Funding you earn now, next payment 00:00 UTC+0.1053%/8h= +115.3% APRnext payment +$1.32 per $10,000 · paid last 24h −0.097%
Price spread now: Injective against Backpack−0.202%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.139%−$214 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.202% cheaper against Backpack than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 15 hours of funding at the current rate (+$32 a day). Mind the row above: over the last 7 days funding on this pair cost −2.139%, so the current rate has only just turned in your favour. The two prices were read 48 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 | 0.05944 | 0.0100 | pay 0.0013% / 1h | 1m 18s | $117K | $566K | 10x |
| Short | Injective SEI/USDC PERP | 0.05932 | 0.1153 | get 0.0144% / 1h | 1m 18s | $9K | $43K | 12x |
Backpack SEI_USDC_PERP
Injective SEI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $221.18
- Price spread: −0.202% → 0.000%
- −$20.19
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $190.97
- Costs to cover
- 0.100%
- Break-even
- 1.0 days
Slippage unknown: Backpack: live order book, 12 min ago; Injective: no order-book sample. Net counts fees only.
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, 12 min ago | 0.85 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.05939 | −0.086% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0097% | 8h | 0.05931 | −0.224% | $317K | $222K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05937 | −0.118% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05944 | 0.000% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05944 | 0.000% | $266K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05942 | −0.034% | $1K | $110K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05948 | +0.064% | $3.5M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05944 | +0.003% | $311K | $361K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05938 | −0.093% | $14.5M | $127.8M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05934 | −0.168% | $14.1M | $36.1M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit 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 | 0.05937 | −0.118% | $3.1M | $40.0M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05941 | −0.050% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05942 | −0.034% | $34.7M | $27.3M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05938 | −0.101% | $6.1M | $14.3M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05942 | −0.034% | $9.3M | $17.0M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05936 | −0.135% | — | $33.2M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.05944 | long leg | $117K | $566K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05937 | −0.124% | $209K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05940 | −0.067% | $108K | $673K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05948 | +0.067% | $23K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05941 | −0.057% | $75K | $476K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05943 | −0.017% | $723K | $1.2M | 75x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0323% | 1h | 0.05944 | +0.006% | $363K | $1.6M | 50x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0328% | 1h | 0.05940 | −0.067% | $33K | $206K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05939 | −0.086% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERPshort | +0.1153% | 1h | 0.05932 | −0.202% | $9K | $43K | 12x | |
| dYdX SEI-USD | +0.1731% | 1h | 0.05939 | −0.084% | $101K | $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
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Kraken Futures PF_SEIUSD
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
dYdX SEI-USD