Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.023%

Price spread now: Lighter RH against Binance−0.058%7-day average — · you buy dearer than you sell

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

Long on Binance 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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter RH is 0.058% cheaper against Binance than usual: you would sell low and buy high (−$6 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	Binance SMCIUSDT	41.720	0.0219	pay 0.0219% / 8h	7h 45m	$3.4M	$5.2M	20x
Short	Lighter RH SMCI	41.696	0.0032	get 0.0004% / 1h	45m 04s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$39.34
Price spread: −0.058% → 0.000%: −$5.75
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$55.09
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 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 Binance live order book, 8 min ago	2.40 bp	12.7 bp −$13	57.5 bp −$575	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	−1.318%	$4K	$95	12x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.700	−0.048%	$1.0M	$665K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.740	+0.048%	$695K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.690	−0.072%	$1.6M	$1.7M	20x	as long as short
Bitget SMCIUSDT	0.0000%	8h	41.682	−0.091%	$1.3M	$512K	20x	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.710	−0.024%	$1.6M	$253K	10x	as long as short
QFEX SMCI-USD	+0.0023%	1h	41.720	0.000%	$1.1M	$2.3M	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.696	−0.058%	$32K	$5K	10x
Variational Omni SMCI	+0.0055%	8h	41.744	+0.056%	$97K	$109K	—	as long as short
Paragon para:SMCI	+0.0060%	1h	41.660	−0.144%	$160K	$265K	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	41.650	−0.168%	$464K	$530K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.670	−0.120%	$8K	$284K	10x	as long as short
Extended SMCI-USD	+0.0216%	1h	41.711	−0.021%	$583	$10K	10x	as long as short
BloFin SMCI-USDT	+0.0217%	8h	41.710	−0.024%	$79K	$9K	20x	as long as short
Binance SMCIUSDTlong	+0.0219%	8h	41.720	long leg	$3.4M	$5.2M	20x
GRVT SMCI_USDT_Perp	+0.0400%	8h	41.643	−0.185%	$749	$156K	10x	as long as short
SoDEX SMCI-USD	+0.0407%	1h	41.700	−0.048%	$125	$3K	10x	as long as short