Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.068%

Price spread now: Coinbase International against Orderly+0.359%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.544%−$54 on $10k

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. Coinbase International is 0.359% dearer against Orderly than usual: you sell high and buy low (spread +0.359% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SEI_USDC	0.06127	0.0100	pay 0.0100% / 8h	4h 29m	$2K	$83K	20x
Short	Coinbase International SEI-PERP-INTX	0.06149	−0.0032	pay 0.0004% / 1h	29m 10s	$43K	$221K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.359%Rate

Funding earned: −$27.72
Price spread: +0.359% → 0.000%: $35.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.81
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 29 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 Coinbase International live order book, 29 min ago	15.58 bp	57.9 bp −$58	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	−0.0183%	8h	0.06099	−0.450%	$325K	$189K	—	as long as short
Coinbase International SEI-PERP-INTXshort	−0.0032%	1h	0.06149	+0.359%	$43K	$221K	50x
gTrade (Gains Network) SEI/USD	L −0.0006% / S +0.0006%	1h	0.06127	0.000%	—	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.06130	+0.049%	$10K	$72K	25x	as long as short
GMX SEI/USD [ETH-USDC]	L +0.0039% / S +0.0123%	1h	0.06126	−0.020%	$6K	—	100x	as long as short
Bybit SEIUSDT	+0.0084%	8h	0.06108	−0.310%	$14.6M	$36.2M	50x	as long as short
Lighter SEI	+0.0096%	1h	0.06125	−0.033%	$279K	$1.2M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06125	−0.036%	$3.5M	$5.5M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06130	+0.041%	$321K	$354K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06116	−0.180%	$15.2M	$130.4M	75x	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	0.06111	−0.261%	$3.5M	$40.5M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.06120	−0.114%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.06124	−0.049%	$35.4M	$28.6M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.06129	+0.033%	$6.6M	$14.5M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.06123	−0.065%	$10.1M	$16.8M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.06120	−0.114%	—	$31.4M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.06121	−0.098%	$109K	$613K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06109	−0.293%	$208K	$1.9M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06080	−0.767%	$109K	$667K	50x	as long as short
Orderly PERP_SEI_USDClong	+0.0100%	8h	0.06127	long leg	$2K	$83K	20x
SunX SEI-USDT	+0.0100%	8h	0.06118	−0.147%	$23K	$4.3M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06127	−0.002%	$78K	$552K	25x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.06123	−0.065%	$773K	$1.3M	75x	as long as short
Injective SEI/USDC PERP	+0.0267%	1h	0.06130	+0.049%	$9K	$43K	12x	as long as short
Kraken Futures PF_SEIUSD	+0.0309%	1h	0.06127	+0.008%	$382K	$1.5M	50x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.06128	+0.024%	$117	—	20x	as long as short
dYdX SEI-USD	+0.0577%	1h	0.06115	−0.197%	$104K	$2K	5x	as long as short