Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.077%
Price spread now: Kraken Futures against Lighter+0.103%7-day average +0.024% · 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−$41as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.103%, 7d avg +0.024%
=Together, before fees+0.112%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.079% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SEI | 0.05920 | 0.0096 | pay 0.0012% / 1h | 57m 44s | $264K | $1.2M | 10x |
| Short | Kraken Futures PF_SEIUSD | 0.05926 | 0.0180 | get 0.0022% / 1h | 57m 44s | $361K | $1.6M | 50x |
Lighter SEI
Kraken Futures PF_SEIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $17.61
- Price spread: +0.103% → +0.024%
- $7.89
- Slippage, 4 orders
- −$39.13
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$23.63
- Costs to cover
- 0.491%
- Break-even
- 16.4 days
Slippage from Lighter: live order book, 8 min ago; Kraken Futures: live order book, 1 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, 8 min ago | 2.53 bp | 8.1 bp −$8 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.91 bp | 15.7 bp −$16 | 44.4 bp −$444 | 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 | 0.05928 | +0.128% | $23K | — | 100x | as long as short |
| Bybit SEIUSDT | −0.0149% | 8h | 0.05909 | −0.186% | $14.0M | $36.1M | 50x | as long as short |
| Variational Omni SEI | −0.0097% | 8h | 0.05931 | +0.181% | $317K | $222K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05928 | +0.135% | $8K | — | 150x | as long as short |
| Lighter SEIlong | +0.0096% | 1h | 0.05920 | long leg | $264K | $1.2M | 10x | |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05926 | +0.101% | $1K | $110K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05926 | +0.108% | $3.4M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05926 | +0.102% | $310K | $361K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05918 | −0.039% | $14.4M | $127.7M | 75x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05911 | −0.152% | $3.1M | $39.7M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Bybit SEIUSDT
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance 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 | 0.05924 | +0.068% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05917 | −0.051% | $34.5M | $27.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05915 | −0.084% | $6.1M | $14.3M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05920 | 0.000% | $9.2M | $16.9M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05920 | 0.000% | — | $33.2M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05925 | +0.084% | $116K | $563K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05945 | +0.416% | $209K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05940 | +0.338% | $108K | $674K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05930 | +0.169% | $23K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05920 | +0.007% | $75K | $471K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0144% | 1h | 0.05930 | +0.169% | $34K | $206K | 50x | as long as short |
| Kraken Futures PF_SEIUSDshort | +0.0180% | 1h | 0.05926 | +0.103% | $361K | $1.6M | 50x | |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05936 | +0.270% | $723K | $1.2M | 75x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0257% | 1h | 0.05923 | +0.051% | $10K | $72K | 25x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05923 | +0.045% | $113 | — | 20x | as long as short |
| dYdX SEI-USD | +0.0785% | 1h | 0.05916 | −0.072% | $101K | $2K | 5x | as long as short |
| Injective SEI/USDC PERP | +0.0974% | 1h | 0.05924 | +0.068% | $8K | $42K | 12x | as long as short |
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
Coinbase International SEI-PERP-INTX
BloFin SEI-USDT
Deribit SEI_USDC-PERPETUAL
Reya SEIRUSDPERP
dYdX SEI-USD
Injective SEI/USDC PERP