Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against Orderly−0.033%7-day average +0.061% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.033%, 7d avg +0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.094% cheaper against Orderly than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SEI_USDC | 0.06105 | 0.0100 | pay 0.0100% / 8h | 7h 54m | $2K | $244K | 20x |
| Short | Backpack SEI_USDC_PERP | 0.06103 | 0.0100 | get 0.0013% / 1h | 54m 07s | $116K | $676K | 10x |
Orderly PERP_SEI_USDC
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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: −0.033% → +0.061%
- −$9.39
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$25.39
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 45 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 45 min ago | 0.82 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.06110 | +0.082% | $9K | $40K | 12x | as long as short |
| Variational Omni SEI | −0.0094% | 8h | 0.06108 | +0.057% | $323K | $175K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.06102 | −0.043% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06108 | +0.049% | $386 | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06106 | +0.016% | $272K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06113 | +0.133% | $3.8M | $4.8M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06108 | +0.047% | $334K | $348K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06103 | −0.034% | $14.8M | $123.0M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06097 | −0.131% | $14.6M | $34.3M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06100 | −0.082% | $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
Bybit 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 | 0.06106 | +0.016% | $1.1M | $2.9M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06101 | −0.066% | $39.0M | $27.2M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06106 | +0.016% | $6.9M | $14.6M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06104 | −0.016% | $9.8M | $17.1M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06102 | −0.049% | — | $16.3M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.06103 | −0.033% | $116K | $676K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06137 | +0.520% | $209K | $2.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06130 | +0.410% | $102K | $675K | 50x | as long as short |
| Orderly PERP_SEI_USDClong | +0.0100% | 8h | 0.06105 | long leg | $2K | $244K | 20x | |
| SunX SEI-USDT | +0.0100% | 8h | 0.06113 | +0.131% | $23K | $3.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06104 | −0.021% | $69K | $438K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0192% | 1h | 0.06085 | −0.328% | $67K | $264K | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06110 | +0.082% | $750K | $1.6M | 75x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0249% / S −0.2175% | 1h | 0.06105 | +0.007% | $12K | — | 100x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0266% | 1h | 0.06104 | −0.022% | $375K | $1.7M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06111 | +0.099% | $117 | — | 20x | as long as short |
| dYdX SEI-USD | +0.0632% | 1h | 0.06118 | +0.217% | $104K | $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
BloFin SEI-USDT
GMX SEI/USD [ETH-USDC]
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
dYdX SEI-USD