Funding you earn now, next payment 07:00 UTC+0.0142%/8h= +15.6% APRpaid last 24h +0.001%
Price spread now: Backpack against Bybit+0.163%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$460.457% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.163%, 7d avg +0.099%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.064% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SEIUSDT | 0.06134 | 0.0100 | pay 0.0100% / 8h | 1h 08m | $14.5M | $34.0M | 50x |
| Short | Backpack SEI_USDC_PERP | 0.06144 | 0.0242 | get 0.0030% / 1h | 8m 58s | $114K | $652K | 10x |
Bybit SEIUSDT
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bybit. 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
- $29.85
- Price spread: +0.163% → +0.099%
- $6.42
- Slippage, 4 orders
- −$24.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$9.41
- Costs to cover
- 0.457%
- Break-even
- 9.2 days
Slippage from Bybit: live order book, 5 min ago; Backpack: live order book, 35 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 Bybit live order book, 5 min ago | 0.82 bp | 13.1 bp −$13 | 31.1 bp −$311 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 35 min ago | 0.84 bp | 10.7 bp −$11 | 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 | −0.0082% | 8h | 0.06127 | −0.108% | $322K | $179K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06133 | −0.016% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06148 | +0.228% | $388 | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0064% / S −0.0127% | 1h | 0.06135 | +0.018% | $3K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06146 | +0.196% | $276K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06151 | +0.284% | $3.7M | $4.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06148 | +0.229% | $328K | $377K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06144 | +0.167% | $14.8M | $123.9M | 75x | as long as short |
| Bybit SEIUSDTlong | +0.0100% | 8h | 0.06134 | long leg | $14.5M | $34.0M | 50x | |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06135 | +0.016% | $3.4M | $36.7M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance 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 | 0.06146 | +0.196% | $1.1M | $3.2M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06147 | +0.212% | $36.7M | $28.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06149 | +0.245% | $6.7M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06140 | +0.098% | $10.1M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06143 | +0.147% | — | $31.4M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06118 | −0.260% | $211K | $2.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06140 | +0.098% | $104K | $668K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06147 | +0.212% | $2K | $180K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06152 | +0.293% | $23K | $3.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06146 | +0.191% | $85K | $377K | 25x | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0242% | 1h | 0.06144 | +0.163% | $114K | $652K | 10x | |
| Coinbase International SEI-PERP-INTX | +0.0272% | 1h | 0.06060 | −1.206% | $43K | $233K | 50x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0341% | 1h | 0.06144 | +0.161% | $377K | $1.6M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06143 | +0.154% | $117 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0364% | 8h | 0.06140 | +0.098% | $734K | $1.5M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0402% | 1h | 0.06134 | 0.000% | $9K | $40K | 12x | as long as short |
| dYdX SEI-USD | +0.1777% | 1h | 0.06146 | +0.202% | $105K | $2K | 5x | as long as short |
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
Coinbase International SEI-PERP-INTX
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
dYdX SEI-USD