Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against OKX−0.053%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Funding pays, the price is against you. Lighter RH is 0.053% cheaper against OKX than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SMCI-USDT-SWAP	41.200	0	get 0.0000% / 8h	2h 07m	$687K	$1.1M	20x
Short	Lighter RH SMCI	41.178	0.0032	get 0.0004% / 1h	7m 17s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. 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 OKXbpFee Lighter RHbpOrdersPrice spread, now −0.053%Rate

Funding earned: $6.72
Price spread: −0.053% → 0.000%: −$5.34
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.62
Costs to cover: 0.100%
Break-even: 16.0 days

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	3.64 bp	13.8 bp −$14	3668.4 bp −$36.7K	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	−1.383%	$4K	$93	12x	as long as short
Bitget SMCIUSDT	−0.0163%	8h	41.160	−0.097%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.130	−0.170%	$1.0M	$292K	25x	as long as short
OKX SMCI-USDT-SWAPlong	0.0000%	8h	41.200	long leg	$687K	$1.1M	20x
Gate SMCI_USDT	0.0000%	8h	41.160	−0.097%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.183	−0.042%	$117K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.170	−0.073%	$1.6M	$262K	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.178	−0.053%	$32K	$5K	10x
QFEX SMCI-USD	+0.0056%	1h	41.190	−0.024%	$1.1M	$1.8M	10x	as long as short
Paragon para:SMCI	+0.0060%	1h	41.128	−0.175%	$158K	$266K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SMCIUSDT	+0.0063%	8h	41.190	−0.024%	$3.4M	$5.4M	20x	as long as short
Extended SMCI-USD	+0.0064%	1h	41.178	−0.053%	$576	—	10x	as long as short
BloFin SMCI-USDT	+0.0075%	8h	41.180	−0.049%	$79K	$9K	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0092%	8h	41.160	−0.097%	$103	$167K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.160	−0.097%	$462K	$472K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.200	0.000%	$8K	$285K	10x	as long as short
SoDEX SMCI-USD	+0.0135%	1h	41.190	−0.024%	$144	$3K	10x	as long as short