SEI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0255%/8h= +27.9% APRnext payment +$0.32 per $10,000 · paid last 24h +0.120%

Price spread now: Kraken Futures against Coinbase International−0.133%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1671.670% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.801%+$80 on $10k

Price spread, last 4 days (all we have)+0.406%+$41 · spread now −0.133%, 7d avg +0.087%

Together, before fees+1.207%+$121 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.220% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of +0.087%). If the spread goes back, that is −$22 on $10k: about 2.9 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SEI-PERP-INTX	0.06024	0.0280	pay 0.0035% / 1h	2m 44s	$43K	$231K	50x
Short	Kraken Futures PF_SEIUSD	0.06016	0.0535	get 0.0067% / 1h	2m 44s	$362K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.133%Rate

Funding earned: $53.58
Price spread: −0.133% → +0.087%: −$22.01
Slippage, 4 orders: −$147
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$135.44
Costs to cover: 1.670%
Break-even: 24.7 days

Slippage from Coinbase International: live order book, 45 min ago; Kraken Futures: live order book, 1 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 Coinbase International live order book, 45 min ago	15.97 bp	70.8 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	3.32 bp	16.1 bp −$16	46.3 bp −$463	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	−0.0132%	8h	0.06013	−0.183%	$317K	$180K	—	as long as short
gTrade (Gains Network) SEI/USD	L −0.0006% / S +0.0006%	1h	0.06009	−0.248%	—	—	150x	as long as short
GMX SEI/USD [ETH-USDC]	L +0.0018% / S +0.0009%	1h	0.06008	−0.269%	$3K	—	100x	as long as short
Lighter SEI	+0.0096%	1h	0.06007	−0.282%	$271K	$1.1M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06007	−0.276%	$3.4M	$4.9M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06012	−0.201%	$314K	$360K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06007	−0.288%	$14.5M	$126.5M	75x	as long as short
Bybit SEIUSDT	+0.0100%	8h	0.06001	−0.382%	$14.1M	$34.4M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05997	−0.448%	$3.4M	$36.8M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.06013	−0.183%	$1.1M	$3.1M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SEI_USDT	+0.0100%	8h	0.06010	−0.232%	$35.0M	$27.9M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.06014	−0.166%	$6.6M	$14.5M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.06006	−0.299%	$9.8M	$16.6M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.06006	−0.299%	—	$31.4M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.06016	−0.133%	$107K	$648K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06013	−0.188%	$205K	$2.4M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06020	−0.066%	$102K	$672K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.06013	−0.183%	$2K	$129K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.06026	+0.033%	$23K	$3.9M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06009	−0.242%	$77K	$558K	25x	as long as short
Coinbase International SEI-PERP-INTXlong	+0.0280%	1h	0.06024	long leg	$43K	$231K	50x
Reya SEIRUSDPERP	+0.0346%	1h	0.06012	−0.193%	$115	—	20x	as long as short
BloFin SEI-USDT	+0.0368%	8h	0.06019	−0.083%	$729K	$1.4M	75x	as long as short
Injective SEI/USDC PERP	+0.0410%	1h	0.06016	−0.133%	$9K	$43K	12x	as long as short
Kraken Futures PF_SEIUSDshort	+0.0535%	1h	0.06016	−0.133%	$362K	$1.6M	50x
Deribit SEI_USDC-PERPETUAL	+0.0751%	1h	0.05999	−0.415%	$379	$72K	25x	as long as short
dYdX SEI-USD	+0.1315%	1h	0.06012	−0.192%	$103K	$2K	5x	as long as short