Funding you earn now, next payment 01:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.071%
Price spread now: Kraken Futures against Binance+0.047%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$590.593% of the position
Funding, last 7 days+0.364%+$36 on $10k
+Price spread, last 3 days (all we have)−0.025%−$3 · spread now +0.047%, 7d avg +0.022%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.025% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SEIUSDT | 0.05950 | 0.0100 | pay 0.0100% / 8h | 7h 27m | $14.4M | $127.4M | 75x |
| Short | Kraken Futures PF_SEIUSD | 0.05953 | 0.0179 | get 0.0022% / 1h | 27m 44s | $367K | $1.6M | 50x |
Binance SEIUSDT
Kraken Futures PF_SEIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $16.6
- Price spread: +0.047% → +0.022%
- $2.46
- Slippage, 4 orders
- −$39.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$40.25
- Costs to cover
- 0.593%
- Break-even
- 24.0 days
Slippage from Binance: live order book, 15 min ago; Kraken Futures: live order book, 1 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 Binance live order book, 15 min ago | 0.85 bp | 8.7 bp −$9 | 13.4 bp −$134 | 93.0 bp −$9,304 | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 6.72 bp | 22.5 bp −$22 | 53.0 bp −$530 | 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 | 0.05949 | −0.022% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0103% | 8h | 0.05911 | −0.667% | $316K | $215K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05952 | +0.029% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0086% | 1h | 0.05954 | +0.062% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05953 | +0.046% | $271K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05953 | +0.046% | $1K | $110K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05957 | +0.113% | $3.5M | $6.4M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05949 | −0.022% | $311K | $349K | 20x | as long as short |
| Binance SEIUSDTlong | +0.0100% | 8h | 0.05950 | long leg | $14.4M | $127.4M | 75x | |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05946 | −0.072% | $14.0M | $35.8M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster 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 | 0.05946 | −0.072% | $3.1M | $39.6M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05950 | −0.005% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05949 | −0.022% | $33.8M | $27.6M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05950 | −0.005% | $6.1M | $14.3M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05950 | −0.005% | $9.3M | $16.8M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05948 | −0.039% | — | $33.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05953 | +0.046% | $118K | $560K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05914 | −0.612% | $207K | $1.6M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05910 | −0.677% | $108K | $672K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05960 | +0.163% | $23K | $4.5M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05945 | −0.085% | $75K | $544K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0144% | 1h | 0.05900 | −0.845% | $34K | $204K | 50x | as long as short |
| Kraken Futures PF_SEIUSDshort | +0.0179% | 1h | 0.05953 | +0.047% | $367K | $1.6M | 50x | |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05955 | +0.079% | $727K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05948 | −0.041% | $114 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0974% | 1h | 0.05940 | −0.173% | $9K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.1039% | 1h | 0.05944 | −0.105% | $101K | $2K | 5x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
BloFin SEI-USDT
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD