Funding you earn now, next payment 22:00 UTC−0.2098%/8h= −229.7% APRnext payment −$2.62 per $10,000 · paid last 24h −0.442%
Price spread now: Backpack against dYdX+0.336%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$487as in the Funding arb table
Net, price: spread back to 7d avg − costs−$318as in the Price arb table
costs, in and out, $10k−$3453.449% of the position
Funding, last 7 days−1.420%−$142 on $10k
+Price spread, last 4 days (all we have)−0.375%−$38 · spread now +0.336%, 7d avg +0.063%
=The price spread pays, funding is against you. Backpack is 0.273% dearer against dYdX than usual: you sell high and buy low (spread +0.336% now, against its 7-day average of +0.063%): +$27 on $10k if it goes back. Holding the pair costs −$63 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−1.420% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.420% in total (about -74.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX SEI-USD | 0.05912 | 0.2198 | pay 0.0275% / 1h | 13m 27s | $101K | $2K | 5x |
| Short | Backpack SEI_USDC_PERP | 0.05932 | 0.0100 | get 0.0013% / 1h | 13m 27s | $119K | $561K | 10x |
dYdX SEI-USD
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- −$440.61
- Price spread: +0.336% → +0.063%
- $27.31
- Slippage, 4 orders
- −$324.92
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$758.21
- Costs to cover
- 3.449%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 10 min ago; Backpack: live order book, 10 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 dYdX live order book, 10 min ago | 149.97 bp | 155.0 bp −$155 | 155.0 bp −$1,550 | 162.2 bp −$16.2K | 591.3 bp −$295.7K |
| Sell Backpack live order book, 10 min ago | 0.84 bp | 8.8 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05933 | +0.346% | $23K | — | 100x | as long as short |
| Deribit SEI_USDC-PERPETUAL | −0.0087% | 1h | 0.05932 | +0.336% | $20K | $62K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0056% | 1h | 0.05960 | +0.809% | $33K | $209K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05933 | +0.357% | $8K | — | 150x | as long as short |
| Variational Omni SEI | +0.0024% | 8h | 0.05927 | +0.255% | $315K | $240K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05913 | +0.014% | $266K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05930 | +0.302% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05904 | −0.138% | $3.4M | $6.6M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05922 | +0.159% | $309K | $371K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05913 | +0.013% | $13.8M | $127.3M | 75x | as long as short |
GMX SEI/USD [ETH-USDC]
Deribit SEI_USDC-PERPETUAL
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Variational Omni SEI
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SEIUSDT | +0.0100% | 8h | 0.05899 | −0.222% | $13.9M | $36.2M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05902 | −0.172% | $3.0M | $40.0M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05912 | −0.002% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05912 | −0.002% | $29.3M | $26.8M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05911 | −0.019% | $6.9M | $14.2M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05900 | −0.205% | $9.3M | $17.1M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05909 | −0.053% | — | $32.9M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.05932 | +0.336% | $119K | $561K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05934 | +0.370% | $210K | $1.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05940 | +0.471% | $108K | $667K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05940 | +0.471% | $22K | $4.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05908 | −0.066% | $75K | $476K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0213% | 1h | 0.05934 | +0.371% | $377K | $1.6M | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05934 | +0.370% | $711K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05897 | −0.252% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0863% | 1h | 0.05929 | +0.285% | $8K | $42K | 12x | as long as short |
| dYdX SEI-USDlong | +0.2198% | 1h | 0.05912 | long leg | $101K | $2K | 5x |
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
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