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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%
Price spread now: Hyperliquid against SunX+0.059%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$640.637% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.104%+$10 on $10k
Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.059%, 7d avg −0.073%
Together, before fees−0.016%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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 0.132% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.073%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SEI-USDT0.058840.0100pay 0.0100% / 8h1h 24m$22K$4.6M30x
ShortHyperliquid SEI0.058870.0100get 0.0013% / 1h24m 31s$3.4M$6.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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: +0.059% → −0.073%
$13.2
Slippage, 4 orders
−$46.69
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$50.49
Costs to cover
0.637%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; Hyperliquid: live order book, 8 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 SunX live order book, 4 min ago15.32 bp22.8 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago1.27 bp9.2 bp −$9doesn'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
GMX SEI/USD [ETH-USDC]L −0.0802% / S +0.0440%1h0.058840.000%$23K100xas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05883−0.017%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05886+0.034%$20K$62K25xas long as short
Variational Omni SEI+0.0011%8h0.05868−0.276%$310K$232Kas long as short
Lighter SEI+0.0096%1h0.05888+0.068%$265K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0099%8h0.058840.000%$2K$110K20xas long as short
Hyperliquid SEIshort+0.0100%1h0.05887+0.059%$3.4M$6.5M5x
Aster SEIUSDT+0.0100%8h0.05888+0.064%$308K$368K20xas long as short
Binance SEIUSDT+0.0100%8h0.05883−0.012%$13.7M$125.9M75xas long as short
Bybit SEIUSDT+0.0100%8h0.05876−0.136%$13.8M$36.1M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05878−0.102%$3.0M$39.7M50xas long as short
Gate SEI_USDT+0.0100%8h0.05881−0.051%$1.1M$3.5M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05885+0.017%$28.7M$26.1M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05885+0.017%$6.7M$14.2M75xas long as short
Bitget SEIUSDT+0.0100%8h0.058840.000%$9.3M$16.9M75xas long as short
BingX SEI-USDT+0.0100%8h0.05881−0.051%$33.2Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05885+0.017%$118K$563K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05880−0.063%$208K$1.5M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05880−0.068%$107K$665K50xas long as short
SunX SEI-USDTlong+0.0100%8h0.05884long leg$22K$4.6M30x
Extended SEI-USD+0.0104%1h0.05881−0.044%$75K$476K25xas long as short
Kraken Futures PF_SEIUSD+0.0190%1h0.05887+0.052%$372K$1.6M50xas long as short
Coinbase International SEI-PERP-INTX+0.0192%1h0.05960+1.292%$33K$209K50xas long as short
BloFin SEI-USDT+0.0220%8h0.05887+0.051%$700K$1.2M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05880−0.068%$11220xas long as short
Injective SEI/USDC PERP+0.0864%1h0.05864−0.340%$8K$42K12xas long as short
dYdX SEI-USD+0.2645%1h0.05884+0.004%$100K$2K5xas long as short