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: Bybit against BloFin+0.219%72s7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as 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−$460.460% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 3 days (all we have)−0.282%−$28 · spread now +0.219%, 7d avg −0.062%
=The price spread pays, funding is against you. Bybit is 0.281% dearer against BloFin than usual: you sell high and buy low (spread +0.219% now, against its 7-day average of −0.062%): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.8 days. At the pace of the last 7 days (−0.098% in total) that is about 20 days. The two prices were read 72 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 | 0.05933 | 0.0220 | pay 0.0220% / 8h | 30m 09s | $710K | $1.2M | 75x |
| Short | Bybit SEIUSDT | 0.05946 | 0.0100 | get 0.0100% / 8h | 30m 09s | $14.0M | $36.0M | 50x |
BloFin SEI-USDT
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.219% → −0.062%
- $28.12
- Slippage, 4 orders
- −$22.99
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$43.07
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 4 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, 2 min ago | 1.68 bp | 10.7 bp −$11 | 15.7 bp −$157 | 45.6 bp −$4,556 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.84 bp | 10.9 bp −$11 | 26.6 bp −$266 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05949 | +0.273% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0045% | 8h | 0.05928 | −0.087% | $317K | $222K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05949 | +0.270% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0086% | 1h | 0.05956 | +0.388% | $20K | $62K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05952 | +0.320% | $266K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05952 | +0.320% | $1K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05955 | +0.366% | $3.4M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05949 | +0.274% | $311K | $363K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05954 | +0.355% | $14.1M | $126.2M | 75x | as long as short |
| Bybit SEIUSDTshort | +0.0100% | 8h | 0.05946 | +0.219% | $14.0M | $36.0M | 50x |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Orderly PERP_SEI_USDC
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 | 0.05951 | +0.303% | $3.1M | $40.0M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05949 | +0.270% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05949 | +0.270% | $35.1M | $26.2M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05949 | +0.270% | $6.2M | $14.3M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05949 | +0.270% | $9.4M | $16.9M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05948 | +0.253% | — | $33.2M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05953 | +0.337% | $117K | $564K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05939 | +0.107% | $203K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05940 | +0.118% | $108K | $673K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05955 | +0.371% | $23K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05952 | +0.319% | $75K | $476K | 25x | as long as short |
| BloFin SEI-USDTlong | +0.0220% | 8h | 0.05933 | long leg | $710K | $1.2M | 75x | |
| Kraken Futures PF_SEIUSD | +0.0322% | 1h | 0.05952 | +0.324% | $370K | $1.6M | 50x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0328% | 1h | 0.05923 | −0.169% | $33K | $207K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05948 | +0.258% | $114 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.1153% | 1h | 0.05926 | −0.118% | $9K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.2435% | 1h | 0.05934 | +0.018% | $101K | $2K | 5x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Kraken Futures PF_SEIUSD
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD