Funding you earn now, next payment 02:00 UTC−0.0218%/8h= −23.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.074%
Price spread now: Backpack against Reya+0.154%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Backpack is 0.154% dearer against Reya than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya SEIRUSDPERP | 0.05977 | 0.0346 | pay 0.0043% / 1h | 0m 30s | $114 | — | 20x |
| Short | Backpack SEI_USDC_PERP | 0.05986 | 0.0128 | get 0.0016% / 1h | 0m 30s | $119K | $568K | 10x |
Reya SEIRUSDPERP
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Reya. 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
- −$45.84
- Price spread: +0.154% → 0.000%
- $15.44
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$46.41
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 3 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 3 min ago | 0.83 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Reya: 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 26 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 | 0.05980 | +0.052% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0118% | 8h | 0.05974 | −0.039% | $319K | $199K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05981 | +0.064% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05983 | +0.104% | $10K | $72K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0048% | 1h | 0.05977 | +0.004% | $34K | $207K | 50x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05997 | +0.338% | $272K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05998 | +0.348% | $3.5M | $5.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05994 | +0.293% | $314K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05994 | +0.288% | $14.4M | $128.0M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05988 | +0.188% | $14.3M | $35.7M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Coinbase International SEI-PERP-INTX
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05987 | +0.171% | $3.2M | $39.7M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05992 | +0.255% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05994 | +0.288% | $34.6M | $28.7M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05995 | +0.305% | $6.4M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05994 | +0.288% | $9.5M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05993 | +0.271% | — | $31.2M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05976 | −0.012% | $211K | $1.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05990 | +0.221% | $109K | $664K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05982 | +0.087% | $2K | $97K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05985 | +0.138% | $22K | $4.4M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05992 | +0.261% | $77K | $546K | 25x | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0128% | 1h | 0.05986 | +0.154% | $119K | $568K | 10x | |
| Reya SEIRUSDPERPlong | +0.0346% | 1h | 0.05977 | long leg | $114 | — | 20x | |
| Kraken Futures PF_SEIUSD | +0.0375% | 1h | 0.05988 | +0.180% | $377K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.0792% | 1h | 0.05990 | +0.218% | $102K | $2K | 5x | as long as short |
| Injective SEI/USDC PERP | +0.0844% | 1h | 0.05978 | +0.021% | $9K | $43K | 12x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Kraken Futures PF_SEIUSD
dYdX SEI-USD
Injective SEI/USDC PERP