Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against Binance+0.090%55s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.090%, 7d avg +0.051%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.039% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.051%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SEIUSDT | 0.05904 | 0.0100 | pay 0.0100% / 8h | 1h 41m | $13.7M | $126.2M | 75x |
| Short | Backpack SEI_USDC_PERP | 0.05909 | 0.0100 | get 0.0013% / 1h | 41m 11s | $119K | $561K | 10x |
Binance SEIUSDT
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- Price spread: +0.090% → +0.051%
- $3.94
- Slippage, 4 orders
- −$15.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.66
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Backpack: live order book, 43 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 Binance live order book, 2 min ago | 0.85 bp | 9.5 bp −$9 | 18.1 bp −$181 | 120.6 bp −$12.1K | doesn't fit |
| Sell Backpack live order book, 43 min ago | 0.84 bp | 8.8 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05901 | −0.051% | $23K | — | 100x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05903 | −0.013% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05901 | −0.046% | $20K | $62K | 25x | as long as short |
| Variational Omni SEI | +0.0018% | 8h | 0.05886 | −0.301% | $312K | $222K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05906 | +0.039% | $266K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05901 | −0.046% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05908 | +0.078% | $3.4M | $6.6M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05910 | +0.112% | $309K | $368K | 20x | as long as short |
| Binance SEIUSDTlong | +0.0100% | 8h | 0.05904 | long leg | $13.7M | $126.2M | 75x | |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05898 | −0.096% | $13.9M | $36.1M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Bybit SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05899 | −0.079% | $3.0M | $39.8M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05904 | +0.005% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05901 | −0.046% | $28.8M | $26.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05903 | −0.012% | $6.7M | $14.2M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05902 | −0.029% | $9.3M | $17.0M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05905 | +0.022% | — | $33.1M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.05909 | +0.090% | $119K | $561K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05904 | −0.003% | $208K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05900 | −0.063% | $107K | $667K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05914 | +0.175% | $22K | $4.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05901 | −0.040% | $75K | $476K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0189% | 1h | 0.05905 | +0.024% | $375K | $1.6M | 50x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0192% | 1h | 0.05960 | +0.954% | $33K | $209K | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05902 | −0.029% | $697K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05902 | −0.029% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0864% | 1h | 0.05933 | +0.496% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.2697% | 1h | 0.05909 | +0.088% | $101K | $2K | 5x | as long as short |
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
Coinbase International SEI-PERP-INTX
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD