Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0544%/8h= −59.6% APRpaid last 24h +0.039%

Price spread now: GMX against SunX+0.278%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.278% dearer against SunX than usual: you sell high and buy low (spread +0.278% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SEI-USDT	0.05931	0.0100	pay 0.0100% / 8h	6h 43m	$23K	$4.5M	30x
Short	GMX SEI/USD [ETH-USDC]	0.05948	L −0.0815% / S +0.0444%	pay 0.0055% / 1h	43m 49s	$23K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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

Position, each leg$Hold fordaysFee SunXbpFee GMXbpOrdersPrice spread, now +0.278%Rate

Funding earned: −$114.21
Price spread: +0.278% → 0.000%: $27.82
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$106.39
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; GMX: no order-book sample. 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 SunX live order book, 4 min ago	500.76 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
GMX SEI/USD [ETH-USDC]short	L −0.0815% / S +0.0444%	1h	0.05948	+0.278%	$23K	—	100x
Variational Omni SEI	−0.0136%	8h	0.05925	−0.108%	$317K	$210K	—	as long as short
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.05952	+0.347%	$11K	—	150x	as long as short
Coinbase International SEI-PERP-INTX	+0.0048%	1h	0.05929	−0.034%	$34K	$205K	50x	as long as short
Bybit SEIUSDT	+0.0062%	8h	0.05946	+0.253%	$14.1M	$36.2M	50x	as long as short
Deribit SEI_USDC-PERPETUAL	+0.0086%	1h	0.05961	+0.506%	$10K	$72K	25x	as long as short
Lighter SEI	+0.0096%	1h	0.05957	+0.438%	$271K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.05955	+0.405%	$2K	$101K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05956	+0.422%	$3.5M	$6.4M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05953	+0.378%	$311K	$355K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SEIUSDT	+0.0100%	8h	0.05954	+0.388%	$14.2M	$129.4M	75x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05951	+0.337%	$3.2M	$40.2M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05950	+0.320%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05953	+0.371%	$35.1M	$28.4M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05957	+0.438%	$6.4M	$14.5M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05953	+0.371%	$9.5M	$16.9M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05951	+0.337%	—	$31.6M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05962	+0.523%	$118K	$570K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05986	+0.927%	$210K	$1.6M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05930	−0.017%	$108K	$675K	50x	as long as short
SunX SEI-USDTlong	+0.0100%	8h	0.05931	long leg	$23K	$4.5M	30x
Extended SEI-USD	+0.0104%	1h	0.05952	+0.358%	$76K	$540K	25x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05976	+0.759%	$720K	$1.1M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05931	+0.002%	$113	—	20x	as long as short
Kraken Futures PF_SEIUSD	+0.0376%	1h	0.05960	+0.497%	$374K	$1.6M	50x	as long as short
dYdX SEI-USD	+0.0508%	1h	0.05926	−0.086%	$101K	$2K	5x	as long as short
Injective SEI/USDC PERP	+0.0844%	1h	0.05940	+0.152%	$9K	$43K	12x	as long as short