Funding you earn now, next payment 08:00 UTC−0.0267%/8h= −29.3% APRnext payment −$2.67 per $10,000 · paid last 24h −0.036%
Price spread now: SunX against BloFin−0.101%55s7-day average +0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as 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−$760.760% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.101%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SunX is 0.191% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.090%). Swap the legs. The two prices were read 55 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 -0.070% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.67 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 | 0.05942 | 0.0367 | pay 0.0367% / 8h | 1h 35m | $730K | $1.4M | 75x |
| Short | SunX SEI-USDT | 0.05936 | 0.0100 | get 0.0100% / 8h | 1h 35m | $22K | $3.8M | 30x |
BloFin SEI-USDT
SunX SEI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$56.12
- Price spread: −0.101% → +0.090%
- −$19.06
- Slippage, 4 orders
- −$55.99
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$151.17
- Costs to cover
- 0.760%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; SunX: live order book, 3 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 | 15.5 bp −$16 | 24.3 bp −$243 | 75.7 bp −$7,566 | doesn't fit |
| Sell SunX live order book, 3 min ago | 15.11 bp | 23.9 bp −$24 | 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 | −0.0115% | 8h | 0.05922 | −0.329% | $309K | $177K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05926 | −0.277% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0042% / S −0.0063% | 1h | 0.05925 | −0.289% | $3K | — | 100x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0088% | 1h | 0.05927 | −0.252% | $374 | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05929 | −0.219% | $268K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05926 | −0.278% | $3.4M | $4.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05927 | −0.244% | $310K | $367K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05926 | −0.271% | $14.3M | $125.3M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05920 | −0.370% | $14.0M | $34.2M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05920 | −0.370% | $3.3M | $35.9M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.05924 | −0.303% | $1.1M | $3.0M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05927 | −0.252% | $35.3M | $27.6M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05929 | −0.219% | $6.5M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05922 | −0.337% | $9.6M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05924 | −0.303% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05931 | −0.185% | $107K | $648K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05933 | −0.151% | $209K | $2.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05940 | −0.034% | $101K | $667K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05927 | −0.252% | $2K | $146K | 20x | as long as short |
| SunX SEI-USDTshort | +0.0100% | 8h | 0.05936 | −0.101% | $22K | $3.8M | 30x | |
| Extended SEI-USD | +0.0104% | 1h | 0.05923 | −0.319% | $75K | $543K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0272% | 1h | 0.05980 | +0.640% | $43K | $230K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05924 | −0.310% | $113 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0353% | 1h | 0.05929 | −0.223% | $364K | $1.6M | 50x | as long as short |
| BloFin SEI-USDTlong | +0.0367% | 8h | 0.05942 | long leg | $730K | $1.4M | 75x | |
| Injective SEI/USDC PERP | +0.0402% | 1h | 0.05966 | +0.404% | $9K | $40K | 12x | as long as short |
| dYdX SEI-USD | +0.1934% | 1h | 0.05925 | −0.279% | $101K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
Extended SEI-USD
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
Kraken Futures PF_SEIUSD
Injective SEI/USDC PERP
dYdX SEI-USD