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: Bitget against gTrade (Gains Network)−0.093%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 Bitget

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—needs both histories

Funding pays, the price is against you. Bitget is 0.093% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 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	0.05938	L −0.0005% / S +0.0006%	get 0.0001% / 1h	52m 57s	$8K	—	150x
Short	Bitget SEIUSDT	0.05932	0.0100	get 0.0100% / 8h	2h 52m	$9.3M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.093%Rate

Funding earned: $22.08
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.22
Costs to cover: 0.220%
Break-even: 9.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.84 bp	14.9 bp −$15	30.6 bp −$306	123.5 bp −$12.3K	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	0.05937	−0.004%	$23K	—	100x	as long as short
Deribit SEI_USDC-PERPETUAL	−0.0255%	1h	0.05933	−0.076%	$20K	$62K	25x	as long as short
Coinbase International SEI-PERP-INTX	−0.0056%	1h	0.05960	+0.379%	$33K	$222K	50x	as long as short
gTrade (Gains Network) SEI/USDlong	L −0.0005% / S +0.0006%	1h	0.05938	long leg	$8K	—	150x
Variational Omni SEI	+0.0063%	8h	0.05946	+0.151%	$316K	$243K	—	as long as short
Lighter SEI	+0.0096%	1h	0.05934	−0.059%	$267K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0099%	8h	0.05933	−0.076%	$2K	$111K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05936	−0.027%	$3.4M	$6.6M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05941	+0.053%	$311K	$382K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05929	−0.143%	$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	0.05922	−0.261%	$13.9M	$36.7M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05930	−0.127%	$3.0M	$40.5M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05933	−0.076%	$1.1M	$3.6M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05927	−0.177%	$29.7M	$26.7M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05934	−0.059%	$7.1M	$14.3M	75x	as long as short
Bitget SEIUSDTshort	+0.0100%	8h	0.05932	−0.093%	$9.3M	$17.3M	75x
BingX SEI-USDT	+0.0100%	8h	0.05926	−0.194%	—	$32.9M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05934	−0.059%	$118K	$570K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05960	+0.379%	$206K	$1.5M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05950	+0.210%	$109K	$668K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05947	+0.160%	$23K	$4.8M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05931	−0.107%	$75K	$477K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0213%	1h	0.05932	−0.096%	$374K	$1.7M	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05932	−0.093%	$718K	$1.3M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05939	+0.019%	$113	—	20x	as long as short
Injective SEI/USDC PERP	+0.0863%	1h	0.05961	+0.395%	$9K	$42K	12x	as long as short
dYdX SEI-USD	+0.2343%	1h	0.05935	−0.034%	$101K	$2K	5x	as long as short