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

SEI

all SEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Backpack against ApeX Omni−0.116%7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$960.959% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.046%+$5 on $10k
Price spread, last 3 days (all we have)+0.122%+$12 · spread now −0.116%, 7d avg +0.069%
Together, before fees+0.168%+$17 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: Backpack is 0.186% cheaper against ApeX Omni than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.069%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SEIUSDT0.060100.0100pay 0.0013% / 1h6m 41s$109K$675K50x
ShortBackpack SEI_USDC_PERP0.060030.0100get 0.0013% / 1h6m 41s$119K$561K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against ApeX 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
$0
Price spread: −0.116% → +0.069%
−$18.57
Slippage, 4 orders
−$75.94
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$114.51
Costs to cover
0.959%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 67 min ago; Backpack: live order book, 2 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 ApeX Omni live order book, 67 min ago16.89 bp37.7 bp −$38166.1 bp −$1,661doesn't fitdoesn't fit
Sell Backpack live order book, 2 min ago0.83 bp12.1 bp −$12doesn'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%1h0.06000−0.163%$23K100xas long as short
Variational Omni SEI−0.0109%8h0.05975−0.590%$320K$210Kas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.06000−0.172%150xas long as short
Deribit SEI_USDC-PERPETUAL+0.0083%1h0.06008−0.033%$10K$72K25xas long as short
Lighter SEI+0.0096%1h0.05999−0.183%$273K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.06004−0.100%$2K$110K20xas long as short
Hyperliquid SEI+0.0100%1h0.06001−0.158%$3.5M$6.3M5xas long as short
Aster SEIUSDT+0.0100%8h0.06002−0.140%$314K$336K20xas long as short
Binance SEIUSDT+0.0100%8h0.05990−0.326%$14.3M$128.1M75xas long as short
Bybit SEIUSDT+0.0100%8h0.05977−0.549%$14.1M$35.9M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05978−0.532%$3.2M$39.8M50xas long as short
Gate SEI_USDT+0.0100%8h0.06001−0.150%$1.1M$3.5M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05984−0.433%$35.7M$28.8M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05997−0.216%$6.2M$14.4M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05999−0.183%$9.4M$16.8M75xas long as short
BingX SEI-USDT+0.0100%8h0.05994−0.266%$33.4Mas long as short
Backpack SEI_USDC_PERPshort+0.0100%1h0.06003−0.116%$119K$561K10x
GRVT SEI_USDT_Perp+0.0100%8h0.06008−0.031%$213K$1.6M10xas long as short
ApeX Omni SEIUSDTlong+0.0100%1h0.06010long leg$109K$675K50x
SunX SEI-USDT+0.0100%8h0.06003−0.116%$23K$4.5M30xas long as short
Extended SEI-USD+0.0104%1h0.05994−0.270%$77K$540K25xas long as short
Coinbase International SEI-PERP-INTX+0.0144%1h0.06015+0.083%$34K$208K50xas long as short
Kraken Futures PF_SEIUSD+0.0178%1h0.06004−0.095%$371K$1.6M50xas long as short
BloFin SEI-USDT+0.0220%8h0.06004−0.100%$730K$1.3M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05998−0.207%$11420xas long as short
Injective SEI/USDC PERP+0.0974%1h0.05989−0.349%$9K$43K12xas long as short
dYdX SEI-USD+0.1011%1h0.05991−0.317%$102K$2K5xas long as short