Settings8H · net · $10k
Funding arb · Price arb /

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Gate against Lighter−0.050%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$590.586% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.127%−$13 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.050%, 7d avg −0.006%
Together, before fees−0.140%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.044% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SEI0.059910.0096pay 0.0012% / 1h59m 55s$272K$1.2M10x
ShortGate SEI_USDT0.059880.0100get 0.0100% / 8h5h 59m$1.1M$3.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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

Funding earned
$0.84
Price spread: −0.050% → −0.006%
−$4.45
Slippage, 4 orders
−$43.58
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$62.19
Costs to cover
0.586%
Break-even
525.2 days
Slippage from Lighter: live order book, 6 min ago; Gate: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago3.36 bp11.4 bp −$1136.1 bp −$361doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago5.02 bp21.6 bp −$2257.6 bp −$576doesn't fitdoesn't fit

SEI on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX SEI/USD [ETH-USDC]L −0.0815% / S +0.0444%1h0.05986−0.083%$23K100xas long as short
Variational Omni SEI−0.0118%8h0.05974−0.276%$319K$199Kas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.05987−0.074%150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05988−0.050%$10K$72K25xas long as short
Coinbase International SEI-PERP-INTX+0.0048%1h0.05977−0.234%$34K$207K50xas long as short
Lighter SEIlong+0.0096%1h0.05991long leg$272K$1.2M10x
Hyperliquid SEI+0.0100%1h0.05995+0.065%$3.5M$5.9M5xas long as short
Aster SEIUSDT+0.0100%8h0.05990−0.013%$313K$354K20xas long as short
Binance SEIUSDT+0.0100%8h0.05993+0.040%$14.4M$128.0M75xas long as short
Bybit SEIUSDT+0.0100%8h0.05986−0.083%$14.2M$35.7M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05988−0.050%$3.2M$39.7M50xas long as short
Gate SEI_USDTshort+0.0100%8h0.05988−0.050%$1.1M$3.4M75x
MEXC SEI_USDT+0.0100%8h0.05989−0.033%$34.5M$28.7M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05988−0.050%$6.4M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.059910.000%$9.5M$16.5M75xas long as short
BingX SEI-USDT+0.0100%8h0.05988−0.050%$31.2Mas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05976−0.250%$211K$1.7M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05990−0.017%$109K$664K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05988−0.050%$2K$97K20xas long as short
SunX SEI-USDT+0.0100%8h0.05997+0.100%$22K$4.4M30xas long as short
Extended SEI-USD+0.0104%1h0.05990−0.015%$77K$546K25xas long as short
Backpack SEI_USDC_PERP+0.0132%1h0.05990−0.017%$119K$568K10xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05988−0.046%$11420xas long as short
Kraken Futures PF_SEIUSD+0.0374%1h0.05989−0.030%$377K$1.6M50xas long as short
dYdX SEI-USD+0.0792%1h0.05990−0.020%$102K$2K5xas long as short
Injective SEI/USDC PERP+0.0844%1h0.05978−0.217%$9K$43K12xas long as short