SEI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0280%/8h= −30.6% APRnext payment −$0.35 per $10,000 · paid last 24h −0.066%

Price spread now: ApeX Omni against Kraken Futures+0.790%45s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as 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−$1001.002% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 3 days (all we have)−0.814%−$81 · spread now +0.790%, 7d avg −0.043%

Together, before fees−0.994%−$99 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.833% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.790% now, against its 7-day average of −0.043%): +$83 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9.9 days. At the pace of the last 7 days (−0.180% in total) that is about 32 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 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	Kraken Futures PF_SEIUSD	0.05903	0.0380	pay 0.0047% / 1h	39m 28s	$370K	$1.6M	50x
Short	ApeX Omni SEIUSDT	0.05950	0.0100	get 0.0013% / 1h	39m 28s	$108K	$673K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.790%Rate

Funding earned: −$58.77
Price spread: +0.790% → −0.043%: $83.34
Slippage, 4 orders: −$80.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75.6
Costs to cover: 1.002%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; ApeX Omni: live order book, 29 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 Kraken Futures live order book, 4 min ago	6.72 bp	15.3 bp −$15	44.7 bp −$447	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 29 min ago	16.67 bp	30.2 bp −$30	168.2 bp −$1,682	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 −0.0815% / S +0.0444%	1h	0.05879	−0.406%	$23K	—	100x	as long as short
Variational Omni SEI	−0.0136%	8h	0.05910	+0.105%	$316K	$208K	—	as long as short
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.05881	−0.384%	$11K	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.05890	−0.226%	$9K	$72K	25x	as long as short
Coinbase International SEI-PERP-INTX	+0.0048%	1h	0.05905	+0.028%	$34K	$204K	50x	as long as short
Bybit SEIUSDT	+0.0071%	8h	0.05901	−0.040%	$14.0M	$36.3M	50x	as long as short
Lighter SEI	+0.0096%	1h	0.05899	−0.074%	$268K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.05890	−0.226%	$2K	$103K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05910	+0.114%	$3.4M	$6.3M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05897	−0.114%	$308K	$355K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SEIUSDT	+0.0100%	8h	0.05896	−0.129%	$14.1M	$129.5M	75x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05905	+0.028%	$3.1M	$39.8M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05894	−0.159%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05902	−0.023%	$34.5M	$28.6M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05897	−0.108%	$6.3M	$14.5M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05905	+0.028%	$9.4M	$16.9M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05895	−0.142%	—	$31.6M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05897	−0.108%	$117K	$571K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05914	+0.172%	$210K	$1.6M	10x	as long as short
ApeX Omni SEIUSDTshort	+0.0100%	1h	0.05950	+0.790%	$108K	$673K	50x
SunX SEI-USDT	+0.0100%	8h	0.05900	−0.057%	$22K	$4.5M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05896	−0.131%	$75K	$540K	25x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05976	+1.230%	$720K	$1.1M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05905	+0.029%	$113	—	20x	as long as short
Kraken Futures PF_SEIUSDlong	+0.0380%	1h	0.05903	long leg	$370K	$1.6M	50x
dYdX SEI-USD	+0.0505%	1h	0.05896	−0.128%	$101K	$2K	5x	as long as short
Injective SEI/USDC PERP	+0.0844%	1h	0.05929	+0.434%	$9K	$43K	12x	as long as short