Settings8H · net · $10k
Funding arb · Price arb /

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.041%
Price spread now: Hyperliquid against BingX+0.037%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$440.443% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.037%+$4 on $10k
Price spread, last 7 days+0.007%+$1 · spread now +0.037%, 7d avg +0.036%
Together, before fees+0.044%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SEI-USDT0.059280.0100pay 0.0100% / 8h2h 32m$32.9M
ShortHyperliquid SEI0.059300.0100get 0.0013% / 1h32m 07s$3.4M$6.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.037% → +0.036%
$0.14
Slippage, 4 orders
−$25.26
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$44.12
Costs to cover
0.443%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago2.53 bp12.1 bp −$1222.4 bp −$22473.0 bp −$7,298378.9 bp −$189.5K
Sell Hyperliquid live order book, 10 min ago0.51 bp9.0 bp −$9doesn't fitdoesn't fitdoesn't fit

SEI on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX SEI/USD [ETH-USDC]L −0.0802% / S +0.0440%1h0.05931+0.049%$23K100xas long as short
Coinbase International SEI-PERP-INTX−0.0056%1h0.05960+0.540%$33K$210K50xas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05931+0.056%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05929+0.017%$20K$62K25xas long as short
Variational Omni SEI+0.0036%8h0.05924−0.063%$315K$240Kas long as short
Lighter SEI+0.0096%1h0.05930+0.034%$267K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0098%8h0.059280.000%$2K$111K20xas long as short
Hyperliquid SEIshort+0.0100%1h0.05930+0.037%$3.4M$6.6M5x
Aster SEIUSDT+0.0100%8h0.05930+0.034%$310K$371K20xas long as short
Binance SEIUSDT+0.0100%8h0.05933+0.084%$13.8M$128.3M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SEIUSDT+0.0100%8h0.059280.000%$13.9M$36.5M50xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05930+0.034%$3.0M$40.3M50xas long as short
Gate SEI_USDT+0.0100%8h0.05930+0.034%$1.1M$3.6M75xas long as short
MEXC SEI_USDT+0.0100%8h0.059280.000%$29.5M$26.8M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05932+0.067%$7.1M$14.3M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05926−0.034%$9.3M$17.2M75xas long as short
BingX SEI-USDTlong+0.0100%8h0.05928long leg$32.9M
Backpack SEI_USDC_PERP+0.0100%1h0.05929+0.017%$118K$564K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05938+0.169%$200K$1.4M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05940+0.202%$108K$669K50xas long as short
SunX SEI-USDT+0.0100%8h0.05942+0.236%$22K$4.7M30xas long as short
Extended SEI-USD+0.0104%1h0.05927−0.019%$75K$477K25xas long as short
Kraken Futures PF_SEIUSD+0.0213%1h0.05928+0.005%$376K$1.7M50xas long as short
BloFin SEI-USDT+0.0220%8h0.05936+0.135%$715K$1.3M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05932+0.072%$11320xas long as short
Injective SEI/USDC PERP+0.0863%1h0.05969+0.692%$9K$42K12xas long as short
dYdX SEI-USD+0.1979%1h0.05935+0.117%$101K$2K5xas long as short