Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0226%/8h= +24.7% APRpaid last 24h +0.068%

Price spread now: BloFin against gTrade (Gains Network)−0.022%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 BloFin

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. BloFin is 0.022% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SEI/USD	0.06065	L −0.0006% / S +0.0006%	get 0.0001% / 1h	46m 38s	—	—	150x
Short	BloFin SEI-USDT	0.06064	0.0220	get 0.0220% / 8h	4h 46m	$776K	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.022%Rate

Funding earned: $47.44
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $23.19
Costs to cover: 0.220%
Break-even: 3.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: 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 BloFin live order book, 1 min ago	3.30 bp	14.8 bp −$15	23.8 bp −$238	60.5 bp −$6,049	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
Variational Omni SEI	−0.0180%	8h	0.06100	+0.578%	$331K	$184K	—	as long as short
Coinbase International SEI-PERP-INTX	−0.0032%	1h	0.06149	+1.379%	$43K	$223K	50x	as long as short
gTrade (Gains Network) SEI/USDlong	L −0.0006% / S +0.0006%	1h	0.06065	long leg	—	—	150x
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.06062	−0.055%	$10K	$72K	25x	as long as short
GMX SEI/USD [ETH-USDC]	L +0.0036% / S +0.0145%	1h	0.06067	+0.032%	$6K	—	100x	as long as short
Bybit SEIUSDT	+0.0089%	8h	0.06058	−0.121%	$14.5M	$36.2M	50x	as long as short
Lighter SEI	+0.0096%	1h	0.06062	−0.055%	$276K	$1.2M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06059	−0.110%	$3.5M	$5.5M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06062	−0.051%	$317K	$354K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06064	−0.022%	$15.0M	$130.3M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SEI-USDT-SWAP	+0.0100%	4h	0.06062	−0.055%	$3.5M	$40.2M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.06058	−0.121%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.06062	−0.055%	$35.2M	$28.5M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.06062	−0.055%	$6.4M	$14.5M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.06063	−0.039%	$10.0M	$16.8M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.06059	−0.105%	—	$31.3M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.06065	−0.006%	$109K	$607K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06069	+0.060%	$206K	$1.8M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06060	−0.088%	$109K	$667K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.06060	−0.088%	$2K	$83K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.06071	+0.093%	$23K	$4.3M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06061	−0.065%	$78K	$547K	25x	as long as short
BloFin SEI-USDTshort	+0.0220%	8h	0.06064	−0.022%	$776K	$1.3M	75x
Injective SEI/USDC PERP	+0.0267%	1h	0.06087	+0.357%	$9K	$43K	12x	as long as short
Kraken Futures PF_SEIUSD	+0.0312%	1h	0.06062	−0.056%	$375K	$1.5M	50x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.06064	−0.026%	$116	—	20x	as long as short
dYdX SEI-USD	+0.0518%	1h	0.06060	−0.091%	$103K	$2K	5x	as long as short