Funding you earn now, next payment 06:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h +0.061%
Price spread now: Kraken Futures against BingX−0.269%53s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as 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−$560.562% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.269%, 7d avg +0.037%
=Funding pays, the price is against you. Kraken Futures is 0.306% cheaper against BingX than usual: you would sell low and buy high (spread −0.269% now, against its 7-day average of +0.037%). If the spread goes back, that is −$31 on $10k: about 2.3 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.263% in total) that is about 8.1 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.263% in total (about 13.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SEI-USDT | 0.05932 | 0.0100 | pay 0.0100% / 8h | 2h 38m | — | $31.4M | — |
| Short | Kraken Futures PF_SEIUSD | 0.05916 | 0.0544 | get 0.0068% / 1h | 38m 25s | $366K | $1.6M | 50x |
BingX SEI-USDT
Kraken Futures PF_SEIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $93.27
- Price spread: −0.269% → +0.037%
- −$30.62
- Slippage, 4 orders
- −$36.23
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $6.42
- Costs to cover
- 0.562%
- Break-even
- 6.5 days
Slippage from BingX: live order book, 10 min ago; Kraken Futures: 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 BingX live order book, 10 min ago | 2.52 bp | 12.8 bp −$13 | 23.4 bp −$234 | 81.1 bp −$8,112 | 378.8 bp −$189.4K |
| Sell Kraken Futures live order book, 5 min ago | 4.22 bp | 16.7 bp −$17 | 45.0 bp −$450 | 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 | −0.0179% | 8h | 0.05911 | −0.354% | $317K | $175K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05931 | −0.023% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0011% / S +0.0031% | 1h | 0.05930 | −0.039% | $3K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05920 | −0.202% | $269K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05936 | +0.069% | $3.4M | $5.0M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05930 | −0.038% | $310K | $351K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05935 | +0.051% | $14.3M | $127.1M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05928 | −0.067% | $14.0M | $34.5M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05930 | −0.034% | $3.4M | $37.0M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05916 | −0.270% | $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 | 0.05934 | +0.034% | $34.1M | $27.5M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05937 | +0.084% | $6.4M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05935 | +0.051% | $9.8M | $16.6M | 75x | as long as short |
| BingX SEI-USDTlong | +0.0100% | 8h | 0.05932 | long leg | — | $31.4M | — | |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05919 | −0.219% | $104K | $639K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05909 | −0.380% | $200K | $2.2M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05930 | −0.034% | $101K | $672K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05918 | −0.236% | $2K | $97K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05917 | −0.253% | $22K | $4.0M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05920 | −0.194% | $78K | $565K | 25x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0257% | 1h | 0.05920 | −0.202% | $374 | $72K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0280% | 1h | 0.05920 | −0.202% | $42K | $224K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05934 | +0.036% | $113 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0369% | 8h | 0.05921 | −0.185% | $734K | $1.4M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0410% | 1h | 0.05928 | −0.067% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSDshort | +0.0544% | 1h | 0.05916 | −0.269% | $366K | $1.6M | 50x | |
| dYdX SEI-USD | +0.1528% | 1h | 0.05918 | −0.234% | $101K | $2K | 5x | as long as short |
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Deribit SEI_USDC-PERPETUAL
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
dYdX SEI-USD