Funding you earn now, next payment 03:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h +0.035%
Price spread now: BloFin against Backpack+0.066%66s7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.066%, 7d avg −0.040%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.106% dearer against Backpack than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.06098 | 0.0143 | pay 0.0018% / 1h | 33m 42s | $121K | $596K | 10x |
| Short | BloFin SEI-USDT | 0.06102 | 0.0220 | get 0.0220% / 8h | 5h 33m | $741K | $1.2M | 75x |
Backpack SEI_USDC_PERP
BloFin SEI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $16.22
- Price spread: +0.066% → −0.040%
- $10.58
- Slippage, 4 orders
- −$20.61
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$15.81
- Costs to cover
- 0.426%
- Break-even
- 13.8 days
Slippage from Backpack: live order book, 30 min ago; BloFin: live order book, 9 min ago.
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 Backpack live order book, 30 min ago | 0.83 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 2.48 bp | 15.8 bp −$16 | 29.4 bp −$294 | 95.0 bp −$9,503 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0110% | 8h | 0.06082 | −0.257% | $325K | $177K | — | as long as short |
| GMX SEI/USD [ETH-USDC] | L −0.0012% / S +0.0190% | 1h | 0.06093 | −0.085% | $6K | — | 100x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06094 | −0.066% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06095 | −0.049% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06099 | +0.016% | $275K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06101 | +0.056% | $3.5M | $5.8M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06106 | +0.124% | $319K | $356K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06098 | −0.007% | $14.7M | $128.8M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06093 | −0.082% | $14.6M | $35.9M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06093 | −0.082% | $3.3M | $40.2M | 50x | as long as short |
Variational Omni SEI
GMX SEI/USD [ETH-USDC]
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06102 | +0.066% | $1.2M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06102 | +0.066% | $35.4M | $27.9M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06102 | +0.066% | $6.5M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06099 | +0.016% | $9.6M | $16.6M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06095 | −0.049% | — | $31.3M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06064 | −0.551% | $214K | $1.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06060 | −0.623% | $110K | $667K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06095 | −0.049% | $2K | $97K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06101 | +0.049% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06095 | −0.049% | $79K | $546K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0128% | 1h | 0.05977 | −1.984% | $34K | $207K | 50x | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0143% | 1h | 0.06098 | long leg | $121K | $596K | 10x | |
| Injective SEI/USDC PERP | +0.0156% | 1h | 0.06083 | −0.246% | $9K | $43K | 12x | as long as short |
| BloFin SEI-USDTshort | +0.0220% | 8h | 0.06102 | +0.066% | $741K | $1.2M | 75x | |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06092 | −0.104% | $116 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0467% | 1h | 0.06098 | +0.004% | $381K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.0899% | 1h | 0.06098 | −0.003% | $104K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
Injective SEI/USDC PERP
Reya SEIRUSDPERP
Kraken Futures PF_SEIUSD
dYdX SEI-USD