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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bitget+0.034%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$400.402% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.034%, 7d avg +0.009%
Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.025% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SEIUSDT0.058730.0100pay 0.0100% / 8h1h 26m$9.2M$16.9M75x
ShortLighter SEI0.058750.0096get 0.0012% / 1h26m 18s$265K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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
−$0.84
Price spread: +0.034% → +0.009%
$2.5
Slippage, 4 orders
−$28.22
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$38.56
Costs to cover
0.402%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 5 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 Bitget live order book, 2 min ago0.85 bp10.8 bp −$1124.6 bp −$246107.4 bp −$10.7Kdoesn't fit
Sell Lighter live order book, 5 min ago3.40 bp8.4 bp −$836.1 bp −$361doesn'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%1h0.05873−0.002%$23K100xas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05874+0.017%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05875+0.034%$19K$62K25xas long as short
Variational Omni SEI+0.0014%8h0.05881+0.132%$314K$228Kas long as short
Lighter SEIshort+0.0096%1h0.05875+0.034%$265K$1.2M10x
Orderly PERP_SEI_USDC+0.0099%8h0.058730.000%$2K$110K20xas long as short
Hyperliquid SEI+0.0100%1h0.05876+0.058%$3.4M$6.5M5xas long as short
Aster SEIUSDT+0.0100%8h0.05876+0.049%$307K$368K20xas long as short
Binance SEIUSDT+0.0100%8h0.05875+0.034%$13.6M$126.0M75xas long as short
Bybit SEIUSDT+0.0100%8h0.05869−0.068%$13.8M$36.1M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05867−0.102%$3.0M$39.6M50xas long as short
Gate SEI_USDT+0.0100%8h0.05870−0.051%$1.1M$3.5M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05874+0.017%$28.7M$26.1M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05874+0.017%$6.7M$14.2M75xas long as short
Bitget SEIUSDTlong+0.0100%8h0.05873long leg$9.2M$16.9M75x
BingX SEI-USDT+0.0100%8h0.05872−0.017%$33.2Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05877+0.068%$118K$562K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05880+0.124%$208K$1.5M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05880+0.119%$107K$665K50xas long as short
SunX SEI-USDT+0.0100%8h0.05883+0.170%$22K$4.6M30xas long as short
Extended SEI-USD+0.0104%1h0.05870−0.043%$75K$476K25xas long as short
Kraken Futures PF_SEIUSD+0.0190%1h0.05878+0.078%$371K$1.6M50xas long as short
Coinbase International SEI-PERP-INTX+0.0192%1h0.05960+1.481%$33K$209K50xas long as short
BloFin SEI-USDT+0.0220%8h0.05881+0.136%$700K$1.2M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05872−0.009%$11220xas long as short
Injective SEI/USDC PERP+0.0864%1h0.05861−0.204%$8K$42K12xas long as short
dYdX SEI-USD+0.2645%1h0.05876+0.053%$100K$2K5xas long as short