SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0955%/8h= −104.5% APRnext payment −$1.19 per $10,000 · paid last 24h −0.087%

Price spread now: Lighter RH against Paragon+0.119%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on Lighter RH

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. Lighter RH is 0.119% dearer against Paragon than usual: you sell high and buy low (spread +0.119% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:SMCI	41.537	0.0987	pay 0.0123% / 1h	32m 43s	$159K	$265K	10x
Short	Lighter RH SMCI	41.586	0.0032	get 0.0004% / 1h	32m 43s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paragon. 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 ParagonbpFee Lighter RHbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$200.45
Price spread: +0.119% → 0.000%: $11.89
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$198.56
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Paragon: live order book, 63 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 Paragon live order book, 63 min ago	28.97 bp	34.0 bp −$34	148.6 bp −$1,486	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	41.110	−1.027%	$4K	$92	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.540	+0.008%	$1.0M	$648K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.580	+0.104%	$690K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.560	+0.056%	$1.6M	$1.6M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.532	−0.011%	$1.3M	$504K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.620	+0.201%	$1.6M	$249K	10x	as long as short
QFEX SMCI-USD	+0.0021%	1h	41.590	+0.129%	$1.1M	$1.9M	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.586	+0.119%	$32K	$5K	10x
Variational Omni SMCI	+0.0042%	8h	41.603	+0.159%	$98K	$110K	—	as long as short
SoDEX SMCI-USD	+0.0050%	1h	41.580	+0.104%	$146	$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	41.570	+0.080%	$464K	$478K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.670	+0.321%	$8K	$285K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0140%	8h	41.579	+0.101%	$453	$158K	10x	as long as short
Extended SMCI-USD	+0.0168%	1h	41.600	+0.152%	$580	$10K	10x	as long as short
Binance SMCIUSDT	+0.0171%	8h	41.611	+0.179%	$3.4M	$5.2M	20x	as long as short
BloFin SMCI-USDT	+0.0199%	8h	41.630	+0.225%	$80K	$9K	20x	as long as short
Paragon para:SMCIlong	+0.0987%	1h	41.537	long leg	$159K	$265K	10x