Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.068%
Price spread now: Bybit against Coinbase International+1.824%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs+$23as in the Price arb table
costs, in and out, $10k−$1591.588% of the position
Funding, last 7 days+0.464%+$46 on $10k
+Price spread, last 4 days (all we have)−1.845%−$184 · spread now +1.824%, 7d avg +0.008%
=The price spread pays, funding is against you. Bybit is 1.815% dearer against Coinbase International than usual: you sell high and buy low (spread +1.824% now, against its 7-day average of +0.008%): +$182 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7 months. Mind the row above: over the last 7 days funding on this pair paid +0.464%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SEI-PERP-INTX | 0.05977 | 0.0128 | pay 0.0016% / 1h | 35m 51s | $34K | $207K | 50x |
| Short | Bybit SEIUSDT | 0.06086 | 0.0100 | get 0.0100% / 8h | 5h 35m | $14.6M | $35.9M | 50x |
Coinbase International SEI-PERP-INTX
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Coinbase International. 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
- −$5.88
- Price spread: +1.824% → +0.008%
- $181.52
- Slippage, 4 orders
- −$137.76
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $16.88
- Costs to cover
- 1.588%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 27 min ago; Bybit: live order book, 3 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 Coinbase International live order book, 27 min ago | 18.40 bp | 71.4 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.83 bp | 13.9 bp −$14 | 39.3 bp −$393 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0110% | 8h | 0.06082 | +1.762% | $325K | $177K | — | as long as short |
| GMX SEI/USD [ETH-USDC] | L −0.0012% / S +0.0191% | 1h | 0.06089 | +1.871% | $6K | — | 100x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06089 | +1.880% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06089 | +1.874% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06089 | +1.874% | $275K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06091 | +1.916% | $3.5M | $5.8M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06087 | +1.839% | $318K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06091 | +1.907% | $14.7M | $128.4M | 75x | as long as short |
| Bybit SEIUSDTshort | +0.0100% | 8h | 0.06086 | +1.824% | $14.6M | $35.9M | 50x | |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06086 | +1.824% | $3.3M | $40.2M | 50x | as long as short |
Variational Omni SEI
GMX SEI/USD [ETH-USDC]
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06095 | +1.974% | $1.2M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06095 | +1.974% | $35.0M | $27.8M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06087 | +1.840% | $6.5M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06097 | +2.008% | $9.6M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06090 | +1.891% | — | $31.2M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06043 | +1.111% | $213K | $1.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06030 | +0.887% | $109K | $666K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06089 | +1.874% | $2K | $97K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06097 | +2.008% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06095 | +1.967% | $79K | $546K | 25x | as long as short |
| Coinbase International SEI-PERP-INTXlong | +0.0128% | 1h | 0.05977 | long leg | $34K | $207K | 50x | |
| Backpack SEI_USDC_PERP | +0.0142% | 1h | 0.06094 | +1.958% | $121K | $596K | 10x | as long as short |
| Injective SEI/USDC PERP | +0.0156% | 1h | 0.06049 | +1.205% | $9K | $43K | 12x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06060 | +1.389% | $736K | $1.2M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06077 | +1.681% | $116 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0467% | 1h | 0.06091 | +1.914% | $382K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.0973% | 1h | 0.06071 | +1.570% | $104K | $2K | 5x | as long as short |
Gate SEI_USDT
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
Backpack SEI_USDC_PERP
Injective SEI/USDC PERP
BloFin SEI-USDT
Reya SEIRUSDPERP
Kraken Futures PF_SEIUSD
dYdX SEI-USD