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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against Aster−0.071%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$910.912% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.047%+$5 on $10k
Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.071%, 7d avg +0.025%
Together, before fees+0.067%+ Points / potential airdropAster: Stage 5 · farm board+$7 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 0.096% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SEIUSDT0.059790.0100pay 0.0100% / 8h6h 52m$313K$354K20x
ShortBackpack SEI_USDC_PERP0.059750.0100get 0.0013% / 1h52m 40s$118K$567K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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: −0.071% → +0.025%
−$9.65
Slippage, 4 orders
−$73.17
Fee Aster: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$100.81
Costs to cover
0.912%
Break-even
never at this rate
Slippage from Aster: live order book, 14 min ago; Backpack: live order book, 16 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 Aster live order book, 14 min ago9.17 bp50.3 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 16 min ago0.83 bp12.1 bp −$12doesn'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 −0.0815% / S +0.0444%1h0.05964−0.255%$23K100xas long as short
Variational Omni SEI−0.0127%8h0.05902−1.299%$316K$210Kas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05964−0.247%$11K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05967−0.205%$10K$72K25xas long as short
Coinbase International SEI-PERP-INTX+0.0048%1h0.05949−0.506%$34K$207K50xas long as short
Bybit SEIUSDT+0.0095%8h0.05980+0.012%$14.2M$36.2M50xas long as short
Lighter SEI+0.0096%1h0.05980+0.012%$272K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05965−0.239%$2K$110K20xas long as short
Hyperliquid SEI+0.0100%1h0.05982+0.037%$3.5M$6.3M5xas long as short
Aster SEIUSDTlong+0.0100%8h0.05979long leg$313K$354K20x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SEIUSDT+0.0100%8h0.05982+0.041%$14.3M$129.2M75xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05974−0.088%$3.2M$40.3M50xas long as short
Gate SEI_USDT+0.0100%8h0.05981+0.029%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05986+0.112%$35.4M$28.3M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05982+0.046%$6.4M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05982+0.046%$9.5M$17.0M75xas long as short
BingX SEI-USDT+0.0100%8h0.05978−0.021%$31.6Mas long as short
Backpack SEI_USDC_PERPshort+0.0100%1h0.05975−0.071%$118K$567K10x
GRVT SEI_USDT_Perp+0.0100%8h0.05914−1.097%$202K$1.6M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05940−0.657%$108K$677K50xas long as short
SunX SEI-USDT+0.0100%8h0.05970−0.155%$22K$4.5M30xas long as short
Extended SEI-USD+0.0104%1h0.05984+0.075%$76K$540K25xas long as short
BloFin SEI-USDT+0.0220%8h0.05969−0.172%$733K$1.1M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05966−0.229%$11420xas long as short
Kraken Futures PF_SEIUSD+0.0376%1h0.05967−0.204%$379K$1.6M50xas long as short
dYdX SEI-USD+0.0769%1h0.05978−0.029%$102K$2K5xas long as short
Injective SEI/USDC PERP+0.0844%1h0.05956−0.389%$9K$43K12xas long as short