Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Backpack−0.034%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.034%, 7d avg −0.063%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.030% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.05933 | 0.0100 | pay 0.0013% / 1h | 32m 48s | $118K | $564K | 10x |
| Short | BingX SEI-USDT | 0.05931 | 0.0100 | get 0.0100% / 8h | 2h 32m | — | $32.9M | — |
Backpack SEI_USDC_PERP
BingX SEI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. 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: −0.034% → −0.063%
- $2.97
- Slippage, 4 orders
- −$26.95
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$43.97
- Costs to cover
- 0.469%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 56 min ago; BingX: live order book, 11 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 Backpack live order book, 56 min ago | 0.84 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 1.69 bp | 11.7 bp −$12 | 20.2 bp −$202 | 70.6 bp −$7,057 | 381.2 bp −$190.6K |
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 −0.0802% / S +0.0440% | 1h | 0.05935 | +0.035% | $23K | — | 100x | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0056% | 1h | 0.05960 | +0.455% | $33K | $210K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05936 | +0.056% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05936 | +0.051% | $20K | $62K | 25x | as long as short |
| Variational Omni SEI | +0.0036% | 8h | 0.05924 | −0.147% | $315K | $240K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05936 | +0.051% | $267K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0098% | 8h | 0.05935 | +0.034% | $2K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05937 | +0.069% | $3.4M | $6.6M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05934 | +0.020% | $311K | $371K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05933 | −0.008% | $13.8M | $128.3M | 75x | as long as short |
GMX SEI/USD [ETH-USDC]
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SEIUSDT | +0.0100% | 8h | 0.05925 | −0.135% | $13.9M | $36.5M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05928 | −0.084% | $3.0M | $40.3M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05933 | 0.000% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05931 | −0.034% | $29.5M | $26.8M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05933 | 0.000% | $7.1M | $14.3M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05933 | 0.000% | $9.3M | $17.2M | 75x | as long as short |
| BingX SEI-USDTshort | +0.0100% | 8h | 0.05931 | −0.034% | — | $32.9M | — | |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.05933 | long leg | $118K | $564K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05938 | +0.084% | $200K | $1.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05940 | +0.118% | $108K | $669K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05950 | +0.287% | $22K | $4.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05930 | −0.054% | $75K | $477K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0213% | 1h | 0.05936 | +0.048% | $377K | $1.7M | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05936 | +0.051% | $715K | $1.3M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05935 | +0.034% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0863% | 1h | 0.05969 | +0.607% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.1953% | 1h | 0.05939 | +0.108% | $101K | $2K | 5x | as long as short |
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Kraken Futures PF_SEIUSD
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD