Settings8H · net · $10k
Funding arb · Price arb /

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Hyperliquid against Lighter+0.038%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.404% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 7 days−0.058%−$6 · spread now +0.038%, 7d avg +0.027%
Together, before fees−0.066%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SEI0.060620.0096pay 0.0012% / 1h40m 15s$272K$1.1M10x
ShortHyperliquid SEI0.060640.0100get 0.0013% / 1h40m 15s$3.8M$4.8M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.038% → +0.027%
$1.13
Slippage, 4 orders
−$31.42
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$38.46
Costs to cover
0.404%
Break-even
327.5 days
Slippage from Lighter: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 1 min ago4.95 bp7.3 bp −$728.0 bp −$280doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.65 bp11.4 bp −$11doesn't fitdoesn't fitdoesn't fit

SEI on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SEI/USDC PERP−0.0302%1h0.06110+0.792%$9K$40K12xas long as short
Variational Omni SEI−0.0097%8h0.06047−0.256%$319K$173Kas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.06054−0.126%$8K150xas long as short
Gate SEI_USDT−0.0003%8h0.06056−0.099%$1.1M$2.9M75xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.06055−0.115%$382$72K25xas long as short
Lighter SEIlong+0.0096%1h0.06062long leg$272K$1.1M10x
Hyperliquid SEIshort+0.0100%1h0.06064+0.038%$3.8M$4.8M5x
Aster SEIUSDT+0.0100%8h0.06062−0.003%$333K$350K20xas long as short
Binance SEIUSDT+0.0100%8h0.060620.000%$14.8M$122.9M75xas long as short
Bybit SEIUSDT+0.0100%8h0.06055−0.115%$14.5M$34.3M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.06060−0.033%$3.5M$36.3M50xas long as short
MEXC SEI_USDT+0.0100%8h0.060620.000%$39.8M$27.6M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.06064+0.033%$6.8M$14.6M75xas long as short
Bitget SEIUSDT+0.0100%8h0.06060−0.033%$9.7M$17.1M75xas long as short
BingX SEI-USDT+0.0100%8h0.06057−0.082%$16.3Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.06060−0.033%$119K$680K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.06073+0.190%$208K$2.7M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.06080+0.297%$102K$675K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.06054−0.132%$2K$260K20xas long as short
SunX SEI-USDT+0.0100%8h0.06065+0.049%$23K$3.5M30xas long as short
Extended SEI-USD+0.0104%1h0.06052−0.158%$67K$439K25xas long as short
Coinbase International SEI-PERP-INTX+0.0192%1h0.06050−0.198%$66K$263K50xas long as short
BloFin SEI-USDT+0.0220%8h0.06056−0.099%$745K$1.6M75xas long as short
GMX SEI/USD [ETH-USDC]L +0.0267% / S −0.2513%1h0.06071+0.153%$12K100xas long as short
Kraken Futures PF_SEIUSD+0.0268%1h0.06062−0.006%$370K$1.7M50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.06051−0.181%$11520xas long as short
dYdX SEI-USD+0.0822%1h0.06056−0.094%$103K$2K5xas long as short