Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.069%
Price spread now: Lighter against Coinbase International+0.385%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1451.453% of the position
Funding, last 7 days+0.577%+$58 on $10k
+Price spread, last 3 days (all we have)−0.382%−$38 · spread now +0.385%, 7d avg +0.054%
=Together, before fees+0.195%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.331% dearer against Coinbase International than usual: you sell high and buy low (spread +0.385% now, against its 7-day average of +0.054%): +$33 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. Mind the row above: over the last 7 days funding on this pair paid +0.577%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SEI-PERP-INTX | 0.05977 | 0.0128 | pay 0.0016% / 1h | 55m 08s | $34K | $207K | 50x |
| Short | Lighter SEI | 0.06000 | 0.0096 | get 0.0012% / 1h | 55m 08s | $272K | $1.2M | 10x |
Coinbase International SEI-PERP-INTX
Lighter SEIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.72
- Price spread: +0.385% → +0.054%
- $33.11
- Slippage, 4 orders
- −$135.27
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$118.88
- Costs to cover
- 1.453%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 8 min ago; Lighter: live order book, 6 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, 8 min ago | 18.40 bp | 71.4 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.50 bp | 7.3 bp −$7 | 29.1 bp −$291 | doesn't fit | doesn't fit |
SEI on 26 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 −0.0815% / S +0.0444% | 1h | 0.05989 | +0.207% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0115% | 8h | 0.06010 | +0.544% | $319K | $187K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05990 | +0.218% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05990 | +0.218% | $10K | $72K | 25x | as long as short |
| Lighter SEIshort | +0.0096% | 1h | 0.06000 | +0.385% | $272K | $1.2M | 10x | |
| Hyperliquid SEI | +0.0100% | 1h | 0.06005 | +0.467% | $3.5M | $5.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05993 | +0.273% | $313K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06002 | +0.417% | $14.3M | $127.9M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05997 | +0.335% | $14.3M | $35.6M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06000 | +0.385% | $3.2M | $39.7M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.05995 | +0.301% | $1.1M | $3.3M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06001 | +0.402% | $34.5M | $27.4M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05997 | +0.335% | $6.4M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06001 | +0.402% | $9.5M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05996 | +0.318% | — | $31.2M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06001 | +0.402% | $120K | $567K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05982 | +0.087% | $205K | $1.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05970 | −0.117% | $109K | $664K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05988 | +0.184% | $2K | $97K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06004 | +0.452% | $23K | $4.4M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05988 | +0.186% | $77K | $546K | 25x | as long as short |
| Coinbase International SEI-PERP-INTXlong | +0.0128% | 1h | 0.05977 | long leg | $34K | $207K | 50x | |
| Injective SEI/USDC PERP | +0.0156% | 1h | 0.06004 | +0.452% | $9K | $43K | 12x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05989 | +0.202% | $114 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0475% | 1h | 0.05994 | +0.292% | $376K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.1535% | 1h | 0.05994 | +0.285% | $102K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Injective SEI/USDC PERP
Reya SEIRUSDPERP
Kraken Futures PF_SEIUSD
dYdX SEI-USD