Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.032%

Price spread now: MEXC against gTrade (Gains Network)−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.023% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SEI/USD	0.06057	L −0.0006% / S +0.0006%	get 0.0001% / 1h	12m 21s	—	—	150x
Short	MEXC SEI_USDT	0.06056	0.0100	get 0.0100% / 8h	4h 12m	$35.4M	$28.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: $22.24
Price spread: −0.023% → 0.000%: −$2.34
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $9.89
Costs to cover: 0.100%
Break-even: 3.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	1.64 bp	5.8 bp −$6	18.1 bp −$181	57.1 bp −$5,711	85.1 bp −$42.6K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0209%	8h	0.06074	+0.281%	$324K	$187K	—	as long as short
Coinbase International SEI-PERP-INTX	−0.0032%	1h	0.06149	+1.512%	$43K	$221K	50x	as long as short
gTrade (Gains Network) SEI/USDlong	L −0.0006% / S +0.0006%	1h	0.06057	long leg	—	—	150x
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.06064	+0.109%	$10K	$72K	25x	as long as short
Bybit SEIUSDT	+0.0033%	8h	0.06055	−0.040%	$14.6M	$36.2M	50x	as long as short
GMX SEI/USD [ETH-USDC]	L +0.0041% / S +0.0102%	1h	0.06058	+0.005%	$6K	—	100x	as long as short
Lighter SEI	+0.0096%	1h	0.06063	+0.092%	$276K	$1.2M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06060	+0.043%	$3.5M	$5.5M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06064	+0.116%	$317K	$354K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06058	+0.010%	$15.0M	$130.2M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SEI-USDT-SWAP	+0.0100%	4h	0.06059	+0.026%	$3.5M	$40.2M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.06057	−0.007%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDTshort	+0.0100%	8h	0.06056	−0.023%	$35.4M	$28.7M	300x
KuCoin SEIUSDTM	+0.0100%	8h	0.06057	−0.007%	$6.5M	$14.6M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.06064	+0.109%	$10.0M	$16.7M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.06054	−0.056%	—	$31.4M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.06073	+0.257%	$107K	$617K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06080	+0.378%	$205K	$2.0M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06090	+0.538%	$110K	$667K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.06063	+0.092%	$2K	$70K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.06087	+0.488%	$23K	$4.2M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06061	+0.065%	$77K	$548K	25x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.06079	+0.356%	$768K	$1.3M	75x	as long as short
Injective SEI/USDC PERP	+0.0267%	1h	0.06061	+0.059%	$9K	$43K	12x	as long as short
Kraken Futures PF_SEIUSD	+0.0312%	1h	0.06074	+0.271%	$377K	$1.5M	50x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.06058	+0.009%	$116	—	20x	as long as short
dYdX SEI-USD	+0.0993%	1h	0.06060	+0.048%	$103K	$2K	5x	as long as short