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 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.012%
Price spread now: Binance against Injective+0.180%77s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.865%+$186 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Binance is 0.180% dearer against Injective than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.6 days. Mind the row above: over the last 7 days funding on this pair paid +1.865%, so the current rate has only just turned against you. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SEI/USDC PERP0.061230.0267pay 0.0033% / 1h54m 02s$9K$43K12x
ShortBinance SEIUSDT0.061340.0100get 0.0100% / 8h4h 54m$15.2M$130.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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
−$35.11
Price spread: +0.180% → 0.000%
$17.96
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Binance: 5 bp × 2 orders
−$10
Net
−$27.17
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Binance live order book, 4 min ago0.82 bp12.8 bp −$1322.4 bp −$224106.1 bp −$10.6Kdoesn't fit
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SEI−0.0180%8h0.06122−0.008%$332K$184Kas long as short
Coinbase International SEI-PERP-INTX−0.0032%1h0.06149+0.425%$43K$223K50xas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.06138+0.237%150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.06133+0.163%$10K$72K25xas long as short
GMX SEI/USD [ETH-USDC]L +0.0035% / S +0.0153%1h0.06137+0.235%$6K100xas long as short
dYdX SEI-USD+0.0053%1h0.06132+0.147%$105K$2K5xas long as short
Lighter SEI+0.0096%1h0.06137+0.229%$279K$1.2M10xas long as short
Hyperliquid SEI+0.0100%1h0.06140+0.283%$3.5M$5.5M5xas long as short
Aster SEIUSDT+0.0100%8h0.06137+0.227%$321K$354K20xas long as short
Binance SEIUSDTshort+0.0100%8h0.06134+0.180%$15.2M$130.2M75x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SEIUSDT+0.0100%8h0.06126+0.049%$14.8M$36.1M50xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.06132+0.147%$3.5M$40.8M50xas long as short
Gate SEI_USDT+0.0100%8h0.06134+0.180%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.06135+0.196%$36.1M$28.3M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.06136+0.212%$6.5M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.06136+0.212%$10.0M$16.7M75xas long as short
BingX SEI-USDT+0.0100%8h0.06134+0.180%$31.3Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.06136+0.212%$110K$606K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.06122−0.017%$216K$1.8M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.06120−0.049%$110K$666K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.06131+0.131%$2K$82K20xas long as short
SunX SEI-USDT+0.0100%8h0.06145+0.359%$23K$4.3M30xas long as short
Extended SEI-USD+0.0104%1h0.06134+0.183%$79K$550K25xas long as short
BloFin SEI-USDT+0.0220%8h0.06129+0.098%$782K$1.3M75xas long as short
Injective SEI/USDC PERPlong+0.0267%1h0.06123long leg$9K$43K12x
Kraken Futures PF_SEIUSD+0.0308%1h0.06138+0.246%$380K$1.6M50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.06137+0.233%$11720xas long as short