SEI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0269%/8h= −29.4% APRnext payment −$2.69 per $10,000 · paid last 24h −0.036%

Price spread now: KuCoin against BloFin+0.150%65s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as 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−$860.857% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.150%, 7d avg +0.014%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.136% dearer against BloFin than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.014%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 40 hours. The two prices were read 65 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 0.020% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.69 per $10,000. 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	BloFin SEI-USDT	0.05996	0.0369	pay 0.0369% / 8h	2h 14m	$720K	$1.4M	75x
Short	KuCoin SEIUSDTM	0.06005	0.0100	get 0.0100% / 8h	2h 14m	$6.5M	$14.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$56.42
Price spread: +0.150% → +0.014%: $13.57
Slippage, 4 orders: −$61.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$128.56
Costs to cover: 0.857%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; KuCoin: 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, 3 min ago	1.67 bp	12.8 bp −$13	19.0 bp −$190	63.7 bp −$6,370	doesn't fit
Sell KuCoin live order book, 4 min ago	0.83 bp	30.9 bp −$31	75.7 bp −$757	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	−0.0137%	8h	0.05975	−0.358%	$321K	$175K	—	as long as short
gTrade (Gains Network) SEI/USD	L −0.0006% / S +0.0006%	1h	0.05996	+0.008%	—	—	150x	as long as short
GMX SEI/USD [ETH-USDC]	L +0.0016% / S +0.0016%	1h	0.05995	−0.015%	$3K	—	100x	as long as short
Lighter SEI	+0.0096%	1h	0.06005	+0.150%	$272K	$1.1M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06009	+0.217%	$3.4M	$5.0M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06005	+0.142%	$314K	$360K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06003	+0.115%	$14.4M	$126.8M	75x	as long as short
Bybit SEIUSDT	+0.0100%	8h	0.05998	+0.033%	$14.2M	$34.5M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.06003	+0.117%	$3.4M	$37.0M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.06001	+0.083%	$1.1M	$3.1M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SEI_USDT	+0.0100%	8h	0.06000	+0.067%	$35.1M	$27.9M	300x	as long as short
KuCoin SEIUSDTMshort	+0.0100%	8h	0.06005	+0.150%	$6.5M	$14.5M	75x
Bitget SEIUSDT	+0.0100%	8h	0.06007	+0.183%	$9.8M	$16.7M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.06003	+0.117%	—	$31.4M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.06006	+0.167%	$107K	$648K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06009	+0.217%	$205K	$2.3M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06000	+0.067%	$102K	$672K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.05998	+0.033%	$2K	$119K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.06007	+0.183%	$22K	$3.9M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06002	+0.107%	$76K	$561K	25x	as long as short
Deribit SEI_USDC-PERPETUAL	+0.0250%	1h	0.06004	+0.133%	$379	$72K	25x	as long as short
Coinbase International SEI-PERP-INTX	+0.0280%	1h	0.05990	−0.100%	$43K	$229K	50x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05997	+0.018%	$114	—	20x	as long as short
BloFin SEI-USDTlong	+0.0369%	8h	0.05996	long leg	$720K	$1.4M	75x
Injective SEI/USDC PERP	+0.0410%	1h	0.06007	+0.183%	$9K	$43K	12x	as long as short
Kraken Futures PF_SEIUSD	+0.0536%	1h	0.06002	+0.101%	$363K	$1.6M	50x	as long as short
dYdX SEI-USD	+0.1253%	1h	0.05991	−0.087%	$102K	$2K	5x	as long as short