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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%
Price spread now: Gate against Hyperliquid+0.139%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$580.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.118%−$12 on $10k
Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.139%, 7d avg −0.033%
Together, before fees−0.308%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 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: Gate is 0.172% dearer against Hyperliquid than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SEI0.059730.0100pay 0.0013% / 1h52m 49s$3.5M$6.3M5x
ShortGate SEI_USDT0.059810.0100get 0.0100% / 8h6h 52m$1.1M$3.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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: +0.139% → −0.033%
$17.23
Slippage, 4 orders
−$34.3
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$41.08
Costs to cover
0.583%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Gate: 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 Hyperliquid live order book, 9 min ago1.34 bp8.8 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 5 min ago4.21 bp18.7 bp −$1953.0 bp −$530doesn'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 −0.0815% / S +0.0444%1h0.05964−0.146%$23K100xas long as short
Variational Omni SEI−0.0127%8h0.05902−1.191%$316K$210Kas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05964−0.137%$11K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05967−0.095%$10K$72K25xas long as short
Coinbase International SEI-PERP-INTX+0.0048%1h0.05949−0.397%$34K$207K50xas long as short
Bybit SEIUSDT+0.0087%8h0.05973+0.005%$14.1M$36.2M50xas long as short
Lighter SEI+0.0096%1h0.05970−0.045%$272K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05965−0.129%$2K$110K20xas long as short
Hyperliquid SEIlong+0.0100%1h0.05973long leg$3.5M$6.3M5x
Aster SEIUSDT+0.0100%8h0.05967−0.090%$312K$354K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SEIUSDT+0.0100%8h0.05978+0.089%$14.3M$129.2M75xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05972−0.012%$3.2M$40.3M50xas long as short
Gate SEI_USDTshort+0.0100%8h0.05981+0.139%$1.1M$3.4M75x
MEXC SEI_USDT+0.0100%8h0.05982+0.156%$35.4M$28.3M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05977+0.072%$6.4M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05979+0.105%$9.5M$17.0M75xas long as short
BingX SEI-USDT+0.0100%8h0.05977+0.072%$31.6Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05975+0.039%$118K$567K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05914−0.988%$202K$1.6M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05940−0.547%$108K$677K50xas long as short
SunX SEI-USDT+0.0100%8h0.05970−0.045%$22K$4.5M30xas long as short
Extended SEI-USD+0.0104%1h0.05984+0.185%$76K$540K25xas long as short
BloFin SEI-USDT+0.0220%8h0.05969−0.062%$733K$1.1M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05966−0.119%$11420xas long as short
Kraken Futures PF_SEIUSD+0.0376%1h0.05967−0.094%$379K$1.6M50xas long as short
dYdX SEI-USD+0.0688%1h0.05947−0.437%$101K$2K5xas long as short
Injective SEI/USDC PERP+0.0844%1h0.05956−0.280%$9K$43K12xas long as short