Settings8H · net · $10k
Funding arb · Price arb /

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.1378%/8h= −150.9% APRnext payment $1.72 per $10,000 · paid last 24h −0.441%
Price spread now: Hyperliquid against dYdX−0.104%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$515as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3593.589% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.565%−$157 on $10k
Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.104%, 7d avg +0.038%
Together, before fees−1.474%+ Points / potential airdropHyperliquid: Season 2 · farm board−$147 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Hyperliquid is 0.142% cheaper against dYdX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX SEI-USD0.058930.1478pay 0.0185% / 1h44m 06s$101K$2K5x
ShortHyperliquid SEI0.058870.0100get 0.0013% / 1h44m 06s$3.4M$6.4M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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

Funding earned
−$289.37
Price spread: −0.104% → +0.038%
−$14.19
Slippage, 4 orders
−$339.93
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$662.48
Costs to cover
3.589%
Break-even
never at this rate
Slippage from dYdX: live order book, 30 min ago; Hyperliquid: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 30 min ago164.23 bp169.2 bp −$169169.2 bp −$1,692170.6 bp −$17.1K284.9 bp −$142.4K
Sell Hyperliquid live order book, 8 min ago0.85 bp9.9 bp −$10doesn't fitdoesn't fitdoesn't fit

SEI on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX SEI/USD [ETH-USDC]L −0.0802% / S +0.0440%1h0.05876−0.294%$23K100xas long as short
Variational Omni SEI−0.0117%8h0.05884−0.162%$314K$222Kas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05877−0.274%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05876−0.290%$9K$72K25xas long as short
Bybit SEIUSDT+0.0081%8h0.05877−0.273%$13.9M$36.1M50xas long as short
Lighter SEI+0.0096%1h0.05880−0.223%$267K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05879−0.240%$1K$110K20xas long as short
Hyperliquid SEIshort+0.0100%1h0.05887−0.104%$3.4M$6.4M5x
Aster SEIUSDT+0.0100%8h0.05881−0.206%$308K$349K20xas long as short
Binance SEIUSDT+0.0100%8h0.05885−0.138%$14.3M$127.8M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05881−0.206%$3.1M$39.4M50xas long as short
Gate SEI_USDT+0.0100%8h0.05878−0.257%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05879−0.240%$33.0M$27.4M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05877−0.273%$6.1M$14.3M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05883−0.172%$9.3M$17.0M75xas long as short
BingX SEI-USDT+0.0100%8h0.05881−0.206%$33.3Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05878−0.257%$115K$564K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05852−0.699%$205K$1.5M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05890−0.053%$107K$672K50xas long as short
SunX SEI-USDT+0.0100%8h0.05884−0.155%$22K$4.6M30xas long as short
Extended SEI-USD+0.0104%1h0.05875−0.307%$75K$560K25xas long as short
Coinbase International SEI-PERP-INTX+0.0144%1h0.05907+0.236%$34K$205K50xas long as short
Kraken Futures PF_SEIUSD+0.0181%1h0.05879−0.246%$364K$1.6M50xas long as short
BloFin SEI-USDT+0.0220%8h0.05895+0.032%$729K$1.2M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05877−0.272%$11220xas long as short
Injective SEI/USDC PERP+0.0974%1h0.05921+0.473%$9K$43K12xas long as short
dYdX SEI-USDlong+0.1478%1h0.05893long leg$101K$2K5x