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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.056%
Price spread now: Hyperliquid against GRVT−0.242%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$570.565% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%+$1 on $10k
Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.242%, 7d avg +0.071%
Together, before fees+0.176%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.313% cheaper against GRVT than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT SEI_USDT_Perp0.059560.0100pay 0.0100% / 8h37m 24s$203K$1.5M10x
ShortHyperliquid SEI0.059420.0100get 0.0013% / 1h37m 24s$3.5M$6.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: −0.242% → +0.071%
−$31.29
Slippage, 4 orders
−$38.52
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$87.81
Costs to cover
0.565%
Break-even
never at this rate
Slippage from GRVT: live order book, 1 min ago; Hyperliquid: 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 ago1.68 bp15.8 bp −$1629.9 bp −$299doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.35 bp12.5 bp −$13doesn't fitdoesn't fitdoesn'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
GMX SEI/USD [ETH-USDC]L −0.0802% / S +0.0440%1h0.05943−0.221%$23K100xas long as short
Variational Omni SEI−0.0028%8h0.05945−0.184%$317K$222Kas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05936−0.340%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05945−0.189%$20K$62K25xas long as short
Lighter SEI+0.0096%1h0.05944−0.205%$266K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0099%8h0.05943−0.222%$1K$111K20xas long as short
Hyperliquid SEIshort+0.0100%1h0.05942−0.242%$3.5M$6.5M5x
Aster SEIUSDT+0.0100%8h0.05942−0.232%$310K$368K20xas long as short
Binance SEIUSDT+0.0100%8h0.05936−0.340%$14.0M$125.9M75xas long as short
Bybit SEIUSDT+0.0100%8h0.05928−0.474%$14.0M$36.0M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05930−0.440%$3.1M$39.9M50xas long as short
Gate SEI_USDT+0.0100%8h0.05945−0.189%$1.1M$3.5M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05936−0.340%$29.0M$25.5M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05937−0.323%$6.2M$14.2M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05936−0.340%$9.3M$16.9M75xas long as short
BingX SEI-USDT+0.0100%8h0.05933−0.390%$33.2Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05945−0.189%$118K$564K10xas long as short
GRVT SEI_USDT_Perplong+0.0100%8h0.05956long leg$203K$1.5M10x
ApeX Omni SEIUSDT+0.0100%1h0.05950−0.105%$108K$673K50xas long as short
SunX SEI-USDT+0.0100%8h0.05964+0.130%$22K$4.6M30xas long as short
Extended SEI-USD+0.0104%1h0.05937−0.327%$75K$476K25xas long as short
BloFin SEI-USDT+0.0220%8h0.05947−0.155%$707K$1.2M75xas long as short
Kraken Futures PF_SEIUSD+0.0323%1h0.05943−0.226%$367K$1.6M50xas long as short
Coinbase International SEI-PERP-INTX+0.0328%1h0.05920−0.608%$33K$207K50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05932−0.411%$11320xas long as short
Injective SEI/USDC PERP+0.1153%1h0.05939−0.289%$9K$42K12xas long as short
dYdX SEI-USD+0.2753%1h0.05940−0.273%$101K$2K5xas long as short