Funding you earn now, next payment 22:00 UTC+0.2013%/8h= +220.5% APRnext payment +$2.52 per $10,000 · paid last 24h +0.363%
Price spread now: dYdX against Kraken Futures+0.063%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$352as in the Price arb table
costs, in and out, $10k−$3623.617% of the position
Funding, last 7 days+1.295%+$129 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.063%, 7d avg −0.034%
=Both sides work for this trade now. Funding pays +$60 a day on $10k at the current rate, and dYdX is 0.096% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.034%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.295% in total (about 67.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SEIUSD | 0.05936 | 0.0213 | pay 0.0027% / 1h | 20m 17s | $377K | $1.7M | 50x |
| Short | dYdX SEI-USD | 0.05940 | 0.2226 | get 0.0278% / 1h | 20m 17s | $101K | $2K | 5x |
Kraken Futures PF_SEIUSD
dYdX SEI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $422.79
- Price spread: +0.063% → −0.034%
- $9.62
- Slippage, 4 orders
- −$341.7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $70.7
- Costs to cover
- 3.617%
- Break-even
- 5.8 days
Slippage from Kraken Futures: live order book, 3 min ago; dYdX: live order book, 4 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 | 5.89 bp | 16.5 bp −$16 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 4 min ago | 149.97 bp | 173.0 bp −$173 | 346.6 bp −$3,466 | 530.9 bp −$53.1K | 828.7 bp −$414.3K |
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 | 0.05933 | −0.048% | $23K | — | 100x | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0056% | 1h | 0.05960 | +0.406% | $33K | $210K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05934 | −0.035% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05936 | +0.001% | $20K | $62K | 25x | as long as short |
| Variational Omni SEI | +0.0028% | 8h | 0.05933 | −0.046% | $315K | $240K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05936 | +0.001% | $267K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0098% | 8h | 0.05934 | −0.032% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05942 | +0.096% | $3.5M | $6.6M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05937 | +0.012% | $310K | $371K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05935 | −0.016% | $13.8M | $128.0M | 75x | as long as short |
GMX SEI/USD [ETH-USDC]
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SEIUSDT | +0.0100% | 8h | 0.05929 | −0.117% | $14.0M | $36.4M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05932 | −0.066% | $3.0M | $40.3M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05937 | +0.018% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05935 | −0.016% | $29.5M | $26.8M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05935 | −0.016% | $7.1M | $14.2M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05932 | −0.066% | $9.3M | $17.2M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05933 | −0.049% | — | $33.0M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05939 | +0.052% | $119K | $564K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05944 | +0.137% | $211K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05950 | +0.237% | $109K | $670K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05946 | +0.170% | $22K | $4.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05932 | −0.069% | $75K | $477K | 25x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0213% | 1h | 0.05936 | long leg | $377K | $1.7M | 50x | |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05940 | +0.069% | $707K | $1.3M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05932 | −0.059% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0863% | 1h | 0.05973 | +0.625% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USDshort | +0.2226% | 1h | 0.05940 | +0.063% | $101K | $2K | 5x |
Bybit SEIUSDT
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
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP