Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h −0.037%
Price spread now: Deribit against Backpack−0.135%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 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
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Deribit is 0.135% cheaper against Backpack than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.05935 | 0.0100 | pay 0.0013% / 1h | 36m 10s | $107K | $648K | 10x |
| Short | Deribit SEI_USDC-PERPETUAL | 0.05927 | 0.0088 | get 0.0011% / 1h | 36m 10s | $374 | $72K | 25x |
Backpack SEI_USDC_PERP
Deribit SEI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$2.52
- Price spread: −0.135% → 0.000%
- −$13.48
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$33
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 8 min ago; Deribit: 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 Backpack live order book, 8 min ago | 0.84 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0118% | 8h | 0.05967 | +0.547% | $311K | $178K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05926 | −0.159% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0042% / S −0.0063% | 1h | 0.05925 | −0.172% | $3K | — | 100x | as long as short |
| Deribit SEI_USDC-PERPETUALshort | +0.0088% | 1h | 0.05927 | −0.135% | $374 | $72K | 25x | |
| Lighter SEI | +0.0096% | 1h | 0.05929 | −0.101% | $268K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05928 | −0.123% | $3.4M | $4.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05930 | −0.092% | $310K | $367K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05927 | −0.127% | $14.3M | $125.3M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05926 | −0.152% | $14.0M | $34.2M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05929 | −0.101% | $3.3M | $36.0M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.05924 | −0.185% | $1.1M | $3.0M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05928 | −0.118% | $35.3M | $27.6M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05932 | −0.051% | $6.5M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05929 | −0.101% | $9.6M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05923 | −0.202% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.05935 | long leg | $107K | $648K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05971 | +0.609% | $206K | $2.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05970 | +0.590% | $101K | $668K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05927 | −0.135% | $2K | $146K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05936 | +0.017% | $22K | $3.8M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05925 | −0.168% | $75K | $545K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0272% | 1h | 0.05980 | +0.758% | $43K | $230K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05924 | −0.193% | $113 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0353% | 1h | 0.05929 | −0.105% | $364K | $1.6M | 50x | as long as short |
| BloFin SEI-USDT | +0.0367% | 8h | 0.05942 | +0.118% | $730K | $1.4M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0402% | 1h | 0.05966 | +0.522% | $9K | $40K | 12x | as long as short |
| dYdX SEI-USD | +0.1871% | 1h | 0.05925 | −0.161% | $101K | $2K | 5x | as long as short |
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
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
Kraken Futures PF_SEIUSD
BloFin SEI-USDT
Injective SEI/USDC PERP
dYdX SEI-USD