Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against Orderly+0.163%7-day average +0.065% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.163%, 7d avg +0.065%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.099% dearer against Orderly than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SEI_USDC | 0.06130 | 0.0100 | pay 0.0100% / 8h | 4h 55m | $2K | $82K | 20x |
| Short | Backpack SEI_USDC_PERP | 0.06140 | 0.0100 | get 0.0013% / 1h | 55m 32s | $110K | $606K | 10x |
Orderly PERP_SEI_USDC
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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
- $0
- Price spread: +0.163% → +0.065%
- $9.86
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$6.14
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 3 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 3 min ago | 0.82 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0180% | 8h | 0.06122 | −0.123% | $332K | $184K | — | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0032% | 1h | 0.06090 | −0.653% | $43K | $221K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06130 | −0.006% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06137 | +0.114% | $10K | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0035% / S +0.0156% | 1h | 0.06129 | −0.010% | $6K | — | 100x | as long as short |
| dYdX SEI-USD | +0.0067% | 1h | 0.06131 | +0.017% | $105K | $2K | 5x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06131 | +0.016% | $279K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06132 | +0.029% | $3.5M | $5.7M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06130 | +0.007% | $321K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06135 | +0.077% | $15.2M | $130.2M | 75x | as long as short |
Variational Omni SEI
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
dYdX SEI-USD
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SEIUSDT | +0.0100% | 8h | 0.06125 | −0.082% | $14.7M | $36.1M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06138 | +0.131% | $3.5M | $40.8M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06131 | +0.016% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06132 | +0.033% | $36.1M | $28.3M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06127 | −0.049% | $6.5M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06142 | +0.196% | $10.0M | $16.7M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06137 | +0.114% | — | $31.3M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.06140 | +0.163% | $110K | $606K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06122 | −0.131% | $216K | $1.8M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06090 | −0.653% | $107K | $666K | 50x | as long as short |
| Orderly PERP_SEI_USDClong | +0.0100% | 8h | 0.06130 | long leg | $2K | $82K | 20x | |
| SunX SEI-USDT | +0.0100% | 8h | 0.06138 | +0.131% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06140 | +0.157% | $79K | $550K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06110 | −0.326% | $785K | $1.3M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0267% | 1h | 0.06102 | −0.457% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0309% | 1h | 0.06137 | +0.115% | $380K | $1.6M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06128 | −0.040% | $117 | — | 20x | as long as short |
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP