Funding you earn now, next payment 22:00 UTC−0.0114%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.039%
Price spread now: Hyperliquid against Kraken Futures+0.017%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.017%, 7d avg +0.008%
=Together, before fees−0.125%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SEIUSD | 0.05926 | 0.0214 | pay 0.0027% / 1h | 39m 42s | $376K | $1.7M | 50x |
| Short | Hyperliquid SEI | 0.05926 | 0.0100 | get 0.0013% / 1h | 39m 42s | $3.4M | $6.6M | 5x |
Kraken Futures PF_SEIUSD
Hyperliquid SEIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$23.86
- Price spread: +0.017% → +0.008%
- $0.93
- Slippage, 4 orders
- −$39.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$81.49
- Costs to cover
- 0.586%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: live order book, 2 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, 4 min ago | 10.10 bp | 15.6 bp −$16 | 39.5 bp −$395 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 0.51 bp | 9.0 bp −$9 | doesn't fit | 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 | 0.05925 | −0.005% | $23K | — | 100x | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0056% | 1h | 0.05960 | +0.582% | $33K | $210K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05926 | +0.016% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05926 | +0.008% | $20K | $62K | 25x | as long as short |
| Variational Omni SEI | +0.0037% | 8h | 0.05919 | −0.109% | $315K | $240K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05923 | −0.042% | $267K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0098% | 8h | 0.05925 | −0.008% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEIshort | +0.0100% | 1h | 0.05926 | +0.017% | $3.4M | $6.6M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.05927 | +0.033% | $310K | $382K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05917 | −0.136% | $13.8M | $128.4M | 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
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 | 0.05911 | −0.245% | $13.9M | $36.6M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05911 | −0.245% | $3.0M | $40.2M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05920 | −0.093% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05917 | −0.143% | $29.5M | $26.7M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05925 | −0.008% | $7.1M | $14.3M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05917 | −0.143% | $9.3M | $17.3M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05914 | −0.194% | — | $32.9M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05927 | +0.025% | $118K | $566K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05934 | +0.143% | $208K | $1.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05940 | +0.245% | $108K | $668K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05934 | +0.143% | $23K | $4.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05913 | −0.215% | $75K | $477K | 25x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0214% | 1h | 0.05926 | long leg | $376K | $1.7M | 50x | |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05927 | +0.025% | $718K | $1.3M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05923 | −0.036% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0863% | 1h | 0.05952 | +0.447% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.1895% | 1h | 0.05919 | −0.106% | $101K | $2K | 5x | as long as short |
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
dYdX SEI-USD