Funding arb · Price arb /

SEI

all SEI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.075%

Price spread now: KuCoin against Coinbase International−0.570%7-day average +0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1081.078% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.593%+$59 on $10k

Price spread, last 3 days (all we have)+0.664%+$66 · spread now −0.570%, 7d avg +0.103%

Together, before fees+1.257%+$126 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.674% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.570% now, against its 7-day average of +0.103%). If the spread goes back, that is −$67 on $10k: about 14 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SEI-PERP-INTX	0.05960	−0.0056	get 0.0007% / 1h	28m 48s	$33K	$210K	50x
Short	KuCoin SEIUSDTM	0.05926	0.0100	get 0.0100% / 8h	2h 28m	$7.1M	$14.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.570%Rate

Funding earned: $32.76
Price spread: −0.570% → +0.103%: −$67.39
Slippage, 4 orders: −$85.85
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$142.48
Costs to cover: 1.078%
Break-even: 37.4 days

Slippage from Coinbase International: live order book, 59 min ago; KuCoin: 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, 59 min ago	14.22 bp	19.2 bp −$19	265.2 bp −$2,652	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.37 bp	37.1 bp −$37	87.1 bp −$871	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
GMX SEI/USD [ETH-USDC]	L −0.0802% / S +0.0440%	1h	0.05926	−0.570%	$23K	—	100x	as long as short
Coinbase International SEI-PERP-INTXlong	−0.0056%	1h	0.05960	long leg	$33K	$210K	50x
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.05926	−0.564%	$8K	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.05928	−0.537%	$20K	$62K	25x	as long as short
Variational Omni SEI	+0.0037%	8h	0.05929	−0.516%	$315K	$240K	—	as long as short
Lighter SEI	+0.0096%	1h	0.05927	−0.554%	$267K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0098%	8h	0.05927	−0.554%	$2K	$111K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05929	−0.523%	$3.5M	$6.6M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05928	−0.531%	$310K	$371K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05925	−0.587%	$13.8M	$128.3M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SEIUSDT	+0.0100%	8h	0.05917	−0.721%	$13.9M	$36.5M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05923	−0.621%	$3.0M	$40.3M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05925	−0.587%	$1.1M	$3.6M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05925	−0.587%	$29.5M	$26.8M	300x	as long as short
KuCoin SEIUSDTMshort	+0.0100%	8h	0.05926	−0.570%	$7.1M	$14.3M	75x
Bitget SEIUSDT	+0.0100%	8h	0.05924	−0.604%	$9.3M	$17.2M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05922	−0.638%	—	$33.0M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05927	−0.554%	$118K	$564K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05927	−0.554%	$200K	$1.4M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05940	−0.336%	$108K	$669K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05938	−0.369%	$23K	$4.7M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05924	−0.603%	$75K	$477K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0214%	1h	0.05928	−0.538%	$376K	$1.7M	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05931	−0.487%	$711K	$1.3M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05926	−0.571%	$113	—	20x	as long as short
Injective SEI/USDC PERP	+0.0863%	1h	0.05949	−0.185%	$9K	$42K	12x	as long as short
dYdX SEI-USD	+0.2038%	1h	0.05922	−0.641%	$101K	$2K	5x	as long as short