Settings8H · net · $10k
Funding arb · Price arb /

SEI

all SEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Backpack−0.101%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$490.489% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.175%−$17 on $10k
Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.101%, 7d avg −0.102%
Together, before fees−0.087%−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack SEI_USDC_PERP0.059280.0100pay 0.0013% / 1h28m 55s$118K$572K10x
ShortBybit SEIUSDT0.059220.0100get 0.0100% / 8h6h 28m$14.0M$36.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Backpack. 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

Funding earned
$0
Price spread: −0.101% → −0.102%
$0.04
Slippage, 4 orders
−$27.88
Fee Backpack: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$48.85
Costs to cover
0.489%
Break-even
never at this rate
Slippage from Backpack: live order book, 40 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 40 min ago0.83 bp9.7 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.84 bp13.8 bp −$1431.7 bp −$317doesn't fitdoesn't fit

SEI on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX SEI/USD [ETH-USDC]L −0.0815% / S +0.0444%1h0.05924−0.071%$23K100xas long as short
Variational Omni SEI−0.0126%8h0.05933+0.077%$317K$208Kas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.05926−0.042%150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05923−0.084%$10K$72K25xas long as short
Coinbase International SEI-PERP-INTX+0.0048%1h0.05932+0.067%$34K$206K50xas long as short
Lighter SEI+0.0096%1h0.05929+0.017%$269K$1.2M10xas long as short
Hyperliquid SEI+0.0100%1h0.05931+0.057%$3.4M$6.3M5xas long as short
Aster SEIUSDT+0.0100%8h0.05928+0.008%$310K$355K20xas long as short
Binance SEIUSDT+0.0100%8h0.059280.000%$14.1M$129.3M75xas long as short
Bybit SEIUSDTshort+0.0100%8h0.05922−0.101%$14.0M$36.2M50x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05925−0.051%$3.1M$39.9M50xas long as short
Gate SEI_USDT+0.0100%8h0.05926−0.034%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05927−0.017%$34.5M$28.6M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.059280.000%$6.3M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.059280.000%$9.4M$16.8M75xas long as short
BingX SEI-USDT+0.0100%8h0.05926−0.034%$31.6Mas long as short
Backpack SEI_USDC_PERPlong+0.0100%1h0.05928long leg$118K$572K10x
GRVT SEI_USDT_Perp+0.0100%8h0.05928+0.001%$210K$1.6M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05930+0.034%$108K$674K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05926−0.034%$2K$102K20xas long as short
SunX SEI-USDT+0.0100%8h0.05937+0.152%$22K$4.4M30xas long as short
Extended SEI-USD+0.0104%1h0.05924−0.060%$75K$540K25xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05926−0.028%$11320xas long as short
Kraken Futures PF_SEIUSD+0.0379%1h0.05923−0.084%$369K$1.6M50xas long as short
dYdX SEI-USD+0.0533%1h0.05932+0.076%$101K$2K5xas long as short
Injective SEI/USDC PERP+0.0844%1h0.05932+0.067%$9K$43K12xas long as short