Funding you earn now, next payment 06:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.061%
Price spread now: Kraken Futures against Backpack−0.023%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$590.594% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.023%, 7d avg −0.030%
=The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.05933 | 0.0100 | pay 0.0013% / 1h | 34m 01s | $106K | $644K | 10x |
| Short | Kraken Futures PF_SEIUSD | 0.05932 | 0.0543 | get 0.0068% / 1h | 34m 01s | $366K | $1.6M | 50x |
Backpack SEI_USDC_PERP
Kraken Futures PF_SEIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $92.97
- Price spread: −0.023% → −0.030%
- $0.66
- Slippage, 4 orders
- −$39.44
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $34.2
- Costs to cover
- 0.594%
- Break-even
- 4.4 days
Slippage from Backpack: live order book, 15 min ago; Kraken Futures: 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, 15 min ago | 0.84 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 5.05 bp | 22.1 bp −$22 | 63.3 bp −$633 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0169% | 8h | 0.05944 | +0.178% | $319K | $175K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05934 | +0.011% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05931 | −0.034% | $374 | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0012% / S +0.0028% | 1h | 0.05933 | +0.008% | $3K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05935 | +0.034% | $270K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05935 | +0.032% | $3.4M | $5.0M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05935 | +0.032% | $310K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05928 | −0.084% | $14.2M | $127.2M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05924 | −0.152% | $14.1M | $34.6M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05923 | −0.169% | $3.4M | $36.9M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
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 | 0.05931 | −0.034% | $1.1M | $3.1M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05932 | −0.017% | $34.1M | $27.5M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05935 | +0.034% | $6.4M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05934 | +0.017% | $9.8M | $16.6M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05930 | −0.051% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.05933 | long leg | $106K | $644K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05946 | +0.220% | $211K | $2.2M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05950 | +0.287% | $101K | $673K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05931 | −0.034% | $2K | $100K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05936 | +0.051% | $22K | $4.0M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05923 | −0.170% | $78K | $565K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0280% | 1h | 0.05944 | +0.185% | $41K | $225K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05935 | +0.027% | $113 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0367% | 8h | 0.05966 | +0.556% | $736K | $1.4M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0410% | 1h | 0.05942 | +0.152% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSDshort | +0.0543% | 1h | 0.05932 | −0.023% | $366K | $1.6M | 50x | |
| dYdX SEI-USD | +0.1470% | 1h | 0.05943 | +0.169% | $101K | $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
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
dYdX SEI-USD