Settings8H · net · $10k
Funding arb · Price arb /

SEI

all SEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Backpack against ApeX Omni−0.017%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$960.961% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.017%, 7d avg +0.071%
Together, before fees+0.039%+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.088% cheaper against ApeX Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SEIUSDT0.059200.0100pay 0.0013% / 1h11m 33s$108K$673K50x
ShortBackpack SEI_USDC_PERP0.059190.0100get 0.0013% / 1h11m 33s$116K$565K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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

Funding earned
$0
Price spread: −0.017% → +0.071%
−$8.81
Slippage, 4 orders
−$76.11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$104.92
Costs to cover
0.961%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 67 min ago; Backpack: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 67 min ago25.53 bp37.0 bp −$37154.5 bp −$1,545doesn't fitdoesn't fit
Sell Backpack live order book, 2 min ago0.85 bp9.8 bp −$10doesn't fitdoesn't fitdoesn't fit

SEI on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX SEI/USD [ETH-USDC]L −0.0802% / S +0.0440%1h0.05917−0.056%$23K100xas long as short
Variational Omni SEI−0.0070%8h0.05919−0.014%$317K$222Kas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05916−0.069%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05918−0.034%$20K$62K25xas long as short
Lighter SEI+0.0096%1h0.05918−0.034%$264K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05917−0.051%$1K$111K20xas long as short
Hyperliquid SEI+0.0100%1h0.05922+0.041%$3.4M$6.5M5xas long as short
Aster SEIUSDT+0.0100%8h0.05915−0.083%$309K$363K20xas long as short
Binance SEIUSDT+0.0100%8h0.05921+0.017%$14.1M$126.7M75xas long as short
Bybit SEIUSDT+0.0100%8h0.05912−0.135%$13.9M$36.0M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05917−0.051%$3.1M$39.8M50xas long as short
Gate SEI_USDT+0.0100%8h0.05913−0.118%$1.1M$3.5M75xas long as short
MEXC SEI_USDT+0.0100%8h0.059200.000%$34.6M$26.3M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05917−0.051%$6.1M$14.2M75xas long as short
Bitget SEIUSDT+0.0100%8h0.059200.000%$9.3M$16.9M75xas long as short
BingX SEI-USDT+0.0100%8h0.05918−0.034%$33.2Mas long as short
Backpack SEI_USDC_PERPshort+0.0100%1h0.05919−0.017%$116K$565K10x
GRVT SEI_USDT_Perp+0.0100%8h0.05917−0.045%$202K$1.5M10xas long as short
ApeX Omni SEIUSDTlong+0.0100%1h0.05920long leg$108K$673K50x
SunX SEI-USDT+0.0100%8h0.05921+0.017%$22K$4.6M30xas long as short
Extended SEI-USD+0.0104%1h0.05922+0.036%$75K$476K25xas long as short
BloFin SEI-USDT+0.0220%8h0.05922+0.034%$716K$1.2M75xas long as short
Kraken Futures PF_SEIUSD+0.0324%1h0.05920−0.007%$367K$1.6M50xas long as short
Coinbase International SEI-PERP-INTX+0.0328%1h0.05922+0.034%$33K$207K50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05919−0.015%$11320xas long as short
Injective SEI/USDC PERP+0.1153%1h0.05913−0.118%$8K$43K12xas long as short
dYdX SEI-USD+0.2000%1h0.05912−0.127%$101K$2K5xas long as short