Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0246%/8h= +26.9% APRpaid last 24h +0.074%

Price spread now: Reya against Bitget−0.078%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.078% cheaper against Bitget than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 25 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SEIUSDT	0.06122	0.0100	pay 0.0100% / 8h	4h 29m	$10.1M	$16.8M	75x
Short	Reya SEIRUSDPERP	0.06117	0.0346	get 0.0043% / 1h	29m 45s	$117	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee BitgetbpFee ReyabpOrdersPrice spread, now −0.078%Rate

Funding earned: $51.64
Price spread: −0.078% → 0.000%: −$7.76
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $25.88
Costs to cover: 0.180%
Break-even: 3.5 days

Slippage unknown: Bitget: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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 Bitget live order book, 4 min ago	0.82 bp	9.9 bp −$10	20.5 bp −$205	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0183%	8h	0.06099	−0.369%	$325K	$189K	—	as long as short
Coinbase International SEI-PERP-INTX	−0.0032%	1h	0.06149	+0.441%	$43K	$221K	50x	as long as short
gTrade (Gains Network) SEI/USD	L −0.0006% / S +0.0006%	1h	0.06119	−0.049%	—	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.06123	+0.016%	$10K	$72K	25x	as long as short
GMX SEI/USD [ETH-USDC]	L +0.0039% / S +0.0124%	1h	0.06119	−0.049%	$6K	—	100x	as long as short
Bybit SEIUSDT	+0.0088%	8h	0.06113	−0.147%	$14.6M	$36.2M	50x	as long as short
Lighter SEI	+0.0096%	1h	0.06117	−0.082%	$278K	$1.2M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06126	+0.072%	$3.5M	$5.5M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06126	+0.065%	$320K	$354K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06124	+0.036%	$15.2M	$130.4M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SEI-USDT-SWAP	+0.0100%	4h	0.06118	−0.065%	$3.5M	$40.5M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.06122	0.000%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.06123	+0.016%	$35.4M	$28.6M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.06125	+0.049%	$6.6M	$14.5M	75x	as long as short
Bitget SEIUSDTlong	+0.0100%	8h	0.06122	long leg	$10.1M	$16.8M	75x
BingX SEI-USDT	+0.0100%	8h	0.06120	−0.033%	—	$31.4M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.06127	+0.082%	$109K	$613K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06067	−0.898%	$209K	$1.9M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06080	−0.686%	$109K	$667K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.06118	−0.065%	$2K	$83K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.06124	+0.033%	$23K	$4.3M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06121	−0.009%	$78K	$552K	25x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.06104	−0.294%	$771K	$1.3M	75x	as long as short
Injective SEI/USDC PERP	+0.0267%	1h	0.06106	−0.261%	$9K	$43K	12x	as long as short
Kraken Futures PF_SEIUSD	+0.0309%	1h	0.06122	+0.008%	$381K	$1.5M	50x	as long as short
Reya SEIRUSDPERPshort	+0.0346%	1h	0.06117	−0.078%	$117	—	20x
dYdX SEI-USD	+0.0593%	1h	0.06115	−0.116%	$104K	$2K	5x	as long as short