Funding you earn now, next payment 07:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.001%
Price spread now: OKX against Backpack−0.230%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.230%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.160% cheaper against Backpack than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.06096 | 0.0169 | pay 0.0021% / 1h | 3m 54s | $113K | $653K | 10x |
| Short | OKX SEI-USDT-SWAP | 0.06082 | 0.0100 | get 0.0050% / 4h | 1h 03m | $3.4M | $36.2M | 50x |
Backpack SEI_USDC_PERP
OKX SEI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$14.49
- Price spread: −0.230% → −0.070%
- −$15.98
- Slippage, 4 orders
- −$28.18
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$78.65
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 40 min ago; OKX: live order book, 5 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, 40 min ago | 0.84 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 3.26 bp | 14.7 bp −$15 | 39.2 bp −$392 | 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 | −0.0080% | 8h | 0.06115 | +0.319% | $321K | $179K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06097 | +0.016% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06096 | 0.000% | $385 | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0068% / S −0.0142% | 1h | 0.06096 | −0.002% | $3K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06097 | +0.016% | $274K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06102 | +0.103% | $3.7M | $5.0M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06093 | −0.047% | $333K | $379K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06087 | −0.140% | $14.7M | $123.1M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06082 | −0.230% | $14.4M | $33.9M | 50x | as long as short |
| OKX SEI-USDT-SWAPshort | +0.0100% | 4h | 0.06082 | −0.230% | $3.4M | $36.2M | 50x |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06097 | +0.016% | $1.1M | $3.2M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06091 | −0.082% | $36.2M | $28.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06096 | 0.000% | $6.8M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06089 | −0.115% | $10.0M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06086 | −0.164% | — | $31.4M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06145 | +0.797% | $210K | $2.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06150 | +0.886% | $104K | $668K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06095 | −0.016% | $2K | $182K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06108 | +0.197% | $23K | $3.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06087 | −0.151% | $85K | $377K | 25x | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0169% | 1h | 0.06096 | long leg | $113K | $653K | 10x | |
| Coinbase International SEI-PERP-INTX | +0.0272% | 1h | 0.06140 | +0.722% | $45K | $236K | 50x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0344% | 1h | 0.06096 | +0.005% | $374K | $1.6M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06098 | +0.033% | $116 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0367% | 8h | 0.06120 | +0.394% | $729K | $1.5M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0402% | 1h | 0.06124 | +0.459% | $9K | $40K | 12x | as long as short |
| dYdX SEI-USD | +0.1642% | 1h | 0.06109 | +0.211% | $104K | $2K | 5x | as long as short |
Gate SEI_USDT
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
Coinbase International SEI-PERP-INTX
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
dYdX SEI-USD