Funding you earn now, next payment 03:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.066%
Price spread now: Coinbase International against Lighter+0.381%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$1321.322% of the position
Funding, last 7 days−0.583%−$58 on $10k
+Price spread, last 4 days (all we have)−0.464%−$46 · spread now +0.381%, 7d avg −0.060%
=Together, before fees−1.048%+ Points / potential airdropLighter: Season 3 · farm board−$105 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.441% dearer against Lighter than usual: you sell high and buy low (spread +0.381% now, against its 7-day average of −0.060%): +$44 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.583% in total) that is about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SEI | 0.06035 | 0.0096 | pay 0.0012% / 1h | 2m 49s | $270K | $1.2M | 10x |
| Short | Coinbase International SEI-PERP-INTX | 0.06058 | −0.0032 | pay 0.0004% / 1h | 2m 49s | $43K | $218K | 50x |
Lighter SEI
Coinbase International SEI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$26.88
- Price spread: +0.381% → −0.060%
- $44.07
- Slippage, 4 orders
- −$122.2
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$115.01
- Costs to cover
- 1.322%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Coinbase International: live order book, 55 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, 3 min ago | 3.33 bp | 8.9 bp −$9 | 34.1 bp −$341 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 55 min ago | 15.58 bp | 57.9 bp −$58 | 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 | −0.0211% | 8h | 0.06001 | −0.556% | $320K | $187K | — | as long as short |
| Coinbase International SEI-PERP-INTXshort | −0.0032% | 1h | 0.06058 | +0.381% | $43K | $218K | 50x | |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06037 | +0.033% | — | — | 150x | as long as short |
| Bybit SEIUSDT | +0.0028% | 8h | 0.06021 | −0.232% | $14.4M | $36.4M | 50x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0041% / S +0.0107% | 1h | 0.06036 | +0.015% | $6K | — | 100x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0081% | 1h | 0.06041 | +0.099% | $10K | $72K | 25x | as long as short |
| Lighter SEIlong | +0.0096% | 1h | 0.06035 | long leg | $270K | $1.2M | 10x | |
| Hyperliquid SEI | +0.0100% | 1h | 0.06036 | +0.017% | $3.5M | $5.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06035 | −0.001% | $316K | $349K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06031 | −0.068% | $14.8M | $130.5M | 75x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Bybit SEIUSDT
GMX SEI/USD [ETH-USDC]
Deribit SEI_USDC-PERPETUAL
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 | 0.06024 | −0.182% | $3.5M | $40.1M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06035 | 0.000% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06028 | −0.116% | $35.1M | $28.8M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06034 | −0.017% | $6.5M | $14.6M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06028 | −0.116% | $9.9M | $16.7M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06031 | −0.066% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06035 | 0.000% | $106K | $622K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06005 | −0.505% | $204K | $2.0M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05990 | −0.746% | $108K | $669K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06036 | +0.017% | $2K | $58K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06049 | +0.232% | $22K | $4.2M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06032 | −0.057% | $76K | $548K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06040 | +0.083% | $769K | $1.3M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0267% | 1h | 0.06032 | −0.050% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0314% | 1h | 0.06038 | +0.045% | $372K | $1.5M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06040 | +0.075% | $115 | — | 20x | as long as short |
| dYdX SEI-USD | +0.1093% | 1h | 0.06038 | +0.047% | $103K | $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
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
dYdX SEI-USD