Funding you earn now, next payment 21:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.075%
Price spread now: Coinbase International against Backpack+0.118%7-day average −0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$700.704% of the position
Funding, last 7 days−0.632%−$63 on $10k
+Price spread, last 3 days (all we have)−0.222%−$22 · spread now +0.118%, 7d avg −0.125%
=The price spread pays, funding is against you. Coinbase International is 0.243% dearer against Backpack than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.125%): +$24 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.05953 | 0.0100 | pay 0.0013% / 1h | 24m 40s | $119K | $564K | 10x |
| Short | Coinbase International SEI-PERP-INTX | 0.05960 | −0.0056 | pay 0.0007% / 1h | 24m 40s | $33K | $210K | 50x |
Backpack SEI_USDC_PERP
Coinbase International SEI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$32.76
- Price spread: +0.118% → −0.125%
- $24.31
- Slippage, 4 orders
- −$50.36
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$78.81
- Costs to cover
- 0.704%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 64 min ago; Coinbase International: live order book, 63 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, 64 min ago | 0.84 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 63 min ago | 14.22 bp | 28.5 bp −$29 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05944 | −0.146% | $23K | — | 100x | as long as short |
| Coinbase International SEI-PERP-INTXshort | −0.0056% | 1h | 0.05960 | +0.118% | $33K | $210K | 50x | |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05944 | −0.145% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05947 | −0.101% | $20K | $62K | 25x | as long as short |
| Variational Omni SEI | +0.0030% | 8h | 0.05945 | −0.138% | $315K | $240K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05956 | +0.050% | $268K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0098% | 8h | 0.05948 | −0.084% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05960 | +0.126% | $3.5M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05951 | −0.040% | $311K | $371K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05955 | +0.034% | $13.9M | $128.3M | 75x | as long as short |
GMX SEI/USD [ETH-USDC]
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SEIUSDT | +0.0100% | 8h | 0.05946 | −0.118% | $14.0M | $36.5M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05949 | −0.067% | $3.0M | $40.5M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05950 | −0.050% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05951 | −0.034% | $29.6M | $26.8M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05957 | +0.067% | $7.1M | $14.2M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05951 | −0.034% | $9.4M | $17.2M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05952 | −0.017% | — | $33.0M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.05953 | long leg | $119K | $564K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05942 | −0.177% | $211K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05930 | −0.386% | $108K | $670K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05955 | +0.034% | $23K | $4.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05956 | +0.050% | $75K | $477K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0213% | 1h | 0.05949 | −0.064% | $378K | $1.7M | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05950 | −0.050% | $711K | $1.3M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05941 | −0.204% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0863% | 1h | 0.05963 | +0.168% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.2151% | 1h | 0.05951 | −0.026% | $102K | $2K | 5x | as long as short |
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Kraken Futures PF_SEIUSD
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD