Funding you earn now, next payment 04:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.001%
Price spread now: Bybit against Backpack−0.116%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.116%, 7d avg −0.103%
=The price spread sits at its 7-day average of −0.103%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.06026 | 0.0100 | pay 0.0013% / 1h | 59m 29s | $106K | $624K | 10x |
| Short | Bybit SEIUSDT | 0.06019 | 0.0035 | get 0.0035% / 8h | 3h 59m | $14.4M | $36.3M | 50x |
Backpack SEI_USDC_PERP
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$13.64
- Price spread: −0.116% → −0.103%
- −$1.35
- Slippage, 4 orders
- −$24.25
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.24
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 59 min ago; Bybit: live order book, 4 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, 59 min ago | 0.82 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.83 bp | 11.6 bp −$12 | 29.7 bp −$297 | 237.4 bp −$23.7K | 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 | −0.0205% | 8h | 0.06023 | −0.051% | $321K | $187K | — | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0032% | 1h | 0.06027 | +0.017% | $43K | $218K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06019 | −0.110% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06019 | −0.116% | $10K | $72K | 25x | as long as short |
| Bybit SEIUSDTshort | +0.0035% | 8h | 0.06019 | −0.116% | $14.4M | $36.3M | 50x | |
| GMX SEI/USD [ETH-USDC] | L +0.0041% / S +0.0104% | 1h | 0.06017 | −0.153% | $6K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06029 | +0.050% | $269K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06025 | −0.013% | $3.5M | $5.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06028 | +0.039% | $315K | $349K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06025 | −0.016% | $14.8M | $130.4M | 75x | as long as short |
Variational Omni SEI
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06019 | −0.116% | $3.4M | $40.0M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06026 | 0.000% | $1.1M | $3.1M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06023 | −0.050% | $35.0M | $28.4M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06025 | −0.017% | $6.5M | $14.6M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06028 | +0.033% | $9.9M | $16.7M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06024 | −0.033% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.06026 | long leg | $106K | $624K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06031 | +0.081% | $204K | $2.0M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06040 | +0.232% | $109K | $668K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06018 | −0.133% | $2K | $53K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06026 | 0.000% | $22K | $4.2M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06026 | +0.006% | $76K | $551K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06022 | −0.066% | $767K | $1.3M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0267% | 1h | 0.06030 | +0.066% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0314% | 1h | 0.06024 | −0.029% | $370K | $1.5M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06022 | −0.074% | $115 | — | 20x | as long as short |
| dYdX SEI-USD | +0.1122% | 1h | 0.06029 | +0.047% | $103K | $2K | 5x | as long as short |
OKX SEI-USDT-SWAP
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
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
dYdX SEI-USD