540	+0.082%	$8K	$284K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0115%	8h	41.520	+0.034%	$502	$155K	10x	as long as short
Extended SMCI-USD	+0.0176%	1h	41.499	−0.017%	$580	$10K	10x	as long as short
Binance SMCIUSDT	+0.0177%	8h	41.510	+0.010%	$3.4M	$5.2M	20x	as long as short
BloFin SMCI-USDT	+0.0198%	8h	41.540	+0.082%	$33K	$9K	20x	as long as short
Paragon para:SMCI	+0.1311%	1h	41.500	−0.015%	$159K	$265K	10x	as long as short