Funding you earn now, next payment 23:00 UTC−0.2540%/8h= −278.2% APRnext payment −$3.18 per $10,000 · paid last 24h −0.460%
Price spread now: Backpack against dYdX−0.045%7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$356as in the Price arb table
costs, in and out, $10k−$3453.449% of the position
Funding, last 7 days−1.446%−$145 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.045%, 7d avg +0.061%
=Both sides work against this trade now: funding costs −$76 a day on $10k at the current rate, and Backpack is 0.106% cheaper against dYdX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.446% in total (about -75.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX SEI-USD | 0.05886 | 0.2640 | pay 0.0330% / 1h | 28m 09s | $100K | $2K | 5x |
| Short | Backpack SEI_USDC_PERP | 0.05883 | 0.0100 | get 0.0013% / 1h | 28m 09s | $119K | $562K | 10x |
dYdX SEI-USD
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- −$533.46
- Price spread: −0.045% → +0.061%
- −$10.62
- Slippage, 4 orders
- −$324.92
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$889
- Costs to cover
- 3.449%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 56 min ago; Backpack: live order book, 56 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 dYdX live order book, 56 min ago | 149.97 bp | 155.0 bp −$155 | 155.0 bp −$1,550 | 162.2 bp −$16.2K | 591.3 bp −$295.7K |
| Sell Backpack live order book, 56 min ago | 0.84 bp | 8.8 bp −$9 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05875 | −0.176% | $23K | — | 100x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05877 | −0.148% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05874 | −0.198% | $19K | $62K | 25x | as long as short |
| Variational Omni SEI | +0.0014% | 8h | 0.05881 | −0.083% | $314K | $228K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05872 | −0.232% | $264K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05874 | −0.198% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05884 | −0.028% | $3.4M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05878 | −0.128% | $307K | $368K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05872 | −0.234% | $13.6M | $126.0M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05863 | −0.385% | $13.8M | $36.1M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05864 | −0.368% | $3.0M | $39.6M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05882 | −0.062% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05869 | −0.283% | $28.5M | $26.1M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05871 | −0.249% | $6.7M | $14.2M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05870 | −0.266% | $9.2M | $17.0M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05875 | −0.181% | — | $33.2M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.05883 | −0.045% | $119K | $562K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05872 | −0.230% | $201K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05890 | +0.074% | $107K | $667K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05895 | +0.159% | $22K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05872 | −0.225% | $75K | $476K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0190% | 1h | 0.05868 | −0.294% | $371K | $1.6M | 50x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0192% | 1h | 0.05960 | +1.263% | $33K | $209K | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05880 | −0.096% | $700K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05877 | −0.142% | $112 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0864% | 1h | 0.05901 | +0.261% | $8K | $42K | 12x | as long as short |
| dYdX SEI-USDlong | +0.2640% | 1h | 0.05886 | long leg | $100K | $2K | 5x |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Kraken Futures PF_SEIUSD
Coinbase International SEI-PERP-INTX
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP