Settings8H · net · $10k
Funding arb · Price arb /

SEI

all SEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.221%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$720.716% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.221%, 7d avg +0.039%
Together, before fees−0.288%−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.182% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SEIUSDT0.058770.0020pay 0.0020% / 8h7h 46m$13.9M$36.1M50x
ShortGate SEI_USDT0.058900.0063get 0.0063% / 8h7h 46m$1.1M$3.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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

Funding earned
$9.02
Price spread: +0.221% → +0.039%
$18.24
Slippage, 4 orders
−$45.58
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$44.32
Costs to cover
0.716%
Break-even
41.4 days
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago0.86 bp11.2 bp −$1128.1 bp −$281doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago5.11 bp22.5 bp −$2258.4 bp −$584doesn't fitdoesn't fit

SEI on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX SEI/USD [ETH-USDC]L −0.0802% / S +0.0440%1h0.05885+0.134%$23K100xas long as short
Variational Omni SEI−0.0119%8h0.05855−0.381%$314K$222Kas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05888+0.185%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05890+0.221%$9K$72K25xas long as short
Bybit SEIUSDTlong+0.0020%8h0.05877long leg$13.9M$36.1M50x
Gate SEI_USDTshort+0.0063%8h0.05890+0.221%$1.1M$3.4M75x
Lighter SEI+0.0096%1h0.05896+0.323%$268K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05890+0.221%$1K$110K20xas long as short
Hyperliquid SEI+0.0100%1h0.05896+0.320%$3.4M$6.4M5xas long as short
Aster SEIUSDT+0.0100%8h0.05890+0.223%$308K$349K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SEIUSDT+0.0100%8h0.05888+0.182%$14.4M$127.7M75xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05876−0.017%$3.1M$39.4M50xas long as short
MEXC SEI_USDT+0.0100%8h0.05894+0.289%$33.1M$27.4M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05893+0.272%$6.1M$14.3M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05894+0.289%$9.3M$16.9M75xas long as short
BingX SEI-USDT+0.0100%8h0.05889+0.204%$33.3Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05896+0.323%$117K$564K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05852−0.426%$205K$1.5M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05850−0.459%$106K$673K50xas long as short
SunX SEI-USDT+0.0100%8h0.05889+0.204%$22K$4.6M30xas long as short
Extended SEI-USD+0.0104%1h0.05890+0.222%$78K$540K25xas long as short
Coinbase International SEI-PERP-INTX+0.0144%1h0.05845−0.544%$33K$203K50xas long as short
Kraken Futures PF_SEIUSD+0.0181%1h0.05889+0.197%$366K$1.6M50xas long as short
BloFin SEI-USDT+0.0220%8h0.05886+0.153%$732K$1.2M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05883+0.108%$11220xas long as short
Injective SEI/USDC PERP+0.0974%1h0.05899+0.374%$8K$43K12xas long as short
dYdX SEI-USD+0.1360%1h0.05888+0.188%$100K$2K5xas long as short