Funding you earn now, next payment 00:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h −0.021%
Price spread now: Variational Omni against Backpack−0.939%7-day average −0.157% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)+1.022%+$102 · spread now −0.939%, 7d avg −0.157%
=Together, before fees+0.946%+ Points / potential airdropVariational Omni: Active · farm board+$95 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.782% cheaper against Backpack than usual: you would sell low and buy high (−$78 if the spread goes back to its 7-day average of −0.157%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.076% in total (about -8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SEI_USDC_PERP | 0.05941 | 0.0249 | pay 0.0031% / 1h | 55m 36s | $119K | $564K | 10x |
| Short | Variational Omni SEI | 0.05885 | −0.0004 | pay 0.0004% / 8h | 55m 36s | $311K | $232K | — |
Backpack SEI_USDC_PERP
Variational Omni SEIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$53.14
- Price spread: −0.939% → −0.157%
- −$78.22
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$141.36
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 23 min ago; Variational Omni: RFQ quote, 23 min ago. 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, 23 min ago | 0.85 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 23 min ago | 4.26 bp | doesn't fit | 21.3 bp −$213 | doesn't fit | 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 | 0.05937 | −0.072% | $23K | — | 100x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05937 | −0.067% | $8K | — | 150x | as long as short |
| Variational Omni SEIshort | −0.0004% | 8h | 0.05885 | −0.939% | $311K | $232K | — | |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05940 | −0.017% | $20K | $62K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05944 | +0.050% | $266K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0099% | 8h | 0.05938 | −0.050% | $1K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05945 | +0.064% | $3.4M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05943 | +0.035% | $310K | $368K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05943 | +0.034% | $13.8M | $125.8M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05940 | −0.017% | $14.0M | $36.1M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Orderly PERP_SEI_USDC
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 | 0.05943 | +0.034% | $3.1M | $40.0M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05945 | +0.067% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05946 | +0.084% | $29.1M | $25.3M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05942 | +0.017% | $6.6M | $14.1M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05950 | +0.151% | $9.4M | $17.0M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05948 | +0.118% | — | $33.2M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05898 | −0.732% | $209K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05900 | −0.690% | $107K | $668K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05946 | +0.084% | $22K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05946 | +0.092% | $75K | $476K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05924 | −0.286% | $697K | $1.2M | 75x | as long as short |
| Backpack SEI_USDC_PERPlong | +0.0249% | 1h | 0.05941 | long leg | $119K | $564K | 10x | |
| Kraken Futures PF_SEIUSD | +0.0323% | 1h | 0.05939 | −0.036% | $372K | $1.6M | 50x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0328% | 1h | 0.05920 | −0.353% | $33K | $208K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05939 | −0.039% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.1153% | 1h | 0.05950 | +0.151% | $9K | $42K | 12x | as long as short |
| dYdX SEI-USD | +0.3104% | 1h | 0.05940 | −0.013% | $101K | $2K | 5x | as long as short |
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
BloFin SEI-USDT
Kraken Futures PF_SEIUSD
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD