Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h +0.073%
Price spread now: Hyperliquid against Coinbase International+0.810%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$1551.552% of the position
Funding, last 7 days+0.574%+$57 on $10k
+Price spread, last 4 days (all we have)−0.570%−$57 · spread now +0.810%, 7d avg +0.092%
=Together, before fees+0.004%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.718% dearer against Coinbase International than usual: you sell high and buy low (spread +0.810% now, against its 7-day average of +0.092%): +$72 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.574%, 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 | 0.05912 | 0.0280 | pay 0.0035% / 1h | 22m 02s | $41K | $224K | 50x |
| Short | Hyperliquid SEI | 0.05960 | 0.0100 | get 0.0013% / 1h | 22m 02s | $3.4M | $5.0M | 5x |
Coinbase International SEI-PERP-INTX
Hyperliquid SEIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$37.8
- Price spread: +0.810% → +0.092%
- $71.84
- Slippage, 4 orders
- −$136.2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$121.16
- Costs to cover
- 1.552%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 26 min ago; Hyperliquid: live order book, 10 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, 26 min ago | 15.97 bp | 70.8 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.68 bp | 11.0 bp −$11 | doesn't fit | 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 | −0.0158% | 8h | 0.05911 | −0.025% | $317K | $175K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05949 | +0.618% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0014% / S +0.0021% | 1h | 0.05947 | +0.589% | $3K | — | 100x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05957 | +0.761% | $271K | $1.1M | 10x | as long as short |
| Hyperliquid SEIshort | +0.0100% | 1h | 0.05960 | +0.810% | $3.4M | $5.0M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.05953 | +0.696% | $311K | $355K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05960 | +0.812% | $14.3M | $127.1M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05956 | +0.744% | $14.2M | $34.6M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05955 | +0.727% | $3.4M | $36.9M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05955 | +0.727% | $1.1M | $3.1M | 75x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Lighter SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SEI_USDT | +0.0100% | 8h | 0.05955 | +0.727% | $34.9M | $27.7M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05958 | +0.778% | $6.4M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05961 | +0.829% | $9.8M | $16.6M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05955 | +0.727% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05962 | +0.846% | $106K | $649K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05928 | +0.273% | $203K | $2.3M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05920 | +0.135% | $100K | $672K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05951 | +0.660% | $2K | $112K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05952 | +0.677% | $22K | $4.0M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05954 | +0.708% | $76K | $561K | 25x | as long as short |
| Coinbase International SEI-PERP-INTXlong | +0.0280% | 1h | 0.05912 | long leg | $41K | $224K | 50x | |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05950 | +0.635% | $114 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0368% | 8h | 0.05933 | +0.355% | $724K | $1.4M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0410% | 1h | 0.05940 | +0.474% | $9K | $43K | 12x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0422% | 1h | 0.05955 | +0.727% | $376 | $72K | 25x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0541% | 1h | 0.05955 | +0.734% | $367K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.1307% | 1h | 0.05939 | +0.458% | $101K | $2K | 5x | as long as short |
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
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
Deribit SEI_USDC-PERPETUAL
Kraken Futures PF_SEIUSD
dYdX SEI-USD