Funding you earn now, next payment 22:00 UTC−0.2317%/8h= −253.7% APRpaid last 24h −0.426%
Price spread now: Bybit against dYdX−0.108%50s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$499as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3423.420% of the position
Funding, last 7 days−1.569%−$157 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.108%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$70 a day on $10k at the current rate, and Bybit is 0.079% cheaper against dYdX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.569% in total (about -81.8% a year). A funding rate is set anew for every payment. 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 | 0.05955 | 0.2417 | pay 0.0302% / 1h | 54m 49s | $102K | $2K | 5x |
| Short | Bybit SEIUSDT | 0.05949 | 0.0100 | get 0.0100% / 8h | 2h 54m | $14.0M | $36.6M | 50x |
dYdX SEI-USD
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$486.62
- Price spread: −0.108% → −0.029%
- −$7.93
- Slippage, 4 orders
- −$320.98
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$836.53
- Costs to cover
- 3.420%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 34 min ago; Bybit: 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 dYdX live order book, 34 min ago | 37.33 bp | 248.6 bp −$249 | 267.5 bp −$2,675 | 270.6 bp −$27.1K | 386.5 bp −$193.2K |
| Sell Bybit live order book, 4 min ago | 0.84 bp | 11.9 bp −$12 | 27.0 bp −$270 | 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 | 0.05959 | +0.053% | $23K | — | 100x | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0056% | 1h | 0.05940 | −0.259% | $33K | $221K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05961 | +0.099% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05964 | +0.144% | $30K | $52K | 25x | as long as short |
| Variational Omni SEI | +0.0063% | 8h | 0.05946 | −0.151% | $316K | $243K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05965 | +0.161% | $269K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05962 | +0.110% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05958 | +0.048% | $3.5M | $6.6M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05963 | +0.129% | $312K | $382K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05957 | +0.029% | $14.0M | $128.8M | 75x | as long as short |
GMX SEI/USD [ETH-USDC]
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
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 SEIUSDTshort | +0.0100% | 8h | 0.05949 | −0.108% | $14.0M | $36.6M | 50x | |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05950 | −0.091% | $3.1M | $40.6M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05951 | −0.075% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05955 | −0.007% | $29.9M | $26.6M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05965 | +0.161% | $7.1M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05954 | −0.024% | $9.4M | $17.3M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05952 | −0.058% | — | $33.0M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05966 | +0.177% | $121K | $569K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05949 | −0.112% | $204K | $1.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05950 | −0.091% | $109K | $668K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05966 | +0.177% | $22K | $4.8M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05953 | −0.039% | $75K | $477K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0212% | 1h | 0.05965 | +0.157% | $376K | $1.7M | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05960 | +0.077% | $725K | $1.3M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05958 | +0.040% | $114 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0863% | 1h | 0.05983 | +0.463% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USDlong | +0.2417% | 1h | 0.05955 | long leg | $102K | $2K | 5x |
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