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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0309%/8h= +33.8% APRnext payment +$3.09 per $10,000 · paid last 24h +0.031%
Price spread now: Bitget against Variational Omni−0.166%7-day average +0.101% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.040%+$4 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.166%, 7d avg +0.101%
Together, before fees+0.066%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.267% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of +0.101%). If the spread goes back, that is −$27 on $10k: about 2.9 days of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.040% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.040% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SEI0.05990−0.0209get 0.0209% / 8h3h 33m$319K$187K
ShortBitget SEIUSDT0.059800.0100get 0.0100% / 8h3h 33m$9.9M$16.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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

Funding earned
$64.8
Price spread: −0.166% → +0.101%
−$26.72
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
$26.08
Costs to cover
0.120%
Break-even
4.2 days
Slippage unknown: Variational Omni: RFQ quote, 20 min ago; Bitget: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 20 min ago4.16 bpdoesn't fit37.4 bp −$374doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago0.83 bp13.7 bp −$1431.7 bp −$317109.2 bp −$10.9Kdoesn'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 SEIlong−0.0209%8h0.05990long leg$319K$187K
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.05985−0.079%150xas long as short
Bybit SEIUSDT+0.0031%8h0.05971−0.316%$14.3M$36.2M50xas long as short
GMX SEI/USD [ETH-USDC]L +0.0044% / S +0.0079%1h0.05985−0.089%$6K100xas long as short
Deribit SEI_USDC-PERPETUAL+0.0084%1h0.05986−0.066%$10K$72K25xas long as short
Lighter SEI+0.0096%1h0.05987−0.049%$266K$1.2M10xas long as short
Hyperliquid SEI+0.0100%1h0.05980−0.163%$3.4M$5.3M5xas long as short
Aster SEIUSDT+0.0100%8h0.059900.000%$313K$349K20xas long as short
Binance SEIUSDT+0.0100%8h0.05980−0.161%$14.7M$129.8M75xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05975−0.250%$3.4M$39.3M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SEI_USDT+0.0100%8h0.05978−0.200%$1.1M$3.1M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05979−0.183%$34.7M$28.6M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05988−0.033%$6.5M$14.6M75xas long as short
Bitget SEIUSDTshort+0.0100%8h0.05980−0.166%$9.9M$16.7M75x
BingX SEI-USDT+0.0100%8h0.05979−0.183%$31.3Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05987−0.049%$105K$631K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05991+0.010%$202K$2.1M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.06000+0.168%$103K$669K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05984−0.099%$2K$53K20xas long as short
SunX SEI-USDT+0.0100%8h0.05995+0.084%$22K$4.2M30xas long as short
Extended SEI-USD+0.0104%1h0.05978−0.203%$76K$547K25xas long as short
Coinbase International SEI-PERP-INTX+0.0200%1h0.05994+0.068%$43K$218K50xas long as short
BloFin SEI-USDT+0.0220%8h0.05997+0.118%$755K$1.3M75xas long as short
Kraken Futures PF_SEIUSD+0.0259%1h0.05986−0.058%$374K$1.5M50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05989−0.024%$11420xas long as short
Injective SEI/USDC PERP+0.0510%1h0.06006+0.268%$9K$43K12xas long as short
dYdX SEI-USD+0.1541%1h0.05993+0.051%$102K$2K5xas long as short