SEI

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0561%/8h= +61.5% APRnext payment +$0.70 per $10,000 · paid last 24h +0.070%

Price spread now: GMX against Coinbase International−0.115%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. GMX is 0.115% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 16 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SEI-PERP-INTX	0.06150	0.0056	pay 0.0007% / 1h	54m 54s	$68K	$270K	50x
Short	GMX SEI/USD [ETH-USDC]	0.06143	L +0.0211% / S −0.0617%	get 0.0077% / 1h	54m 54s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.115%Rate

Funding earned: $117.89
Price spread: −0.115% → 0.000%: −$11.54
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $84.35
Costs to cover: 0.220%
Break-even: 2.0 days

Slippage unknown: Coinbase International: live order book, 38 min ago; GMX: 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 Coinbase International live order book, 38 min ago	7.45 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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
Injective SEI/USDC PERP	−0.0137%	1h	0.06192	+0.683%	$9K	$40K	12x	as long as short
Variational Omni SEI	−0.0112%	8h	0.06138	−0.190%	$320K	$183K	—	as long as short
gTrade (Gains Network) SEI/USD	L −0.0005% / S +0.0006%	1h	0.06190	+0.650%	$8K	—	150x	as long as short
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.06140	−0.163%	$388	$62K	25x	as long as short
Coinbase International SEI-PERP-INTXlong	+0.0056%	1h	0.06150	long leg	$68K	$270K	50x
Backpack SEI_USDC_PERP	+0.0070%	1h	0.06138	−0.195%	$118K	$697K	10x	as long as short
Lighter SEI	+0.0096%	1h	0.06126	−0.390%	$270K	$1.1M	10x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.06137	−0.213%	$4.1M	$4.6M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.06136	−0.228%	$337K	$350K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.06130	−0.325%	$15.0M	$120.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SEIUSDT	+0.0100%	8h	0.06124	−0.423%	$14.7M	$34.1M	50x	as long as short
OKX SEI-USDT-SWAP	+0.0100%	4h	0.06126	−0.390%	$3.5M	$36.2M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.06134	−0.260%	$1.1M	$2.9M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.06132	−0.293%	$32.0M	$28.4M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.06134	−0.260%	$6.8M	$14.6M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.06130	−0.325%	$9.7M	$17.2M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.06128	−0.358%	—	$17.0M	—	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.06173	+0.381%	$221K	$2.8M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.06170	+0.325%	$103K	$674K	50x	as long as short
Orderly PERP_SEI_USDC	+0.0100%	8h	0.06142	−0.130%	$2K	$294K	20x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.06150	0.000%	$23K	$3.4M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.06130	−0.323%	$68K	$433K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0168%	1h	0.06138	−0.198%	$372K	$1.7M	50x	as long as short
GMX SEI/USD [ETH-USDC]short	L +0.0211% / S −0.0617%	1h	0.06143	−0.115%	$3K	—	100x
BloFin SEI-USDT	+0.0220%	8h	0.06144	−0.098%	$752K	$1.6M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.06146	−0.070%	$117	—	20x	as long as short
dYdX SEI-USD	+0.0938%	1h	0.06145	−0.075%	$105K	$2K	5x	as long as short