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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%
Price spread now: Hyperliquid against MEXC+0.283%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$320.320% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 7 days−0.253%−$25 · spread now +0.283%, 7d avg +0.022%
Together, before fees−0.087%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.261% dearer against MEXC than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SEI_USDT0.061400.0100pay 0.0100% / 8h5h 18m$36.7M$28.4M300x
ShortHyperliquid SEI0.061570.0100get 0.0013% / 1h18m 20s$3.5M$5.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.283% → +0.022%
$26.12
Slippage, 4 orders
−$23.05
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$5.92
Costs to cover
0.320%
Break-even
never at this rate
Slippage from MEXC: live order book, 6 min ago; Hyperliquid: live order book, 4 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 MEXC live order book, 6 min ago0.81 bp4.2 bp −$415.2 bp −$15253.8 bp −$5,38597.5 bp −$48.8K
Sell Hyperliquid live order book, 4 min ago1.95 bp14.3 bp −$14doesn'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
Variational Omni SEI−0.0136%8h0.06141+0.022%$334K$183Kas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.06139−0.011%150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.06136−0.065%$10K$72K25xas long as short
GMX SEI/USD [ETH-USDC]L +0.0006% / S +0.0176%1h0.06139−0.010%$7K100xas long as short
Lighter SEI+0.0096%1h0.06159+0.309%$276K$1.2M10xas long as short
Hyperliquid SEIshort+0.0100%1h0.06157+0.283%$3.5M$5.7M5x
Aster SEIUSDT+0.0100%8h0.06164+0.397%$322K$356K20xas long as short
Binance SEIUSDT+0.0100%8h0.06139−0.016%$15.3M$129.6M75xas long as short
Bybit SEIUSDT+0.0100%8h0.06133−0.114%$14.8M$36.1M50xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.06143+0.049%$3.5M$40.8M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SEI_USDT+0.0100%8h0.06143+0.049%$1.2M$3.5M75xas long as short
MEXC SEI_USDTlong+0.0100%8h0.06140long leg$36.7M$28.4M300x
KuCoin SEIUSDTM+0.0100%8h0.06155+0.244%$6.6M$14.4M75xas long as short
Bitget SEIUSDT+0.0100%8h0.06145+0.081%$9.9M$16.6M75xas long as short
BingX SEI-USDT+0.0100%8h0.06137−0.049%$31.3Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.06160+0.326%$115K$601K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.06155+0.250%$212K$1.7M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.06150+0.163%$111K$664K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.06143+0.049%$2K$96K20xas long as short
SunX SEI-USDT+0.0100%8h0.06143+0.049%$23K$4.3M30xas long as short
Extended SEI-USD+0.0104%1h0.06142+0.039%$78K$548K25xas long as short
Coinbase International SEI-PERP-INTX+0.0128%1h0.06120−0.326%$35K$212K50xas long as short
Injective SEI/USDC PERP+0.0156%1h0.06154+0.228%$9K$43K12xas long as short
BloFin SEI-USDT+0.0220%8h0.06155+0.244%$771K$1.2M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.06150+0.161%$11720xas long as short
Kraken Futures PF_SEIUSD+0.0463%1h0.06148+0.122%$382K$1.6M50xas long as short
dYdX SEI-USD+0.0689%1h0.06155+0.241%$105K$2K5xas long as short