Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.032%

Price spread now: Aster against gTrade (Gains Network)−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.066% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SEI/USD	0.05961	L −0.0005% / S +0.0006%	get 0.0001% / 1h	55m 13s	$8K	—	150x
Short	Aster SEIUSDT	0.05957	0.0100	get 0.0100% / 8h	2h 55m	$312K	$382K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.066%Rate

Funding earned: $22.08
Price spread: −0.066% → 0.000%: −$6.59
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$2.51
Costs to cover: 0.180%
Break-even: 7.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 32 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 32 min ago	11.66 bp	92.5 bp −$92	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.046%	$23K	—	100x	as long as short
Coinbase International SEI-PERP-INTX	−0.0056%	1h	0.05940	−0.358%	$33K	$221K	50x	as long as short
gTrade (Gains Network) SEI/USDlong	L −0.0005% / S +0.0006%	1h	0.05961	long leg	$8K	—	150x
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.05964	+0.045%	$30K	$52K	25x	as long as short
Variational Omni SEI	+0.0063%	8h	0.05946	−0.249%	$316K	$243K	—	as long as short
Lighter SEI	+0.0096%	1h	0.05965	+0.061%	$269K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0099%	8h	0.05962	+0.011%	$2K	$111K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05962	+0.004%	$3.5M	$6.7M	5x	as long as short
Aster SEIUSDTshort	+0.0100%	8h	0.05957	−0.066%	$312K	$382K	20x
Binance SEIUSDT	+0.0100%	8h	0.05964	+0.045%	$14.0M	$128.8M	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	0.05960	−0.022%	$14.0M	$36.6M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05960	−0.022%	$3.1M	$40.6M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05955	−0.106%	$1.1M	$3.6M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05962	+0.011%	$29.9M	$26.6M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05965	+0.061%	$7.1M	$14.4M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05961	−0.006%	$9.4M	$17.3M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05962	+0.011%	—	$33.0M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05966	+0.078%	$121K	$569K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05949	−0.210%	$204K	$1.4M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05950	−0.190%	$109K	$668K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05966	+0.078%	$22K	$4.8M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05962	+0.004%	$75K	$477K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0212%	1h	0.05965	+0.058%	$376K	$1.7M	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05960	−0.022%	$725K	$1.3M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05958	−0.059%	$114	—	20x	as long as short
Injective SEI/USDC PERP	+0.0863%	1h	0.05983	+0.363%	$9K	$42K	12x	as long as short
dYdX SEI-USD	+0.2417%	1h	0.05955	−0.099%	$102K	$2K	5x	as long as short