Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.040%

Price spread now: Deribit against Bybit+0.084%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Deribit is 0.084% dearer against Bybit than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SEIUSDT	0.05982	0.0100	pay 0.0100% / 8h	6h 02m	$14.2M	$35.8M	50x
Short	Deribit SEI_USDC-PERPETUAL	0.05987	0	get 0.0000% / 1h	2m 07s	$10K	$72K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee DeribitbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$21
Price spread: +0.084% → 0.000%: $8.36
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.64
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.67 bp	13.7 bp −$14	35.1 bp −$351	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 26 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 −0.0815% / S +0.0444%	1h	0.05986	+0.070%	$23K	—	100x	as long as short
Variational Omni SEI	−0.0121%	8h	0.05954	−0.460%	$318K	$200K	—	as long as short
gTrade (Gains Network) SEI/USD	L −0.0006% / S +0.0006%	1h	0.05986	+0.061%	—	—	150x	as long as short
Deribit SEI_USDC-PERPETUALshort	0.0000%	1h	0.05987	+0.084%	$10K	$72K	25x
Coinbase International SEI-PERP-INTX	+0.0048%	1h	0.05977	−0.084%	$34K	$207K	50x	as long as short
Lighter SEI	+0.0096%	1h	0.05990	+0.134%	$272K	$1.2M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05988	+0.100%	$3.4M	$5.9M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05983	+0.016%	$313K	$354K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05987	+0.084%	$14.3M	$128.0M	75x	as long as short
Bybit SEIUSDTlong	+0.0100%	8h	0.05982	long leg	$14.2M	$35.8M	50x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05981	−0.017%	$3.2M	$39.7M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05983	+0.017%	$1.1M	$3.4M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05987	+0.084%	$34.6M	$28.7M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05986	+0.067%	$6.4M	$14.5M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05988	+0.100%	$9.5M	$16.5M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05984	+0.033%	—	$31.2M	—	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05959	−0.384%	$210K	$1.7M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05970	−0.201%	$109K	$664K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.05986	+0.067%	$2K	$97K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05992	+0.167%	$22K	$4.4M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05986	+0.068%	$77K	$546K	25x	as long as short
Backpack SEI_USDC_PERP	+0.0130%	1h	0.05989	+0.117%	$119K	$569K	10x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05986	+0.063%	$114	—	20x	as long as short
Kraken Futures PF_SEIUSD	+0.0375%	1h	0.05988	+0.092%	$377K	$1.6M	50x	as long as short
dYdX SEI-USD	+0.0790%	1h	0.05975	−0.110%	$102K	$2K	5x	as long as short
Injective SEI/USDC PERP	+0.0844%	1h	0.05985	+0.050%	$9K	$43K	12x	as long as short