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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bitget+0.101%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$470.467% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.101%, 7d avg +0.028%
Together, before fees+0.056%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.073% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SEIUSDT0.059540.0100pay 0.0100% / 8h2h 54m$9.4M$17.3M75x
ShortBloFin SEI-USDT0.059600.0220get 0.0220% / 8h2h 54m$725K$1.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$25.2
Price spread: +0.101% → +0.028%
$7.27
Slippage, 4 orders
−$22.7
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$14.23
Costs to cover
0.467%
Break-even
11.0 days
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 3 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 Bitget live order book, 4 min ago1.68 bp11.2 bp −$1124.7 bp −$247116.7 bp −$11.7Kdoesn't fit
Sell BloFin live order book, 3 min ago0.84 bp16.4 bp −$1625.4 bp −$25463.7 bp −$6,368doesn'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
GMX SEI/USD [ETH-USDC]L −0.0802% / S +0.0440%1h0.05959+0.077%$23K100xas long as short
Coinbase International SEI-PERP-INTX−0.0056%1h0.05940−0.235%$33K$221K50xas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05961+0.123%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05964+0.168%$30K$52K25xas long as short
Variational Omni SEI+0.0063%8h0.05946−0.126%$316K$243Kas long as short
Lighter SEI+0.0096%1h0.05965+0.185%$269K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0099%8h0.05962+0.134%$2K$111K20xas long as short
Hyperliquid SEI+0.0100%1h0.05958+0.072%$3.5M$6.6M5xas long as short
Aster SEIUSDT+0.0100%8h0.05963+0.153%$312K$382K20xas long as short
Binance SEIUSDT+0.0100%8h0.05957+0.054%$14.0M$128.8M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SEIUSDT+0.0100%8h0.05949−0.084%$14.0M$36.6M50xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05950−0.067%$3.1M$40.6M50xas long as short
Gate SEI_USDT+0.0100%8h0.05951−0.050%$1.1M$3.6M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05955+0.017%$29.9M$26.6M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05965+0.185%$7.1M$14.4M75xas long as short
Bitget SEIUSDTlong+0.0100%8h0.05954long leg$9.4M$17.3M75x
BingX SEI-USDT+0.0100%8h0.05952−0.034%$33.0Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05966+0.202%$121K$569K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05949−0.087%$204K$1.4M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05950−0.067%$109K$668K50xas long as short
SunX SEI-USDT+0.0100%8h0.05966+0.202%$22K$4.8M30xas long as short
Extended SEI-USD+0.0104%1h0.05953−0.015%$75K$477K25xas long as short
Kraken Futures PF_SEIUSD+0.0212%1h0.05965+0.181%$376K$1.7M50xas long as short
BloFin SEI-USDTshort+0.0220%8h0.05960+0.101%$725K$1.3M75x
Reya SEIRUSDPERP+0.0346%1h0.05958+0.065%$11420xas long as short
Injective SEI/USDC PERP+0.0863%1h0.05983+0.487%$9K$42K12xas long as short
dYdX SEI-USD+0.2417%1h0.05955+0.024%$102K$2K5xas long as short