Funding you earn now, next payment 21:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%
Price spread now: BloFin against Backpack−0.017%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)−0.025%−$2 · spread now −0.017%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.022% dearer against Backpack than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.05915 | 0.0100 | pay 0.0013% / 1h | 42m 49s | $119K | $581K | 10x |
| Short | BloFin SEI-USDT | 0.05914 | 0.0220 | get 0.0220% / 8h | 3h 42m | $731K | $1.3M | 75x |
Backpack SEI_USDC_PERP
BloFin SEI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.017% → −0.039%
- $2.17
- Slippage, 4 orders
- −$21.99
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.62
- Costs to cover
- 0.440%
- Break-even
- 11.6 days
Slippage from Backpack: live order book, 6 min ago; BloFin: live order book, 5 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, 6 min ago | 0.85 bp | 12.6 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.39 bp | 9.4 bp −$9 | 13.8 bp −$138 | 48.7 bp −$4,865 | 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 −0.0802% / S +0.0440% | 1h | 0.05905 | −0.164% | $23K | — | 100x | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0136% | 1h | 0.05910 | −0.085% | $31K | $232K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05907 | −0.139% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05909 | −0.101% | $30K | $52K | 25x | as long as short |
| Variational Omni SEI | +0.0077% | 8h | 0.05889 | −0.447% | $310K | $253K | — | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05916 | +0.017% | $267K | $1.3M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05908 | −0.118% | $1K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05918 | +0.052% | $3.4M | $6.8M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05920 | +0.077% | $310K | $388K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05915 | −0.003% | $14.0M | $130.3M | 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 | 0.05907 | −0.135% | $13.9M | $37.2M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05908 | −0.118% | $3.1M | $40.7M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05909 | −0.101% | $1.1M | $3.6M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05911 | −0.068% | $30.7M | $27.4M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05916 | +0.017% | $7.0M | $14.7M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05914 | −0.017% | $9.3M | $17.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05910 | −0.085% | — | $33.0M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.05915 | long leg | $119K | $581K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05901 | −0.237% | $204K | $1.3M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05900 | −0.254% | $108K | $668K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05918 | +0.051% | $22K | $4.9M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05914 | −0.009% | $75K | $479K | 25x | as long as short |
| BloFin SEI-USDTshort | +0.0220% | 8h | 0.05914 | −0.017% | $731K | $1.3M | 75x | |
| Kraken Futures PF_SEIUSD | +0.0226% | 1h | 0.05910 | −0.078% | $375K | $1.8M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05908 | −0.117% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.1004% | 1h | 0.05939 | +0.406% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.2099% | 1h | 0.05915 | +0.002% | $101K | $2K | 5x | as long as short |
Bybit SEIUSDT
OKX SEI-USDT-SWAP
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
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD