Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Backpack0.000%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.375% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now 0.000%, 7d avg −0.052%
=Together, before fees−0.038%+ Points / potential airdropLighter: Season 3 · farm board−$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: Lighter is 0.052% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.05896 | 0.0100 | pay 0.0013% / 1h | 46m 43s | $117K | $564K | 10x |
| Short | Lighter SEI | 0.05896 | 0.0096 | get 0.0012% / 1h | 46m 43s | $268K | $1.2M | 10x |
Backpack SEI_USDC_PERP
Lighter SEIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: 0.000% → −0.052%
- $5.22
- Slippage, 4 orders
- −$27.45
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$33.08
- Costs to cover
- 0.375%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 27 min ago; Lighter: live order book, 4 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, 27 min ago | 0.85 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.42 bp | 10.9 bp −$11 | 41.9 bp −$419 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05885 | −0.188% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0119% | 8h | 0.05855 | −0.702% | $314K | $222K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05888 | −0.138% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05890 | −0.102% | $9K | $72K | 25x | as long as short |
| Bybit SEIUSDT | +0.0020% | 8h | 0.05887 | −0.153% | $13.9M | $36.1M | 50x | as long as short |
| Gate SEI_USDT | +0.0063% | 8h | 0.05889 | −0.119% | $1.1M | $3.4M | 75x | as long as short |
| Lighter SEIshort | +0.0096% | 1h | 0.05896 | 0.000% | $268K | $1.2M | 10x | |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05890 | −0.102% | $1K | $110K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05896 | −0.003% | $3.4M | $6.4M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05891 | −0.093% | $308K | $349K | 20x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Bybit SEIUSDT
Gate SEI_USDT
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SEIUSDT | +0.0100% | 8h | 0.05894 | −0.034% | $14.4M | $127.7M | 75x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05889 | −0.119% | $3.1M | $39.5M | 50x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05892 | −0.068% | $33.1M | $27.4M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05892 | −0.068% | $6.1M | $14.3M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05894 | −0.034% | $9.3M | $17.0M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05890 | −0.102% | — | $33.3M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.05896 | long leg | $117K | $564K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05852 | −0.747% | $205K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05850 | −0.780% | $106K | $673K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05889 | −0.119% | $22K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05890 | −0.110% | $78K | $540K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0144% | 1h | 0.05845 | −0.865% | $33K | $203K | 50x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0181% | 1h | 0.05889 | −0.126% | $366K | $1.6M | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05886 | −0.170% | $732K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05883 | −0.215% | $112 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0974% | 1h | 0.05899 | +0.051% | $8K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.1360% | 1h | 0.05888 | −0.135% | $100K | $2K | 5x | as long as short |
Binance SEIUSDT
OKX SEI-USDT-SWAP
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
Kraken Futures PF_SEIUSD
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD