Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h +0.082%

Price spread now: GMX against Gate+0.037%7-day average — · you sell dearer than you buy

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

Long on Gate Short on GMX

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

The price spread pays, funding is against you. GMX is 0.037% dearer against Gate than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SEI_USDT	0.05890	0.0100	pay 0.0100% / 8h	1h 51m	$1.1M	$3.5M	75x
Short	GMX SEI/USD [ETH-USDC]	0.05892	L −0.0802% / S +0.0440%	pay 0.0055% / 1h	51m 48s	$23K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$113.4
Price spread: +0.037% → 0.000%: $3.74
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$136.67
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; GMX: no order-book sample. 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 Gate live order book, 1 min ago	7.64 bp	16.4 bp −$16	54.7 bp −$547	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.0802% / S +0.0440%	1h	0.05892	+0.037%	$23K	—	100x
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.05894	+0.068%	$8K	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.05894	+0.068%	$20K	$62K	25x	as long as short
Variational Omni SEI	+0.0019%	8h	0.05903	+0.221%	$314K	$240K	—	as long as short
Lighter SEI	+0.0096%	1h	0.05890	0.000%	$266K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0099%	8h	0.05894	+0.068%	$2K	$111K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05892	+0.032%	$3.4M	$6.6M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05896	+0.106%	$308K	$368K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05890	0.000%	$13.6M	$126.4M	75x	as long as short
Bybit SEIUSDT	+0.0100%	8h	0.05884	−0.102%	$13.8M	$36.1M	50x	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	0.05888	−0.034%	$3.0M	$39.8M	50x	as long as short
Gate SEI_USDTlong	+0.0100%	8h	0.05890	long leg	$1.1M	$3.5M	75x
MEXC SEI_USDT	+0.0100%	8h	0.05890	0.000%	$28.9M	$25.9M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05892	+0.034%	$6.9M	$14.2M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05890	0.000%	$9.2M	$17.0M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05891	+0.017%	—	$33.1M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05893	+0.051%	$118K	$561K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05910	+0.338%	$209K	$1.4M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05920	+0.509%	$108K	$667K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05903	+0.221%	$22K	$4.7M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05890	−0.007%	$75K	$476K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0189%	1h	0.05892	+0.034%	$373K	$1.6M	50x	as long as short
Coinbase International SEI-PERP-INTX	+0.0192%	1h	0.05960	+1.188%	$33K	$209K	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05901	+0.187%	$700K	$1.2M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05898	+0.129%	$113	—	20x	as long as short
Injective SEI/USDC PERP	+0.0864%	1h	0.05932	+0.713%	$9K	$42K	12x	as long as short
dYdX SEI-USD	+0.2696%	1h	0.05898	+0.143%	$101K	$2K	5x	as long as short