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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.058%
Price spread now: Hyperliquid against Variational Omni+1.366%7-day average +0.134% · you sell dearer than you buy
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 3 days (all we have)+0.084%+$8 on $10k
Price spread, last 3 days (all we have)−1.408%−$141 · spread now +1.366%, 7d avg +0.134%
Together, before fees−1.324%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$132 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 1.232% dearer against Variational Omni than usual: you sell high and buy low: +$123 more if the spread goes back to its 7-day average of +0.134%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SEI0.05902−0.0127get 0.0127% / 8h6h 51m$316K$210K
ShortHyperliquid SEI0.059820.0100get 0.0013% / 1h51m 59s$3.5M$6.4M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$47.57
Price spread: +1.366% → +0.134%
$123.2
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$161.78
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 17 min ago; Hyperliquid: live order book, 10 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, 17 min ago4.17 bpdoesn't fit34.2 bp −$342doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.34 bp11.5 bp −$11doesn'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 −0.0815% / S +0.0444%1h0.05979+1.312%$23K100xas long as short
Variational Omni SEIlong−0.0127%8h0.05902long leg$316K$210K
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05982+1.363%$11K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05980+1.329%$10K$72K25xas long as short
Coinbase International SEI-PERP-INTX+0.0048%1h0.05949+0.803%$34K$207K50xas long as short
Bybit SEIUSDT+0.0095%8h0.05981+1.346%$14.2M$36.2M50xas long as short
Lighter SEI+0.0096%1h0.05979+1.312%$272K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05981+1.346%$2K$110K20xas long as short
Hyperliquid SEIshort+0.0100%1h0.05982+1.366%$3.5M$6.4M5x
Aster SEIUSDT+0.0100%8h0.05982+1.365%$313K$354K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SEIUSDT+0.0100%8h0.05985+1.413%$14.3M$129.2M75xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05981+1.346%$3.2M$40.4M50xas long as short
Gate SEI_USDT+0.0100%8h0.05977+1.278%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05985+1.413%$35.4M$28.3M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05984+1.396%$6.4M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05984+1.396%$9.5M$17.0M75xas long as short
BingX SEI-USDT+0.0100%8h0.05980+1.329%$31.6Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05982+1.363%$118K$567K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05914+0.205%$202K$1.6M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05940+0.651%$108K$677K50xas long as short
SunX SEI-USDT+0.0100%8h0.05986+1.430%$22K$4.5M30xas long as short
Extended SEI-USD+0.0104%1h0.05982+1.366%$76K$540K25xas long as short
BloFin SEI-USDT+0.0220%8h0.05969+1.142%$733K$1.1M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05978+1.292%$11420xas long as short
Kraken Futures PF_SEIUSD+0.0375%1h0.05980+1.332%$380K$1.6M50xas long as short
dYdX SEI-USD+0.0769%1h0.05978+1.287%$102K$2K5xas long as short
Injective SEI/USDC PERP+0.0844%1h0.05956+0.922%$9K$43K12xas long as short