Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.071%
Price spread now: Lighter against Coinbase International+0.017%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days+0.576%+$58 on $10k
+Price spread, last 3 days (all we have)+0.198%+$20 · spread now +0.017%, 7d avg +0.052%
=Together, before fees+0.774%+ Points / potential airdropLighter: Season 3 · farm board+$77 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.035% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.576%, 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 | 0.05879 | 0.0192 | pay 0.0024% / 1h | 11m 56s | $33K | $206K | 50x |
| Short | Lighter SEI | 0.05880 | 0.0096 | get 0.0012% / 1h | 11m 56s | $265K | $1.2M | 10x |
Coinbase International SEI-PERP-INTX
Lighter SEIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$20.16
- Price spread: +0.017% → +0.052%
- −$3.5
- Slippage, 4 orders
- −$53.14
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$86.8
- Costs to cover
- 0.631%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 6 min ago; Lighter: live order book, 4 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, 6 min ago | 11.90 bp | 18.5 bp −$19 | 178.0 bp −$1,780 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.40 bp | 6.2 bp −$6 | 27.4 bp −$274 | 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 | 0.05877 | −0.034% | $23K | — | 100x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05876 | −0.053% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05879 | 0.000% | $19K | $62K | 25x | as long as short |
| Variational Omni SEI | +0.0005% | 8h | 0.05867 | −0.208% | $310K | $232K | — | as long as short |
| Lighter SEIshort | +0.0096% | 1h | 0.05880 | +0.017% | $265K | $1.2M | 10x | |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05878 | −0.017% | $2K | $110K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05878 | −0.012% | $3.4M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05880 | +0.018% | $307K | $368K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05880 | +0.023% | $13.6M | $125.7M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05874 | −0.085% | $13.8M | $36.1M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05876 | −0.051% | $3.0M | $39.6M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05876 | −0.051% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05879 | 0.000% | $28.7M | $26.1M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05877 | −0.034% | $6.6M | $14.1M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05878 | −0.017% | $9.2M | $16.9M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05878 | −0.017% | — | $33.2M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05878 | −0.017% | $118K | $563K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05872 | −0.119% | $208K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05870 | −0.153% | $107K | $665K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05880 | +0.017% | $22K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05879 | +0.001% | $75K | $476K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0190% | 1h | 0.05880 | +0.023% | $371K | $1.6M | 50x | as long as short |
| Coinbase International SEI-PERP-INTXlong | +0.0192% | 1h | 0.05879 | long leg | $33K | $206K | 50x | |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05871 | −0.136% | $696K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05877 | −0.031% | $112 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0864% | 1h | 0.05872 | −0.119% | $8K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.2645% | 1h | 0.05873 | −0.109% | $100K | $2K | 5x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Kraken Futures PF_SEIUSD
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD