Funding you earn now, next payment 09:00 UTC+0.0498%/8h= +54.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.505%
Price spread now: dYdX against Backpack−0.108%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$372as in the Price arb table
costs, in and out, $10k−$3673.673% of the position
Funding, last 7 days+1.581%+$158 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.108%, 7d avg −0.063%
=Funding pays, the price is against you. dYdX is 0.045% cheaper against Backpack than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.063%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.06103 | 0.0100 | pay 0.0013% / 1h | 53m 26s | $116K | $676K | 10x |
| Short | dYdX SEI-USD | 0.06096 | 0.0598 | get 0.0075% / 1h | 53m 26s | $104K | $2K | 5x |
Backpack SEI_USDC_PERP
dYdX SEI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $104.54
- Price spread: −0.108% → −0.063%
- −$4.48
- Slippage, 4 orders
- −$347.31
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$267.25
- Costs to cover
- 3.673%
- Break-even
- 24.9 days
Slippage from Backpack: live order book, 45 min ago; dYdX: live order book, 45 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, 45 min ago | 0.82 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 45 min ago | 157.96 bp | 182.8 bp −$183 | 448.9 bp −$4,489 | 506.6 bp −$50.7K | 665.9 bp −$332.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SEI/USDC PERP | −0.0302% | 1h | 0.06110 | +0.115% | $9K | $40K | 12x | as long as short |
| Variational Omni SEI | −0.0094% | 8h | 0.06108 | +0.090% | $323K | $175K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.06102 | −0.011% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06108 | +0.082% | $386 | $72K | 25x | as long as short |
| Gate SEI_USDT | +0.0059% | 8h | 0.06094 | −0.147% | $1.1M | $2.9M | 75x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06099 | −0.066% | $272K | $1.1M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06108 | +0.075% | $3.8M | $4.8M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06101 | −0.029% | $334K | $348K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06101 | −0.035% | $14.8M | $122.9M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06096 | −0.115% | $14.6M | $34.3M | 50x | as long as short |
Injective SEI/USDC PERP
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Gate SEI_USDT
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06099 | −0.066% | $3.5M | $36.5M | 50x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06101 | −0.033% | $39.3M | $27.3M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06105 | +0.033% | $6.9M | $14.6M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06103 | 0.000% | $9.8M | $17.1M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06094 | −0.147% | — | $16.3M | — | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0100% | 1h | 0.06103 | long leg | $116K | $676K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06124 | +0.339% | $212K | $2.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06110 | +0.115% | $102K | $676K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06105 | +0.033% | $2K | $244K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06113 | +0.164% | $23K | $3.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06096 | −0.109% | $69K | $438K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0192% | 1h | 0.06085 | −0.295% | $67K | $264K | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06110 | +0.115% | $750K | $1.6M | 75x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0249% / S −0.2175% | 1h | 0.06105 | +0.039% | $12K | — | 100x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0266% | 1h | 0.06104 | +0.011% | $375K | $1.7M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06103 | −0.008% | $116 | — | 20x | as long as short |
| dYdX SEI-USDshort | +0.0598% | 1h | 0.06096 | −0.108% | $104K | $2K | 5x |
OKX SEI-USDT-SWAP
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
BloFin SEI-USDT
GMX SEI/USD [ETH-USDC]
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP