SEI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0898%/8h= +98.4% APRnext payment +$1.12 per $10,000 · paid last 24h +0.022%

Price spread now: Lighter against GMX−0.032%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.032% cheaper against GMX than usual: you would sell low and buy high (spread −0.032% 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 (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SEI/USD [ETH-USDC]	0.05899	L −0.0802% / S +0.0440%	get 0.0100% / 1h	38m 34s	$23K	—	100x
Short	Lighter SEI	0.05897	0.0096	get 0.0012% / 1h	38m 34s	$266K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.032%Rate

Funding earned: $188.63
Price spread: −0.032% → 0.000%: −$3.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $173.41
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: GMX: no order-book sample; Lighter: 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 Lighter live order book, 2 min ago	2.54 bp	6.4 bp −$6	27.1 bp −$271	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
GMX SEI/USD [ETH-USDC]long	L −0.0802% / S +0.0440%	1h	0.05899	long leg	$23K	—	100x
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.05899	+0.005%	$8K	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.05900	+0.019%	$20K	$62K	25x	as long as short
Variational Omni SEI	+0.0016%	8h	0.05903	+0.066%	$312K	$224K	—	as long as short
Lighter SEIshort	+0.0096%	1h	0.05897	−0.032%	$266K	$1.2M	10x
Orderly PERP_SEI_USDC	+0.0099%	8h	0.05898	−0.015%	$2K	$111K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05899	−0.007%	$3.4M	$6.5M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05898	−0.012%	$308K	$368K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05896	−0.044%	$13.7M	$126.1M	75x	as long as short
Bybit SEIUSDT	+0.0100%	8h	0.05892	−0.117%	$13.9M	$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	0.05893	−0.100%	$3.0M	$39.7M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05896	−0.049%	$1.1M	$3.5M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05895	−0.066%	$28.8M	$26.0M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05896	−0.049%	$6.7M	$14.2M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05894	−0.083%	$9.3M	$17.0M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05893	−0.100%	—	$33.1M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05900	+0.019%	$119K	$561K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05904	+0.088%	$208K	$1.5M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05900	+0.019%	$107K	$667K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05909	+0.171%	$22K	$4.7M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05893	−0.096%	$75K	$476K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0189%	1h	0.05899	0.000%	$374K	$1.6M	50x	as long as short
Coinbase International SEI-PERP-INTX	+0.0192%	1h	0.05960	+1.036%	$33K	$209K	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05899	+0.002%	$697K	$1.2M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05899	−0.001%	$113	—	20x	as long as short
Injective SEI/USDC PERP	+0.0864%	1h	0.05928	+0.493%	$9K	$42K	12x	as long as short
dYdX SEI-USD	+0.2672%	1h	0.05899	−0.005%	$101K	$2K	5x	as long as short