Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.041%

Price spread now: Deribit against Binance+0.203%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.203% dearer against Binance than usual: you sell high and buy low (spread +0.203% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SEIUSDT	0.05902	0.0100	pay 0.0100% / 8h	2h 06m	$13.7M	$127.2M	75x
Short	Deribit SEI_USDC-PERPETUAL	0.05914	0	get 0.0000% / 1h	6m 51s	$20K	$62K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee DeribitbpOrdersPrice spread, now +0.203%Rate

Funding earned: −$21
Price spread: +0.203% → 0.000%: $20.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$17.67
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Binance: live order book, 6 min ago; Deribit: 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 Binance live order book, 6 min ago	0.85 bp	11.7 bp −$12	24.0 bp −$240	120.9 bp −$12.1K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	0.05912	+0.171%	$23K	—	100x	as long as short
Coinbase International SEI-PERP-INTX	−0.0056%	1h	0.05960	+0.983%	$33K	$209K	50x	as long as short
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.05914	+0.207%	$8K	—	150x	as long as short
Deribit SEI_USDC-PERPETUALshort	0.0000%	1h	0.05914	+0.203%	$20K	$62K	25x
Variational Omni SEI	+0.0018%	8h	0.05885	−0.282%	$312K	$240K	—	as long as short
Lighter SEI	+0.0096%	1h	0.05905	+0.051%	$266K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0099%	8h	0.05912	+0.169%	$2K	$111K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05908	+0.107%	$3.4M	$6.6M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05914	+0.209%	$309K	$368K	20x	as long as short
Binance SEIUSDTlong	+0.0100%	8h	0.05902	long leg	$13.7M	$127.2M	75x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SEIUSDT	+0.0100%	8h	0.05899	−0.051%	$13.9M	$36.2M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05901	−0.017%	$3.0M	$39.9M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05910	+0.136%	$1.1M	$3.6M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05908	+0.102%	$29.1M	$26.9M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05907	+0.085%	$6.9M	$14.2M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05905	+0.051%	$9.3M	$17.1M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05906	+0.068%	—	$32.9M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05914	+0.203%	$118K	$561K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05915	+0.220%	$210K	$1.4M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05910	+0.136%	$108K	$667K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05924	+0.373%	$22K	$4.7M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05904	+0.038%	$75K	$476K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0214%	1h	0.05912	+0.177%	$374K	$1.6M	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05911	+0.152%	$710K	$1.2M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05912	+0.176%	$113	—	20x	as long as short
Injective SEI/USDC PERP	+0.0863%	1h	0.05911	+0.152%	$8K	$42K	12x	as long as short
dYdX SEI-USD	+0.2246%	1h	0.05903	+0.012%	$101K	$2K	5x	as long as short