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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against MEXC−0.067%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$250.248% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.176%+$18 on $10k
Price spread, last 7 days+0.131%+$13 · spread now −0.067%, 7d avg −0.001%
Together, before fees+0.307%+ Points / potential airdropLighter: Season 3 · farm board+$31 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: Lighter is 0.065% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SEI_USDT0.060150.0100pay 0.0100% / 8h1h 24m$36.3M$27.8M300x
ShortLighter SEI0.060110.0096get 0.0012% / 1h24m 39s$272K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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: −0.067% → −0.001%
−$6.53
Slippage, 4 orders
−$24.8
Fee MEXC: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
−$32.17
Costs to cover
0.248%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 11 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 MEXC live order book, 4 min ago1.68 bp5.2 bp −$510.4 bp −$10446.1 bp −$4,61083.3 bp −$41.7K
Sell Lighter live order book, 11 min ago2.53 bp4.1 bp −$422.4 bp −$224doesn't fitdoesn't fit

SEI on 27 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
Variational Omni SEI−0.0091%8h0.05995−0.325%$314K$179Kas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.05999−0.272%150xas long as short
GMX SEI/USD [ETH-USDC]L +0.0050% / S −0.0086%1h0.05972−0.718%$3K100xas long as short
Lighter SEIshort+0.0096%1h0.06011−0.067%$272K$1.1M10x
Hyperliquid SEI+0.0100%1h0.06012−0.058%$3.4M$4.8M5xas long as short
Aster SEIUSDT+0.0100%8h0.06010−0.088%$314K$367K20xas long as short
Binance SEIUSDT+0.0100%8h0.06010−0.088%$14.5M$124.2M75xas long as short
Bybit SEIUSDT+0.0100%8h0.06011−0.067%$14.2M$33.9M50xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.06011−0.067%$3.4M$36.0M50xas long as short
Gate SEI_USDT+0.0100%8h0.06008−0.116%$1.2M$3.1M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SEI_USDTlong+0.0100%8h0.06015long leg$36.3M$27.8M300x
KuCoin SEIUSDTM+0.0100%8h0.06012−0.050%$6.6M$14.4M75xas long as short
Bitget SEIUSDT+0.0100%8h0.06016+0.017%$9.7M$16.5M75xas long as short
BingX SEI-USDT+0.0100%8h0.06013−0.033%$31.4Mas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05978−0.615%$212K$2.5M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05970−0.748%$101K$666K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.06014−0.017%$2K$160K20xas long as short
SunX SEI-USDT+0.0100%8h0.06027+0.200%$23K$3.8M30xas long as short
Extended SEI-USD+0.0104%1h0.06016+0.022%$76K$386K25xas long as short
Backpack SEI_USDC_PERP+0.0205%1h0.06012−0.050%$111K$647K10xas long as short
Deribit SEI_USDC-PERPETUAL+0.0249%1h0.06016+0.017%$380$72K25xas long as short
Coinbase International SEI-PERP-INTX+0.0272%1h0.05980−0.582%$43K$230K50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.06002−0.224%$11520xas long as short
Kraken Futures PF_SEIUSD+0.0348%1h0.06013−0.039%$369K$1.6M50xas long as short
BloFin SEI-USDT+0.0362%8h0.06016+0.017%$732K$1.4M75xas long as short
Injective SEI/USDC PERP+0.0402%1h0.06031+0.266%$9K$40K12xas long as short
dYdX SEI-USD+0.2174%1h0.05998−0.283%$102K$2K5xas long as short