Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.032%

Price spread now: KuCoin against gTrade (Gains Network)−0.044%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 KuCoin

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. KuCoin is 0.044% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 33 hours 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	0.05981	L −0.0006% / S +0.0006%	get 0.0001% / 1h	1m 17s	—	—	150x
Short	KuCoin SEIUSDTM	0.05978	0.0100	get 0.0100% / 8h	6h 01m	$6.4M	$14.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $22.24
Price spread: −0.044% → 0.000%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.14
Costs to cover: 0.220%
Break-even: 8.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	1.67 bp	26.0 bp −$26	83.3 bp −$833	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 26 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 −0.0815% / S +0.0444%	1h	0.05980	−0.012%	$23K	—	100x	as long as short
Variational Omni SEI	−0.0121%	8h	0.05954	−0.437%	$318K	$200K	—	as long as short
gTrade (Gains Network) SEI/USDlong	L −0.0006% / S +0.0006%	1h	0.05981	long leg	—	—	150x
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.05983	+0.040%	$10K	$72K	25x	as long as short
Coinbase International SEI-PERP-INTX	+0.0048%	1h	0.05977	−0.061%	$34K	$207K	50x	as long as short
Lighter SEI	+0.0096%	1h	0.05987	+0.107%	$272K	$1.2M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05981	0.000%	$3.4M	$5.9M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05979	−0.029%	$313K	$354K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05985	+0.066%	$14.3M	$128.0M	75x	as long as short
Bybit SEIUSDT	+0.0100%	8h	0.05978	−0.044%	$14.2M	$35.7M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05980	−0.010%	$3.2M	$39.7M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05977	−0.061%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05979	−0.027%	$34.5M	$28.7M	300x	as long as short
KuCoin SEIUSDTMshort	+0.0100%	8h	0.05978	−0.044%	$6.4M	$14.5M	75x
Bitget SEIUSDT	+0.0100%	8h	0.05981	+0.006%	$9.5M	$16.5M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05980	−0.010%	—	$31.2M	—	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05976	−0.077%	$211K	$1.7M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05990	+0.157%	$109K	$664K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.05982	+0.023%	$2K	$97K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05985	+0.073%	$22K	$4.4M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05983	+0.045%	$77K	$546K	25x	as long as short
Backpack SEI_USDC_PERP	+0.0130%	1h	0.05989	+0.140%	$119K	$569K	10x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05977	−0.064%	$114	—	20x	as long as short
Kraken Futures PF_SEIUSD	+0.0375%	1h	0.05988	+0.115%	$377K	$1.6M	50x	as long as short
dYdX SEI-USD	+0.0785%	1h	0.05981	+0.011%	$102K	$2K	5x	as long as short
Injective SEI/USDC PERP	+0.0844%	1h	0.05978	−0.044%	$9K	$43K	12x	as long as short