Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0569%/8h= +62.3% APRpaid last 24h −0.112%

Price spread now: MEXC against Injective−1.148%115s7-day average — · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+1.732%+$173 on $10k

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 1.148% cheaper against Injective than usual: you would sell low and buy high (spread −1.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$115 on $10k: about 6.7 days of funding at the current rate (+$17 a day). The two prices were read 115 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	Injective SEI/USDC PERP	0.06187	−0.0469	get 0.0059% / 1h	7m 27s	$9K	$37K	12x
Short	MEXC SEI_USDT	0.06116	0.0100	get 0.0100% / 8h	5h 07m	$22.4M	$30.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −1.148%Rate

Funding earned: $119.56
Price spread: −1.148% → 0.000%: −$114.76
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $4.79
Costs to cover: 0.000%
Break-even: 6.7 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	2.45 bp	7.9 bp −$8	13.3 bp −$133	44.2 bp −$4,421	90.2 bp −$45.1K

Injective: 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 exchanges

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
Injective SEI/USDC PERPlong	−0.0469%	1h	0.06187	long leg	$9K	$37K	12x
Variational Omni SEI	−0.0178%	8h	0.06090	−1.569%	$319K	$199K	—	as long as short
Coinbase International SEI-PERP-INTX	−0.0048%	1h	0.06089	−1.584%	$68K	$264K	50x	as long as short
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.06113	−1.194%	$8K	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.06114	−1.180%	$10K	$72K	25x	as long as short
Bybit SEIUSDT	+0.0067%	8h	0.06105	−1.325%	$14.7M	$31.7M	50x	as long as short
Lighter SEI	+0.0096%	1h	0.06116	−1.148%	$282K	$1.0M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06119	−1.102%	$4.0M	$4.0M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06117	−1.134%	$337K	$300K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06112	−1.218%	$14.9M	$110.7M	75x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SEI-USDT-SWAP	+0.0100%	4h	0.06110	−1.245%	$3.4M	$32.6M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.06112	−1.212%	$1.1M	$2.7M	75x	as long as short
MEXC SEI_USDTshort	+0.0100%	8h	0.06116	−1.148%	$22.4M	$30.9M	300x
KuCoin SEIUSDTM	+0.0100%	8h	0.06116	−1.148%	$7.0M	$14.4M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.06116	−1.148%	$9.5M	$16.4M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.06109	−1.261%	—	$16.0M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.06119	−1.099%	$118K	$719K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06116	−1.148%	$217K	$3.2M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06100	−1.406%	$82K	$674K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.06111	−1.228%	$2K	$302K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.06119	−1.099%	$23K	$2.9M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06109	−1.260%	$68K	$417K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0164%	1h	0.06116	−1.143%	$362K	$1.7M	50x	as long as short
GMX SEI/USD [ETH-USDC]	L +0.0215% / S −0.0631%	1h	0.06098	−1.447%	$3K	—	100x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.06112	−1.212%	$754K	$1.6M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.06114	−1.178%	$117	—	20x	as long as short
dYdX SEI-USD	+0.0873%	1h	0.06117	−1.135%	$104K	$968	5x	as long as short