Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h +0.053%

Price spread now: GMX against MEXC+0.043%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.043% dearer against MEXC than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SEI_USDT	0.05985	0.0100	pay 0.0100% / 8h	7h 11m	$35.8M	$28.7M	300x
Short	GMX SEI/USD [ETH-USDC]	0.05988	L −0.0802% / S +0.0440%	pay 0.0055% / 1h	11m 59s	$23K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee GMXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$113.4
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$121.06
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

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 MEXC live order book, 2 min ago	0.83 bp	4.8 bp −$5	9.0 bp −$90	33.2 bp −$3,315	81.7 bp −$40.9K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −0.0802% / S +0.0440%	1h	0.05988	+0.043%	$23K	—	100x
Variational Omni SEI	−0.0109%	8h	0.05984	−0.024%	$320K	$210K	—	as long as short
gTrade (Gains Network) SEI/USD	L −0.0006% / S +0.0006%	1h	0.05988	+0.045%	—	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.05987	+0.033%	$10K	$72K	25x	as long as short
Lighter SEI	+0.0096%	1h	0.05989	+0.067%	$272K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.05986	+0.017%	$2K	$110K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05990	+0.079%	$3.5M	$6.3M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05986	+0.022%	$313K	$349K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05985	0.000%	$14.4M	$127.9M	75x	as long as short
Bybit SEIUSDT	+0.0100%	8h	0.05978	−0.117%	$14.1M	$35.9M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05984	−0.017%	$3.2M	$39.9M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05982	−0.050%	$1.1M	$3.5M	75x	as long as short
MEXC SEI_USDTlong	+0.0100%	8h	0.05985	long leg	$35.8M	$28.7M	300x
KuCoin SEIUSDTM	+0.0100%	8h	0.05984	−0.017%	$6.2M	$14.4M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05985	0.000%	$9.4M	$16.8M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05983	−0.033%	—	$33.4M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05985	0.000%	$118K	$561K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06002	+0.290%	$212K	$1.6M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05990	+0.084%	$109K	$674K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05991	+0.100%	$22K	$4.5M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05981	−0.060%	$77K	$542K	25x	as long as short
Coinbase International SEI-PERP-INTX	+0.0144%	1h	0.05989	+0.067%	$34K	$207K	50x	as long as short
Kraken Futures PF_SEIUSD	+0.0178%	1h	0.05989	+0.067%	$371K	$1.6M	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05988	+0.050%	$725K	$1.3M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05984	−0.024%	$114	—	20x	as long as short
Injective SEI/USDC PERP	+0.0974%	1h	0.05984	−0.017%	$9K	$43K	12x	as long as short
dYdX SEI-USD	+0.1022%	1h	0.05985	+0.001%	$102K	$2K	5x	as long as short