Funding arb · Price arb /

SMCI

RWAall SMCI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.023%

Price spread now: Binance against Lighter RH+0.061%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 Binance

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

The price spread pays, funding is against you. Binance is 0.061% dearer against Lighter RH than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SMCI	40.865	0.0032	pay 0.0004% / 1h	6m 23s	$40K	$13K	10x
Short	Binance SMCIUSDT	40.890	0	get 0.0000% / 8h	6m 23s	$3.4M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.061%Rate

Funding earned: −$6.72
Price spread: +0.061% → 0.000%: $6.12
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.6
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter RH: no order-book sample; Binance: live order book, 1 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 Binance live order book, 1 min ago	2.44 bp	16.2 bp −$16	59.3 bp −$593	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	40.460	−0.991%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0154%	8h	40.874	+0.022%	$1.3M	$501K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.880	+0.037%	$573	—	10x	as long as short
Binance SMCIUSDTshort	0.0000%	8h	40.890	+0.061%	$3.4M	$5.3M	20x
Bybit SMCIUSDT	0.0000%	8h	40.830	−0.086%	$995K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.850	−0.037%	$674K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.850	−0.037%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.845	−0.049%	$124K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.880	+0.037%	$1.6M	$258K	10x	as long as short
BloFin SMCI-USDT	+0.0020%	8h	40.870	+0.012%	$79K	$9K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCIlong	+0.0032%	1h	40.865	long leg	$40K	$13K	10x
SoDEX SMCI-USD	+0.0050%	1h	40.860	−0.012%	$132	$3K	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0067%	8h	40.849	−0.040%	$148	$170K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.890	+0.061%	$1.1M	$1.8M	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	40.850	−0.037%	$459K	$522K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	40.870	+0.012%	$8K	$287K	10x	as long as short
Paragon para:SMCI	+0.0259%	1h	40.863	−0.006%	$157K	$266K	10x	as long as short