Funding you earn now, next payment 06:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.052%
Price spread now: Bybit against Coinbase International−0.945%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$1501.498% of the position
Funding, last 7 days+0.468%+$47 on $10k
+Price spread, last 4 days (all we have)+1.069%+$107 · spread now −0.945%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.951% cheaper against Coinbase International than usual: you would sell low and buy high (−$95 if the spread goes back to its 7-day average of +0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.468%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SEI-PERP-INTX | 0.06140 | 0.0272 | pay 0.0034% / 1h | 3m 58s | $45K | $236K | 50x |
| Short | Bybit SEIUSDT | 0.06082 | 0.0100 | get 0.0100% / 8h | 1h 03m | $14.4M | $33.9M | 50x |
Coinbase International SEI-PERP-INTX
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Coinbase International. 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
- −$36.12
- Price spread: −0.945% → +0.006%
- −$95.1
- Slippage, 4 orders
- −$128.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$281.02
- Costs to cover
- 1.498%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 39 min ago; Bybit: live order book, 5 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 Coinbase International live order book, 39 min ago | 12.56 bp | 61.7 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.63 bp | 13.5 bp −$13 | 32.8 bp −$328 | 228.5 bp −$22.8K | 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 | −0.0080% | 8h | 0.06115 | −0.400% | $321K | $179K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06097 | −0.700% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06096 | −0.717% | $385 | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0068% / S −0.0142% | 1h | 0.06096 | −0.718% | $3K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06097 | −0.700% | $274K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06102 | −0.614% | $3.7M | $5.0M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06093 | −0.763% | $333K | $379K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06087 | −0.856% | $14.7M | $123.1M | 75x | as long as short |
| Bybit SEIUSDTshort | +0.0100% | 8h | 0.06082 | −0.945% | $14.4M | $33.9M | 50x | |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06082 | −0.945% | $3.4M | $36.2M | 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 | 0.06097 | −0.700% | $1.1M | $3.2M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06091 | −0.798% | $36.2M | $28.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06096 | −0.717% | $6.8M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06089 | −0.831% | $10.0M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06086 | −0.879% | — | $31.4M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06145 | +0.075% | $210K | $2.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06150 | +0.163% | $104K | $668K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06095 | −0.733% | $2K | $182K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06108 | −0.521% | $23K | $3.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06087 | −0.867% | $85K | $377K | 25x | as long as short |
| Backpack SEI_USDC_PERP | +0.0169% | 1h | 0.06096 | −0.717% | $113K | $653K | 10x | as long as short |
| Coinbase International SEI-PERP-INTXlong | +0.0272% | 1h | 0.06140 | long leg | $45K | $236K | 50x | |
| Kraken Futures PF_SEIUSD | +0.0344% | 1h | 0.06096 | −0.711% | $374K | $1.6M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06098 | −0.684% | $116 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0367% | 8h | 0.06120 | −0.326% | $729K | $1.5M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0402% | 1h | 0.06124 | −0.261% | $9K | $40K | 12x | as long as short |
| dYdX SEI-USD | +0.1642% | 1h | 0.06109 | −0.508% | $104K | $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
Backpack SEI_USDC_PERP
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
dYdX SEI-USD