Funding you earn now, next payment 01:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.071%
Price spread now: Bybit against Kraken Futures−0.048%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$720.724% of the position
Funding, last 7 days−0.303%−$30 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.048%, 7d avg −0.070%
=The price spread pays, funding is against you. Bybit is 0.022% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.070%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SEIUSD | 0.05995 | 0.0178 | pay 0.0022% / 1h | 15m 30s | $371K | $1.6M | 50x |
| Short | Bybit SEIUSDT | 0.05992 | 0.0100 | get 0.0100% / 8h | 7h 15m | $14.1M | $35.9M | 50x |
Kraken Futures PF_SEIUSD
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$16.33
- Price spread: −0.048% → −0.070%
- $2.19
- Slippage, 4 orders
- −$51.38
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$86.52
- Costs to cover
- 0.724%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 10.87 bp | 24.2 bp −$24 | 60.2 bp −$602 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.84 bp | 13.2 bp −$13 | 32.5 bp −$325 | doesn't fit | 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 | 0.05990 | −0.081% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0109% | 8h | 0.05984 | −0.188% | $320K | $210K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05990 | −0.084% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05992 | −0.048% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06001 | +0.102% | $273K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05992 | −0.048% | $2K | $110K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06005 | +0.166% | $3.5M | $6.3M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05998 | +0.047% | $314K | $349K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06001 | +0.099% | $14.4M | $127.8M | 75x | as long as short |
| Bybit SEIUSDTshort | +0.0100% | 8h | 0.05992 | −0.048% | $14.1M | $35.9M | 50x |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance 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 | 0.05995 | +0.002% | $3.2M | $39.9M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05998 | +0.052% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06001 | +0.102% | $35.8M | $28.7M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05997 | +0.036% | $6.2M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05999 | +0.069% | $9.4M | $16.8M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05998 | +0.052% | — | $33.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05996 | +0.019% | $118K | $562K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05989 | −0.102% | $212K | $1.6M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05980 | −0.248% | $109K | $673K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06000 | +0.086% | $22K | $4.5M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05997 | +0.039% | $76K | $542K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0144% | 1h | 0.05989 | −0.098% | $34K | $207K | 50x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0178% | 1h | 0.05995 | long leg | $371K | $1.6M | 50x | |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05984 | −0.181% | $730K | $1.3M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05998 | +0.050% | $114 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0974% | 1h | 0.06006 | +0.186% | $9K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.1033% | 1h | 0.05996 | +0.020% | $102K | $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