SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.005%

Price spread now: Lighter RH against QFEX−0.024%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 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 −$1 a day on $10k at the current rate, and Lighter RH is 0.024% cheaper against QFEX than usual: you would sell low and buy high (−$2 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	QFEX SMCI-USD	41.160	0.0056	pay 0.0007% / 1h	8m 30s	$1.1M	$1.8M	10x
Short	Lighter RH SMCI	41.150	0.0032	get 0.0004% / 1h	8m 30s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against QFEX. 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 QFEXbpFee Lighter RHbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$5.11
Price spread: −0.024% → 0.000%: −$2.43
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 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 QFEX live order book, 3 min ago	3.64 bp	8.6 bp −$9	16.9 bp −$169	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	−1.288%	$4K	$93	12x	as long as short
Bitget SMCIUSDT	−0.0164%	8h	41.157	−0.007%	$1.3M	$501K	20x	as long as short
Bybit SMCIUSDT	0.0000%	8h	41.120	−0.097%	$1.0M	$292K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	41.180	+0.049%	$683K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	41.140	−0.049%	$1.5M	$1.6M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	41.183	+0.055%	$117K	$127K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	41.180	+0.049%	$1.6M	$261K	10x	as long as short
Lighter RH SMCIshort	+0.0032%	1h	41.150	−0.024%	$32K	$5K	10x
BloFin SMCI-USDT	+0.0040%	8h	41.200	+0.097%	$79K	$9K	20x	as long as short
Extended SMCI-USD	+0.0056%	1h	41.148	−0.029%	$576	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SMCI-USDlong	+0.0056%	1h	41.160	long leg	$1.1M	$1.8M	10x
Paragon para:SMCI	+0.0060%	1h	41.098	−0.150%	$158K	$266K	10x	as long as short
Binance SMCIUSDT	+0.0061%	8h	41.160	0.000%	$3.4M	$5.4M	20x	as long as short
GRVT SMCI_USDT_Perp	+0.0092%	8h	41.160	0.000%	$103	$167K	10x	as long as short
KuCoin SMCIUSDTM	+0.0100%	8h	41.110	−0.121%	$461K	$472K	20x	as long as short
HTX SMCI-USDT	+0.0100%	8h	41.190	+0.073%	$8K	$285K	10x	as long as short
SoDEX SMCI-USD	+0.0128%	1h	41.160	0.000%	$147	$3K	10x	as long as short