Funding arb · Price arb /

SEI

all SEI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1035%/8h= +113.3% APRpaid last 24h +0.117%

Price spread now: BloFin against GMX−0.033%7-day average — · you buy dearer than you sell

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

Long on GMX 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 0.033% cheaper against GMX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SEI/USD [ETH-USDC]	0.06047	L −0.0815% / S +0.0444%	get 0.0102% / 1h	40m 31s	$24K	—	100x
Short	BloFin SEI-USDT	0.06045	0.0220	get 0.0220% / 8h	5h 40m	$738K	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now −0.033%Rate

Funding earned: $217.29
Price spread: −0.033% → 0.000%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $189.98
Costs to cover: 0.240%
Break-even: 0.9 days

Slippage unknown: GMX: no order-book sample; BloFin: 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	2.48 bp	15.8 bp −$16	29.4 bp −$294	95.0 bp −$9,503	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
GMX SEI/USD [ETH-USDC]long	L −0.0815% / S +0.0444%	1h	0.06047	long leg	$24K	—	100x
Variational Omni SEI	−0.0108%	8h	0.06039	−0.127%	$323K	$178K	—	as long as short
gTrade (Gains Network) SEI/USD	L −0.0006% / S +0.0006%	1h	0.06047	0.000%	—	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.06041	−0.099%	$10K	$72K	25x	as long as short
Lighter SEI	+0.0096%	1h	0.06045	−0.033%	$274K	$1.2M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06045	−0.033%	$3.5M	$5.9M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06045	−0.037%	$316K	$354K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06044	−0.047%	$14.5M	$128.0M	75x	as long as short
Bybit SEIUSDT	+0.0100%	8h	0.06038	−0.149%	$14.5M	$35.7M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.06041	−0.099%	$3.3M	$39.8M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SEI_USDT	+0.0100%	8h	0.06044	−0.050%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.06048	+0.017%	$34.9M	$27.8M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.06041	−0.099%	$6.4M	$14.4M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.06042	−0.083%	$9.5M	$16.5M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.06043	−0.066%	—	$31.3M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.06039	−0.132%	$120K	$594K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06030	−0.282%	$205K	$1.7M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06030	−0.281%	$110K	$665K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.06039	−0.132%	$2K	$97K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.06059	+0.198%	$23K	$4.3M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06040	−0.111%	$78K	$546K	25x	as long as short
Coinbase International SEI-PERP-INTX	+0.0128%	1h	0.05977	−1.158%	$34K	$207K	50x	as long as short
Injective SEI/USDC PERP	+0.0156%	1h	0.06032	−0.248%	$9K	$43K	12x	as long as short
BloFin SEI-USDTshort	+0.0220%	8h	0.06045	−0.033%	$738K	$1.2M	75x
Reya SEIRUSDPERP	+0.0346%	1h	0.06039	−0.133%	$115	—	20x	as long as short
Kraken Futures PF_SEIUSD	+0.0472%	1h	0.06039	−0.132%	$381K	$1.6M	50x	as long as short
dYdX SEI-USD	+0.1110%	1h	0.06041	−0.101%	$103K	$2K	5x	as long as short