Funding you earn now, next payment 01:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.003%
Price spread now: Lighter RH against Variational Omni−0.116%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.116% cheaper against Variational Omni than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SMCI | 41.744 | 0.0055 | pay 0.0055% / 8h | 7h 45m | $97K | $109K | — |
| Short | Lighter RH SMCI | 41.695 | 0.0032 | get 0.0004% / 1h | 45m 21s | $32K | $5K | 10x |
Variational Omni SMCI
Lighter RH SMCIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.78
- Price spread: −0.116% → 0.000%
- −$11.63
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$16.4
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago | 3.73 bp | doesn't fit | 96.7 bp −$967 | 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 | 41.170 | −1.374% | $4K | $95 | 12x | as long as short |
| Bybit SMCIUSDT | 0.0000% | 8h | 41.700 | −0.104% | $1.0M | $665K | 25x | as long as short |
| OKX SMCI-USDT-SWAP | 0.0000% | 8h | 41.740 | −0.008% | $695K | $1.1M | 20x | as long as short |
| Gate SMCI_USDT | 0.0000% | 8h | 41.690 | −0.128% | $1.6M | $1.7M | 20x | as long as short |
| Bitget SMCIUSDT | 0.0000% | 8h | 41.682 | −0.147% | $1.3M | $512K | 20x | as long as short |
| Phemex SMCIUSDT | 0.0000% | 8h | 41.720 | −0.056% | $1.6M | $253K | 10x | as long as short |
| QFEX SMCI-USD | +0.0023% | 1h | 41.720 | −0.056% | $1.1M | $2.3M | 10x | as long as short |
| Lighter RH SMCIshort | +0.0032% | 1h | 41.695 | −0.116% | $32K | $5K | 10x | |
| Variational Omni SMCIlong | +0.0055% | 8h | 41.744 | long leg | $97K | $109K | — | |
| Paragon para:SMCI | +0.0060% | 1h | 41.660 | −0.200% | $160K | $265K | 10x | as long as short |
Injective SMCI/USDC PERP
Bybit SMCIUSDT
OKX SMCI-USDT-SWAP
Gate SMCI_USDT
Bitget SMCIUSDT
Phemex SMCIUSDT
QFEX SMCI-USD
Paragon para:SMCIShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SMCIUSDTM | +0.0100% | 8h | 41.640 | −0.248% | $464K | $531K | 20x | as long as short |
| HTX SMCI-USDT | +0.0100% | 8h | 41.720 | −0.056% | $8K | $284K | 10x | as long as short |
| Extended SMCI-USD | +0.0216% | 1h | 41.711 | −0.077% | $583 | $10K | 10x | as long as short |
| BloFin SMCI-USDT | +0.0218% | 8h | 41.650 | −0.224% | $79K | $9K | 20x | as long as short |
| Binance SMCIUSDT | +0.0219% | 8h | 41.720 | −0.056% | $3.4M | $5.2M | 20x | as long as short |
| GRVT SMCI_USDT_Perp | +0.0400% | 8h | 41.643 | −0.241% | $749 | $156K | 10x | as long as short |
| SoDEX SMCI-USD | +0.0407% | 1h | 41.700 | −0.104% | $125 | $3K | 10x | as long as short |
KuCoin SMCIUSDTM
HTX SMCI-USDT
Extended SMCI-USD
BloFin SMCI-USDT
Binance SMCIUSDT
GRVT SMCI_USDT_Perp
SoDEX SMCI-USD