Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against OKX+0.150%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$510.511% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.150%, 7d avg +0.067%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.083% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.067%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SEI-USDT-SWAP | 0.05994 | 0.0100 | pay 0.0050% / 4h | 3h 07m | $3.2M | $39.9M | 50x |
| Short | Backpack SEI_USDC_PERP | 0.06003 | 0.0100 | get 0.0013% / 1h | 7m 09s | $119K | $561K | 10x |
OKX SEI-USDT-SWAP
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against OKX. 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
- $0
- Price spread: +0.150% → +0.067%
- $8.29
- Slippage, 4 orders
- −$31.07
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$42.78
- Costs to cover
- 0.511%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Backpack: live order book, 2 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 OKX live order book, 2 min ago | 2.50 bp | 17.2 bp −$17 | 42.8 bp −$428 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.83 bp | 12.1 bp −$12 | doesn't fit | 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 | 0.06000 | +0.103% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0109% | 8h | 0.05975 | −0.325% | $320K | $210K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06000 | +0.095% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0083% | 1h | 0.06008 | +0.234% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06004 | +0.167% | $273K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06004 | +0.167% | $2K | $110K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06008 | +0.227% | $3.5M | $6.3M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06006 | +0.193% | $314K | $336K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06001 | +0.124% | $14.4M | $128.1M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05991 | −0.050% | $14.1M | $35.9M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAPlong | +0.0100% | 4h | 0.05994 | long leg | $3.2M | $39.9M | 50x | |
| Gate SEI_USDT | +0.0100% | 8h | 0.06002 | +0.133% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06002 | +0.133% | $35.8M | $28.8M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06002 | +0.133% | $6.2M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06003 | +0.150% | $9.4M | $16.8M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06001 | +0.117% | — | $33.4M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.06003 | +0.150% | $119K | $561K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06008 | +0.236% | $213K | $1.6M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06010 | +0.267% | $109K | $675K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06003 | +0.150% | $23K | $4.5M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06003 | +0.158% | $77K | $540K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0144% | 1h | 0.06015 | +0.350% | $34K | $208K | 50x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0178% | 1h | 0.06004 | +0.172% | $371K | $1.6M | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06004 | +0.167% | $730K | $1.3M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05998 | +0.059% | $114 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0974% | 1h | 0.05989 | −0.083% | $9K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.1014% | 1h | 0.06004 | +0.159% | $102K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
Kraken Futures PF_SEIUSD
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD