Funding you earn now, next payment 04:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.082%
Price spread now: Backpack against GMX−0.039%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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. Backpack is 0.039% cheaper against GMX than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.0 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SEI/USD [ETH-USDC] | 0.06137 | L +0.0035% / S +0.0153% | pay 0.0004% / 1h | 54m 19s | $6K | — | 100x |
| Short | Backpack SEI_USDC_PERP | 0.06135 | 0.0100 | get 0.0013% / 1h | 54m 19s | $110K | $607K | 10x |
GMX SEI/USD [ETH-USDC]
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $13.56
- Price spread: −0.039% → 0.000%
- −$3.91
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$12.35
- Costs to cover
- 0.220%
- Break-even
- 13.4 days
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 5 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 0.82 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0180% | 8h | 0.06122 | −0.243% | $332K | $184K | — | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0032% | 1h | 0.06149 | +0.189% | $43K | $223K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06138 | +0.002% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06131 | −0.104% | $10K | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC]long | L +0.0035% / S +0.0153% | 1h | 0.06137 | long leg | $6K | — | 100x | |
| dYdX SEI-USD | +0.0053% | 1h | 0.06132 | −0.088% | $105K | $2K | 5x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06133 | −0.072% | $279K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06142 | +0.068% | $3.5M | $5.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06138 | +0.015% | $321K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06135 | −0.040% | $15.2M | $130.2M | 75x | as long as short |
Variational Omni SEI
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
dYdX SEI-USD
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SEIUSDT | +0.0100% | 8h | 0.06129 | −0.137% | $14.8M | $36.1M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06130 | −0.121% | $3.5M | $40.7M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06132 | −0.088% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06132 | −0.088% | $36.1M | $28.3M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06139 | +0.026% | $6.5M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06141 | +0.059% | $10.0M | $16.7M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06132 | −0.088% | — | $31.3M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.06135 | −0.039% | $110K | $607K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06122 | −0.251% | $216K | $1.8M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06120 | −0.284% | $110K | $666K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06131 | −0.104% | $2K | $82K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06134 | −0.055% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06137 | −0.014% | $79K | $550K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06129 | −0.137% | $782K | $1.3M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0267% | 1h | 0.06123 | −0.235% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0309% | 1h | 0.06132 | −0.090% | $380K | $1.6M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06137 | −0.002% | $117 | — | 20x | as long as short |
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP