Funding you earn now, next payment 06:00 UTC−0.1370%/8h= −150.1% APRpaid last 24h −0.489%
Price spread now: Bybit against dYdX−0.270%50s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$567as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3943.940% of the position
Funding, last 7 days−1.732%−$173 on $10k
+Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.270%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Bybit is 0.234% cheaper against dYdX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.036%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX SEI-USD | 0.05943 | 0.1470 | pay 0.0184% / 1h | 33m 47s | $101K | $2K | 5x |
| Short | Bybit SEIUSDT | 0.05927 | 0.0100 | get 0.0100% / 8h | 2h 33m | $14.1M | $34.6M | 50x |
dYdX SEI-USD
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$287.78
- Price spread: −0.270% → −0.036%
- −$23.39
- Slippage, 4 orders
- −$373
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$705.17
- Costs to cover
- 3.940%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 15 min ago; Bybit: live order book, 10 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, 15 min ago | 91.44 bp | 96.4 bp −$96 | 96.4 bp −$964 | 125.6 bp −$12.6K | 283.2 bp −$141.6K |
| Sell Bybit live order book, 10 min ago | 0.84 bp | 12.3 bp −$12 | 29.7 bp −$297 | 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 | −0.0169% | 8h | 0.05944 | +0.009% | $319K | $175K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05934 | −0.158% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05931 | −0.203% | $374 | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0012% / S +0.0028% | 1h | 0.05933 | −0.161% | $3K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05935 | −0.135% | $270K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05933 | −0.167% | $3.4M | $5.0M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05938 | −0.082% | $311K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05931 | −0.203% | $14.2M | $127.3M | 75x | as long as short |
| Bybit SEIUSDTshort | +0.0100% | 8h | 0.05927 | −0.270% | $14.1M | $34.6M | 50x | |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05926 | −0.287% | $3.4M | $36.9M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.05933 | −0.169% | $1.1M | $3.1M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05933 | −0.169% | $34.1M | $27.5M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05928 | −0.253% | $6.4M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05929 | −0.236% | $9.8M | $16.6M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05930 | −0.220% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05933 | −0.169% | $106K | $644K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05946 | +0.050% | $211K | $2.2M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05950 | +0.117% | $101K | $673K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05931 | −0.203% | $2K | $100K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05936 | −0.119% | $22K | $4.0M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05923 | −0.339% | $78K | $565K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0280% | 1h | 0.05944 | +0.016% | $41K | $225K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05935 | −0.142% | $113 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0367% | 8h | 0.05966 | +0.386% | $736K | $1.4M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0410% | 1h | 0.05942 | −0.018% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0543% | 1h | 0.05932 | −0.192% | $366K | $1.6M | 50x | as long as short |
| dYdX SEI-USDlong | +0.1470% | 1h | 0.05943 | long leg | $101K | $2K | 5x |
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
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD