Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.021%

Price spread now: Deribit against Variational Omni+0.118%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.118% dearer against Variational Omni than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SEI	0.05919	0.0037	pay 0.0037% / 8h	2h 40m	$315K	$240K	—
Short	Deribit SEI_USDC-PERPETUAL	0.05926	0	get 0.0000% / 1h	40m 06s	$20K	$62K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$7.69
Price spread: +0.118% → 0.000%: $11.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$2.91
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 49 min ago; Deribit: no order-book sample. 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 Variational Omni RFQ quote, 49 min ago	4.19 bp	doesn't fit	29.3 bp −$293	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
GMX SEI/USD [ETH-USDC]	L −0.0802% / S +0.0440%	1h	0.05925	+0.104%	$23K	—	100x	as long as short
Coinbase International SEI-PERP-INTX	−0.0056%	1h	0.05960	+0.692%	$33K	$210K	50x	as long as short
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.05926	+0.126%	$8K	—	150x	as long as short
Deribit SEI_USDC-PERPETUALshort	0.0000%	1h	0.05926	+0.118%	$20K	$62K	25x
Variational Omni SEIlong	+0.0037%	8h	0.05919	long leg	$315K	$240K	—
Lighter SEI	+0.0096%	1h	0.05926	+0.118%	$267K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0098%	8h	0.05925	+0.101%	$2K	$111K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05929	+0.175%	$3.4M	$6.6M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05927	+0.140%	$310K	$382K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05926	+0.118%	$13.9M	$128.4M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SEIUSDT	+0.0100%	8h	0.05920	+0.016%	$13.9M	$36.6M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05922	+0.050%	$3.0M	$40.3M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05927	+0.135%	$1.1M	$3.6M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05927	+0.135%	$29.6M	$26.7M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05926	+0.118%	$7.1M	$14.3M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05924	+0.084%	$9.3M	$17.3M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05923	+0.067%	—	$32.9M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05927	+0.135%	$118K	$566K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05934	+0.253%	$208K	$1.4M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05940	+0.354%	$108K	$668K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05934	+0.253%	$23K	$4.7M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05922	+0.058%	$75K	$477K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0214%	1h	0.05926	+0.109%	$376K	$1.7M	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05927	+0.135%	$718K	$1.3M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05923	+0.073%	$113	—	20x	as long as short
Injective SEI/USDC PERP	+0.0863%	1h	0.05952	+0.557%	$9K	$42K	12x	as long as short
dYdX SEI-USD	+0.1906%	1h	0.05927	+0.131%	$101K	$2K	5x	as long as short