Funding you earn now, next payment 23:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.079%
Price spread now: Binance against Kraken Futures−0.042%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.042%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SEIUSD | 0.05895 | 0.0189 | pay 0.0024% / 1h | 37m 57s | $374K | $1.6M | 50x |
| Short | Binance SEIUSDT | 0.05893 | 0.0100 | get 0.0100% / 8h | 1h 37m | $13.7M | $126.1M | 75x |
Kraken Futures PF_SEIUSD
Binance SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.77
- Price spread: −0.042% → −0.019%
- −$2.28
- Slippage, 4 orders
- −$33.06
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$74.12
- Costs to cover
- 0.531%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Binance: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 1 min ago | 5.94 bp | 15.1 bp −$15 | 42.4 bp −$424 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.85 bp | 9.2 bp −$9 | 20.6 bp −$206 | 96.6 bp −$9,657 | doesn't fit |
SEI on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05896 | +0.017% | $23K | — | 100x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05897 | +0.026% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05896 | +0.011% | $20K | $62K | 25x | as long as short |
| Variational Omni SEI | +0.0016% | 8h | 0.05903 | +0.126% | $312K | $224K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05896 | +0.011% | $265K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05897 | +0.028% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05894 | −0.030% | $3.4M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05898 | +0.040% | $308K | $368K | 20x | as long as short |
| Binance SEIUSDTshort | +0.0100% | 8h | 0.05893 | −0.042% | $13.7M | $126.1M | 75x | |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05888 | −0.125% | $13.9M | $36.0M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Bybit SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05890 | −0.091% | $3.0M | $39.7M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05895 | −0.006% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05892 | −0.057% | $28.8M | $26.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05895 | −0.006% | $6.7M | $14.2M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05893 | −0.040% | $9.3M | $17.0M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05890 | −0.091% | — | $33.1M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05896 | +0.011% | $119K | $560K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05904 | +0.148% | $208K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05900 | +0.079% | $107K | $667K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05905 | +0.163% | $22K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05892 | −0.054% | $75K | $476K | 25x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0189% | 1h | 0.05895 | long leg | $374K | $1.6M | 50x | |
| Coinbase International SEI-PERP-INTX | +0.0192% | 1h | 0.05960 | +1.096% | $33K | $209K | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05899 | +0.062% | $697K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05896 | +0.003% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0864% | 1h | 0.05928 | +0.553% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.2672% | 1h | 0.05899 | +0.055% | $101K | $2K | 5x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD