Funding you earn now, next payment 07:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.002%
Price spread now: Backpack against Lighter0.000%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now 0.000%, 7d avg +0.050%
=Together, before fees+0.050%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.050% cheaper against Lighter than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.050%). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.071% in total) that is about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SEI | 0.06144 | 0.0096 | pay 0.0012% / 1h | 8m 35s | $276K | $1.1M | 10x |
| Short | Backpack SEI_USDC_PERP | 0.06144 | 0.0242 | get 0.0030% / 1h | 8m 35s | $114K | $652K | 10x |
Lighter SEI
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $30.69
- Price spread: 0.000% → +0.050%
- −$5
- Slippage, 4 orders
- −$28.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$12.63
- Costs to cover
- 0.383%
- Break-even
- 9.9 days
Slippage from Lighter: live order book, 2 min ago; Backpack: live order book, 35 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 Lighter live order book, 2 min ago | 3.26 bp | 8.8 bp −$9 | 32.4 bp −$324 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 35 min ago | 0.84 bp | 10.7 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0082% | 8h | 0.06127 | −0.271% | $322K | $179K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06133 | −0.179% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06148 | +0.065% | $388 | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0064% / S −0.0127% | 1h | 0.06135 | −0.145% | $3K | — | 100x | as long as short |
| Lighter SEIlong | +0.0096% | 1h | 0.06144 | long leg | $276K | $1.1M | 10x | |
| Hyperliquid SEI | +0.0100% | 1h | 0.06149 | +0.080% | $3.7M | $5.0M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06145 | +0.020% | $328K | $378K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06141 | −0.041% | $14.8M | $123.4M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06132 | −0.195% | $14.5M | $34.0M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06135 | −0.146% | $3.4M | $36.6M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06144 | 0.000% | $1.1M | $3.2M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06143 | −0.016% | $36.6M | $28.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06147 | +0.049% | $6.8M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06147 | +0.049% | $10.1M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06138 | −0.098% | — | $31.4M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06118 | −0.422% | $211K | $2.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06140 | −0.065% | $104K | $668K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06147 | +0.049% | $2K | $180K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06152 | +0.130% | $23K | $3.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06143 | −0.012% | $85K | $377K | 25x | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0242% | 1h | 0.06144 | 0.000% | $114K | $652K | 10x | |
| Coinbase International SEI-PERP-INTX | +0.0272% | 1h | 0.06060 | −1.367% | $43K | $233K | 50x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0341% | 1h | 0.06144 | −0.002% | $377K | $1.6M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06148 | +0.060% | $117 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0364% | 8h | 0.06140 | −0.065% | $734K | $1.5M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0402% | 1h | 0.06134 | −0.163% | $9K | $40K | 12x | as long as short |
| dYdX SEI-USD | +0.1749% | 1h | 0.06146 | +0.039% | $105K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
dYdX SEI-USD