Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%
Price spread now: BloFin against Backpack−0.101%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.101%, 7d avg −0.039%
=Funding pays, the price is against you. BloFin is 0.062% cheaper against Backpack than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.039%). If the spread goes back, that is −$6 on $10k: about 41 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.05966 | 0.0100 | pay 0.0013% / 1h | 54m 55s | $121K | $569K | 10x |
| Short | BloFin SEI-USDT | 0.05960 | 0.0220 | get 0.0220% / 8h | 2h 54m | $725K | $1.3M | 75x |
Backpack SEI_USDC_PERP
BloFin SEI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.2
- Price spread: −0.101% → −0.039%
- −$6.2
- Slippage, 4 orders
- −$24.42
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.42
- Costs to cover
- 0.464%
- Break-even
- 14.6 days
Slippage from Backpack: live order book, 34 min ago; BloFin: live order book, 3 min ago.
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 Backpack live order book, 34 min ago | 0.84 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.84 bp | 16.4 bp −$16 | 25.4 bp −$254 | 63.7 bp −$6,368 | doesn't fit |
SEI on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05959 | −0.124% | $23K | — | 100x | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0056% | 1h | 0.05940 | −0.436% | $33K | $221K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05961 | −0.078% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05964 | −0.034% | $30K | $52K | 25x | as long as short |
| Variational Omni SEI | +0.0063% | 8h | 0.05946 | −0.327% | $316K | $243K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05965 | −0.017% | $269K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05962 | −0.067% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05958 | −0.129% | $3.5M | $6.6M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05963 | −0.048% | $312K | $382K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05957 | −0.148% | $14.0M | $128.8M | 75x | as long as short |
GMX SEI/USD [ETH-USDC]
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SEIUSDT | +0.0100% | 8h | 0.05949 | −0.285% | $14.0M | $36.6M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05950 | −0.268% | $3.1M | $40.6M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05951 | −0.251% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05955 | −0.184% | $29.9M | $26.6M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05965 | −0.017% | $7.1M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05954 | −0.201% | $9.4M | $17.3M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05952 | −0.235% | — | $33.0M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.05966 | long leg | $121K | $569K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05949 | −0.288% | $204K | $1.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05950 | −0.268% | $109K | $668K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05966 | 0.000% | $22K | $4.8M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05953 | −0.216% | $75K | $477K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0212% | 1h | 0.05965 | −0.020% | $376K | $1.7M | 50x | as long as short |
| BloFin SEI-USDTshort | +0.0220% | 8h | 0.05960 | −0.101% | $725K | $1.3M | 75x | |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05958 | −0.137% | $114 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0863% | 1h | 0.05983 | +0.285% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.2417% | 1h | 0.05955 | −0.177% | $102K | $2K | 5x | as long as short |
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD