Settings8H · net · $10k
Funding arb · Price arb /

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%
Price spread now: Hyperliquid against BingX+0.089%7-day average +0.037% · 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−$41as in the Price arb table
costs, in and out, $10k−$470.465% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.037%+$4 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.089%, 7d avg +0.037%
Together, before fees+0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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: Hyperliquid is 0.051% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SEI-USDT0.060930.0100pay 0.0100% / 8h4h 57m$31.3M
ShortHyperliquid SEI0.060980.0100get 0.0013% / 1h57m 50s$3.5M$5.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.089% → +0.037%
$5.14
Slippage, 4 orders
−$27.53
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$41.39
Costs to cover
0.465%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 11 min ago1.64 bp11.5 bp −$1122.5 bp −$22584.1 bp −$8,407416.1 bp −$208.1K
Sell Hyperliquid live order book, 4 min ago1.31 bp13.0 bp −$13doesn't fitdoesn't fitdoesn't fit

SEI on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SEI−0.0179%8h0.06084−0.144%$330K$184Kas long as short
Coinbase International SEI-PERP-INTX−0.0032%1h0.06090−0.049%$43K$221K50xas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.06115+0.361%150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.06114+0.345%$10K$72K25xas long as short
dYdX SEI-USD+0.0009%1h0.06098+0.088%$104K$2K5xas long as short
GMX SEI/USD [ETH-USDC]L +0.0011% / S +0.0158%1h0.06113+0.335%$7K100xas long as short
Lighter SEI+0.0096%1h0.06098+0.082%$278K$1.2M10xas long as short
Hyperliquid SEIshort+0.0100%1h0.06098+0.089%$3.5M$5.7M5x
Aster SEIUSDT+0.0100%8h0.06105+0.203%$319K$354K20xas long as short
Binance SEIUSDT+0.0100%8h0.06099+0.098%$15.2M$130.1M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SEIUSDT+0.0100%8h0.06088−0.082%$14.7M$36.1M50xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.06095+0.033%$3.5M$40.5M50xas long as short
Gate SEI_USDT+0.0100%8h0.06104+0.181%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.06096+0.049%$35.9M$28.3M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.06107+0.230%$6.5M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.06098+0.082%$9.9M$16.7M75xas long as short
BingX SEI-USDTlong+0.0100%8h0.06093long leg$31.3M
Backpack SEI_USDC_PERP+0.0100%1h0.06111+0.295%$110K$604K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.06099+0.099%$216K$1.8M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.06090−0.049%$107K$666K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.06115+0.361%$2K$82K20xas long as short
SunX SEI-USDT+0.0100%8h0.06117+0.394%$23K$4.3M30xas long as short
Extended SEI-USD+0.0104%1h0.06100+0.116%$79K$550K25xas long as short
BloFin SEI-USDT+0.0220%8h0.06115+0.361%$786K$1.3M75xas long as short
Injective SEI/USDC PERP+0.0267%1h0.06094+0.016%$9K$43K12xas long as short
Kraken Futures PF_SEIUSD+0.0310%1h0.06116+0.377%$379K$1.6M50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.06108+0.247%$11720xas long as short