Funding you earn now, next payment 09:00 UTC−0.0172%/8h= −18.9% APRpaid last 24h −0.061%
Price spread now: Bybit against Kraken Futures+0.063%55s7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as 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−$650.651% of the position
Funding, last 7 days−0.328%−$33 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.063%, 7d avg −0.080%
=The price spread pays, funding is against you. Bybit is 0.142% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.080%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days. The two prices were read 55 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 | Kraken Futures PF_SEIUSD | 0.06130 | 0.0265 | pay 0.0033% / 1h | 23m 28s | $374K | $1.7M | 50x |
| Short | Bybit SEIUSDT | 0.06134 | 0.0093 | get 0.0093% / 8h | 7h 23m | $14.7M | $34.2M | 50x |
Kraken Futures PF_SEIUSD
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.16
- Price spread: +0.063% → −0.080%
- $14.25
- Slippage, 4 orders
- −$44.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$86.99
- Costs to cover
- 0.651%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 7.39 bp | 22.2 bp −$22 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.83 bp | 12.1 bp −$12 | 36.6 bp −$366 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SEI/USDC PERP | −0.0302% | 1h | 0.06078 | −0.851% | $9K | $40K | 12x | as long as short |
| Variational Omni SEI | −0.0108% | 8h | 0.06061 | −1.123% | $320K | $173K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.06117 | −0.209% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06135 | +0.079% | $387 | $72K | 25x | as long as short |
| Bybit SEIUSDTshort | +0.0093% | 8h | 0.06134 | +0.063% | $14.7M | $34.2M | 50x | |
| Lighter SEI | +0.0096% | 1h | 0.06139 | +0.144% | $274K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06143 | +0.213% | $3.8M | $4.6M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06140 | +0.167% | $338K | $350K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06140 | +0.159% | $14.9M | $122.2M | 75x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06138 | +0.128% | $3.5M | $36.5M | 50x | as long as short |
Injective SEI/USDC PERP
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
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 | 0.06140 | +0.161% | $1.1M | $3.0M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06140 | +0.161% | $32.3M | $28.8M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06142 | +0.193% | $6.9M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06142 | +0.193% | $9.8M | $16.9M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06139 | +0.144% | — | $16.3M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06131 | +0.014% | $120K | $695K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06111 | −0.311% | $209K | $2.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06080 | −0.818% | $102K | $674K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06140 | +0.161% | $2K | $269K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06133 | +0.047% | $23K | $3.5M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06140 | +0.158% | $68K | $438K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0186% / S −0.0536% | 1h | 0.06134 | +0.068% | $3K | — | 100x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0192% | 1h | 0.06071 | −0.965% | $67K | $265K | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06116 | −0.231% | $752K | $1.6M | 75x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0265% | 1h | 0.06130 | long leg | $374K | $1.7M | 50x | |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06139 | +0.144% | $117 | — | 20x | as long as short |
| dYdX SEI-USD | +0.1141% | 1h | 0.06121 | −0.142% | $104K | $2K | 5x | as long as short |
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
GMX SEI/USD [ETH-USDC]
Coinbase International SEI-PERP-INTX
BloFin SEI-USDT
Reya SEIRUSDPERP
dYdX SEI-USD