Settings8H · net · $10k
Funding arb · Price arb /

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against GRVT+0.591%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$960.958% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.575%−$58 · spread now +0.591%, 7d avg −0.049%
Together, before fees−0.587%+ Points / potential airdropGRVT: Active · farm board−$59 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.640% dearer against GRVT than usual: you sell high and buy low: +$64 more if the spread goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT SEI_USDT_Perp0.060050.0100pay 0.0100% / 8h4h 02m$204K$2.0M10x
ShortBloFin SEI-USDT0.060400.0220get 0.0220% / 8h4h 02m$769K$1.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against GRVT. 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

Funding earned
$25.2
Price spread: +0.591% → −0.049%
$63.99
Slippage, 4 orders
−$74.85
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$6.66
Costs to cover
0.958%
Break-even
8.8 days
Slippage from GRVT: live order book, 1 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 1 min ago4.14 bp33.9 bp −$3472.2 bp −$722doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago1.66 bp10.4 bp −$1020.0 bp −$20066.9 bp −$6,690doesn't fit

SEI on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SEI−0.0211%8h0.06001−0.051%$320K$187Kas long as short
Coinbase International SEI-PERP-INTX−0.0032%1h0.06058+0.890%$43K$218K50xas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.06037+0.541%150xas long as short
Bybit SEIUSDT+0.0028%8h0.06021+0.274%$14.4M$36.4M50xas long as short
GMX SEI/USD [ETH-USDC]L +0.0041% / S +0.0107%1h0.06036+0.522%$6K100xas long as short
Deribit SEI_USDC-PERPETUAL+0.0081%1h0.06041+0.607%$10K$72K25xas long as short
Lighter SEI+0.0096%1h0.06028+0.391%$269K$1.2M10xas long as short
Hyperliquid SEI+0.0100%1h0.06031+0.436%$3.5M$5.5M5xas long as short
Aster SEIUSDT+0.0100%8h0.06036+0.528%$316K$349K20xas long as short
Binance SEIUSDT+0.0100%8h0.06028+0.391%$14.8M$130.5M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.06031+0.441%$3.5M$40.1M50xas long as short
Gate SEI_USDT+0.0100%8h0.06035+0.507%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.06027+0.374%$35.1M$28.8M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.06029+0.407%$6.5M$14.6M75xas long as short
Bitget SEIUSDT+0.0100%8h0.06026+0.358%$9.9M$16.7M75xas long as short
BingX SEI-USDT+0.0100%8h0.06029+0.407%$31.4Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.06035+0.507%$106K$622K10xas long as short
GRVT SEI_USDT_Perplong+0.0100%8h0.06005long leg$204K$2.0M10x
ApeX Omni SEIUSDT+0.0100%1h0.05990−0.242%$108K$669K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.06036+0.524%$2K$58K20xas long as short
SunX SEI-USDT+0.0100%8h0.06049+0.741%$22K$4.2M30xas long as short
Extended SEI-USD+0.0104%1h0.06032+0.450%$76K$548K25xas long as short
BloFin SEI-USDTshort+0.0220%8h0.06040+0.591%$769K$1.3M75x
Injective SEI/USDC PERP+0.0267%1h0.06032+0.457%$9K$43K12xas long as short
Kraken Futures PF_SEIUSD+0.0314%1h0.06038+0.553%$372K$1.5M50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.06040+0.583%$11520xas long as short
dYdX SEI-USD+0.1083%1h0.06027+0.380%$103K$2K5xas long as short