Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.059%
Price spread now: Coinbase International against Backpack+0.167%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1551.546% of the position
Funding, last 7 days−0.652%−$65 on $10k
+Price spread, last 4 days (all we have)−0.478%−$48 · spread now +0.167%, 7d avg −0.113%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.280% dearer against Backpack than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.113%. Mind the row above: over the last 7 days funding on this pair cost −0.652%, 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 | 0.06000 | 0.0100 | pay 0.0013% / 1h | 0m 47s | $107K | $649K | 10x |
| Short | Coinbase International SEI-PERP-INTX | 0.06010 | 0.0280 | get 0.0035% / 1h | 0m 47s | $43K | $230K | 50x |
Backpack SEI_USDC_PERP
Coinbase International SEI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $37.8
- Price spread: +0.167% → −0.113%
- $27.96
- Slippage, 4 orders
- −$134.64
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$88.88
- Costs to cover
- 1.546%
- Break-even
- 23.5 days
Slippage from Backpack: live order book, 48 min ago; Coinbase International: live order book, 47 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, 48 min ago | 0.84 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 47 min ago | 15.97 bp | 63.4 bp −$63 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0133% | 8h | 0.05991 | −0.143% | $316K | $179K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05996 | −0.064% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0030% / S −0.0028% | 1h | 0.05995 | −0.078% | $3K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06001 | +0.017% | $271K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05992 | −0.132% | $3.4M | $4.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05996 | −0.075% | $313K | $360K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05992 | −0.140% | $14.6M | $126.4M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05984 | −0.267% | $14.1M | $34.4M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05983 | −0.283% | $3.4M | $36.7M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05989 | −0.183% | $1.1M | $3.1M | 75x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SEI_USDT | +0.0100% | 8h | 0.05993 | −0.117% | $34.9M | $27.9M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05994 | −0.100% | $6.5M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05990 | −0.167% | $9.7M | $16.6M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05988 | −0.200% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.06000 | long leg | $107K | $649K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06013 | +0.217% | $205K | $2.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06020 | +0.333% | $102K | $672K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06001 | +0.017% | $2K | $131K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06009 | +0.150% | $23K | $3.9M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05992 | −0.139% | $77K | $558K | 25x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0250% | 1h | 0.06002 | +0.033% | $379 | $72K | 25x | as long as short |
| Coinbase International SEI-PERP-INTXshort | +0.0280% | 1h | 0.06010 | +0.167% | $43K | $230K | 50x | |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05999 | −0.017% | $114 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0368% | 8h | 0.06000 | 0.000% | $727K | $1.4M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0410% | 1h | 0.06003 | +0.050% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0537% | 1h | 0.06000 | −0.005% | $361K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.1328% | 1h | 0.05999 | −0.018% | $102K | $2K | 5x | as long as short |
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Deribit SEI_USDC-PERPETUAL
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
dYdX SEI-USD