Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.035%
Price spread now: Backpack against BloFin+0.328%66s7-day average +0.040% · you sell dearer than you buy
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−$370.368% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.328%, 7d avg +0.040%
=The price spread pays, funding is against you. Backpack is 0.289% dearer against BloFin than usual: you sell high and buy low (spread +0.328% now, against its 7-day average of +0.040%): +$29 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 8.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you. The two prices were read 66 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 | BloFin SEI-USDT | 0.06090 | 0.0220 | pay 0.0220% / 8h | 4h 31m | $765K | $1.3M | 75x |
| Short | Backpack SEI_USDC_PERP | 0.06110 | 0.0100 | get 0.0013% / 1h | 31m 20s | $109K | $615K | 10x |
BloFin SEI-USDT
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$25.2
- Price spread: +0.328% → +0.040%
- $28.86
- Slippage, 4 orders
- −$14.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$33.12
- Costs to cover
- 0.368%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; Backpack: live order book, 28 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 BloFin live order book, 1 min ago | 1.64 bp | 8.7 bp −$9 | 15.4 bp −$154 | 80.0 bp −$7,996 | doesn't fit |
| Sell Backpack live order book, 28 min ago | 0.82 bp | 9.6 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0180% | 8h | 0.06037 | −0.863% | $322K | $189K | — | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0032% | 1h | 0.06149 | +0.969% | $43K | $221K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06108 | +0.303% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06110 | +0.328% | $10K | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0039% / S +0.0125% | 1h | 0.06109 | +0.305% | $6K | — | 100x | as long as short |
| Bybit SEIUSDT | +0.0089% | 8h | 0.06100 | +0.164% | $14.6M | $36.3M | 50x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06114 | +0.394% | $278K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06114 | +0.386% | $3.5M | $5.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06114 | +0.398% | $320K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06110 | +0.336% | $15.1M | $130.4M | 75x | as long as short |
Variational Omni SEI
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
Bybit SEIUSDT
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance 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 | 0.06099 | +0.148% | $3.5M | $40.4M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06110 | +0.328% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06110 | +0.328% | $35.4M | $28.6M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06110 | +0.328% | $6.6M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06112 | +0.361% | $10.1M | $16.8M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06107 | +0.279% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.06110 | +0.328% | $109K | $615K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06067 | −0.378% | $209K | $1.9M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06080 | −0.164% | $109K | $667K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06102 | +0.197% | $2K | $83K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06113 | +0.378% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06114 | +0.396% | $79K | $547K | 25x | as long as short |
| BloFin SEI-USDTlong | +0.0220% | 8h | 0.06090 | long leg | $765K | $1.3M | 75x | |
| Injective SEI/USDC PERP | +0.0267% | 1h | 0.06051 | −0.640% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0310% | 1h | 0.06111 | +0.342% | $381K | $1.5M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06108 | +0.296% | $117 | — | 20x | as long as short |
| dYdX SEI-USD | +0.0599% | 1h | 0.06110 | +0.327% | $104K | $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
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
dYdX SEI-USD