Funding you earn now, next payment 11:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.044%
Price spread now: Coinbase International against Bybit−0.541%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1411.410% of the position
Funding, last 7 days−0.490%−$49 on $10k
+Price spread, last 4 days (all we have)+0.328%+$33 · spread now −0.541%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.538% cheaper against Bybit than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SEIUSDT | 0.06098 | 0.0049 | pay 0.0049% / 8h | 4h 08m | $14.7M | $27.3M | 50x |
| Short | Coinbase International SEI-PERP-INTX | 0.06065 | −0.0160 | pay 0.0020% / 1h | 8m 07s | $67K | $151K | 50x |
Bybit SEIUSDT
Coinbase International SEI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- −$43.93
- Price spread: −0.541% → −0.003%
- −$53.81
- Slippage, 4 orders
- −$120.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$238.77
- Costs to cover
- 1.410%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 33 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 Bybit live order book, 4 min ago | 0.82 bp | 12.8 bp −$13 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 33 min ago | 10.62 bp | 56.7 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
SEI on 27 exchanges
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 | −0.0195% | 8h | 0.06067 | −0.511% | $318K | $164K | — | as long as short |
| Coinbase International SEI-PERP-INTXshort | −0.0160% | 1h | 0.06065 | −0.541% | $67K | $151K | 50x | |
| Injective SEI/USDC PERP | −0.0076% | 1h | 0.06085 | −0.213% | $9K | $36K | 12x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.06107 | +0.145% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06106 | +0.131% | $10K | $72K | 25x | as long as short |
| Bybit SEIUSDTlong | +0.0049% | 8h | 0.06098 | long leg | $14.7M | $27.3M | 50x | |
| Kraken Futures PF_SEIUSD | +0.0092% | 1h | 0.06106 | +0.135% | $365K | $1.5M | 50x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06107 | +0.148% | $300K | $946K | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06112 | +0.226% | $4.0M | $3.4M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06107 | +0.148% | $330K | $259K | 20x | as long as short |
Variational Omni SEI
Injective SEI/USDC PERP
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Kraken Futures PF_SEIUSD
Lighter SEI
Hyperliquid SEI
Aster SEIUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SEIUSDT | +0.0100% | 8h | 0.06104 | +0.106% | $15.0M | $89.1M | 75x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06101 | +0.049% | $3.5M | $25.2M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06104 | +0.098% | $1.1M | $2.0M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06103 | +0.082% | $21.1M | $29.2M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06109 | +0.180% | $6.9M | $13.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06104 | +0.098% | $9.4M | $13.0M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06102 | +0.066% | — | $13.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06106 | +0.131% | $122K | $664K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06073 | −0.403% | $213K | $3.2M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06080 | −0.295% | $92K | $676K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06105 | +0.115% | $2K | $301K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06104 | +0.098% | $23K | $2.0M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06104 | +0.102% | $66K | $487K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0215% / S −0.0631% | 1h | 0.06106 | +0.130% | $3K | — | 100x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06104 | +0.098% | $752K | $1.5M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06106 | +0.137% | $117 | — | 20x | as long as short |
| dYdX SEI-USD | +0.1544% | 1h | 0.06101 | +0.053% | $104K | $872 | 5x | as long as short |
Binance SEIUSDT
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
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
GMX SEI/USD [ETH-USDC]
BloFin SEI-USDT
Reya SEIRUSDPERP
dYdX SEI-USD