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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.023%
Price spread now: GRVT against Hyperliquid−0.735%85s7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$660.662% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 7 days+0.752%+$75 · spread now −0.735%, 7d avg +0.042%
Together, before fees+0.767%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$77 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: GRVT is 0.776% cheaper against Hyperliquid than usual: you would sell low and buy high, −$78 on $10k if it goes back to its 7-day average of +0.042%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SEI0.061120.0100pay 0.0013% / 1h32m 13s$3.5M$5.5M5x
ShortGRVT SEI_USDT_Perp0.060670.0100get 0.0100% / 8h4h 32m$209K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.735% → +0.042%
−$77.62
Slippage, 4 orders
−$48.2
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$143.82
Costs to cover
0.662%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; GRVT: live order book, 1 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, 10 min ago0.50 bp10.4 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 1 min ago0.82 bp28.6 bp −$2998.0 bp −$980doesn'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
Variational Omni SEI−0.0180%8h0.06037−1.218%$322K$189Kas long as short
Coinbase International SEI-PERP-INTX−0.0032%1h0.06149+0.607%$43K$221K50xas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.06108−0.064%150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.06110−0.031%$10K$72K25xas long as short
GMX SEI/USD [ETH-USDC]L +0.0039% / S +0.0126%1h0.06108−0.062%$6K100xas long as short
Bybit SEIUSDT+0.0089%8h0.06103−0.146%$14.6M$36.3M50xas long as short
Lighter SEI+0.0096%1h0.06112+0.002%$278K$1.2M10xas long as short
Hyperliquid SEIlong+0.0100%1h0.06112long leg$3.5M$5.5M5x
Aster SEIUSDT+0.0100%8h0.06109−0.054%$319K$354K20xas long as short
Binance SEIUSDT+0.0100%8h0.06110−0.028%$15.1M$130.4M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.06105−0.113%$3.5M$40.4M50xas long as short
Gate SEI_USDT+0.0100%8h0.06106−0.097%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.06113+0.018%$35.4M$28.6M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.06109−0.047%$6.6M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.06110−0.031%$10.0M$16.8M75xas long as short
BingX SEI-USDT+0.0100%8h0.06106−0.097%$31.4Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.06110−0.031%$109K$615K10xas long as short
GRVT SEI_USDT_Perpshort+0.0100%8h0.06067−0.735%$209K$1.9M10x
ApeX Omni SEIUSDT+0.0100%1h0.06070−0.686%$109K$668K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.06107−0.080%$2K$83K20xas long as short
SunX SEI-USDT+0.0100%8h0.06113+0.018%$23K$4.3M30xas long as short
Extended SEI-USD+0.0104%1h0.06109−0.041%$78K$547K25xas long as short
BloFin SEI-USDT+0.0220%8h0.06090−0.358%$765K$1.3M75xas long as short
Injective SEI/USDC PERP+0.0267%1h0.06051−0.996%$9K$43K12xas long as short
Kraken Futures PF_SEIUSD+0.0310%1h0.06111−0.018%$381K$1.5M50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.06107−0.085%$11720xas long as short
dYdX SEI-USD+0.0621%1h0.06100−0.196%$104K$2K5xas long as short