Settings8H · net · $10k
Funding arb · Price arb /

SEI

all SEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRnext payment $0.06 per $10,000 · paid last 24h +0.069%
Price spread now: Lighter against Coinbase International−0.237%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$590.587% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.574%+$57 on $10k
Price spread, last 3 days (all we have)+0.476%+$48 · spread now −0.237%, 7d avg +0.052%
Together, before fees+1.050%+ Points / potential airdropLighter: Season 3 · farm board+$105 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.289% cheaper against Coinbase International than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.052%). Swap the legs. 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SEI-PERP-INTX0.059090.0144pay 0.0018% / 1h55m 08s$33K$205K50x
ShortLighter SEI0.058950.0096get 0.0012% / 1h55m 08s$263K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Profit calculator

Funding earned
−$10.08
Price spread: −0.237% → +0.052%
−$28.9
Slippage, 4 orders
−$48.73
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$97.71
Costs to cover
0.587%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 18 min ago; Lighter: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 18 min ago8.45 bp21.3 bp −$21215.3 bp −$2,153doesn't fitdoesn't fit
Sell Lighter live order book, 11 min ago2.53 bp4.0 bp −$424.1 bp −$241doesn't fitdoesn't fit

SEI on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX SEI/USD [ETH-USDC]L −0.0802% / S +0.0440%1h0.05891−0.301%$23K100xas long as short
Bybit SEIUSDT−0.0167%8h0.05885−0.406%$14.0M$36.0M50xas long as short
Variational Omni SEI−0.0105%8h0.05922+0.215%$316K$222Kas long as short
Gate SEI_USDT−0.0077%8h0.05891−0.305%$1.1M$3.4M75xas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05892−0.288%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05890−0.322%$9K$72K25xas long as short
Lighter SEIshort+0.0096%1h0.05895−0.237%$263K$1.2M10x
Orderly PERP_SEI_USDC+0.0100%8h0.05891−0.305%$1K$110K20xas long as short
Hyperliquid SEI+0.0100%1h0.05900−0.157%$3.4M$6.5M5xas long as short
Aster SEIUSDT+0.0100%8h0.05898−0.178%$309K$361K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SEIUSDT+0.0100%8h0.05895−0.237%$14.3M$127.6M75xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05894−0.254%$3.1M$39.6M50xas long as short
MEXC SEI_USDT+0.0100%8h0.05896−0.220%$33.4M$27.3M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05889−0.338%$6.1M$14.3M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05895−0.237%$9.2M$16.9M75xas long as short
BingX SEI-USDT+0.0100%8h0.05891−0.305%$33.2Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05891−0.305%$115K$562K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05912+0.054%$204K$1.5M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05920+0.186%$108K$675K50xas long as short
SunX SEI-USDT+0.0100%8h0.05910+0.017%$22K$4.6M30xas long as short
Extended SEI-USD+0.0104%1h0.05885−0.399%$75K$471K25xas long as short
Coinbase International SEI-PERP-INTXlong+0.0144%1h0.05909long leg$33K$205K50x
Kraken Futures PF_SEIUSD+0.0181%1h0.05891−0.306%$358K$1.6M50xas long as short
BloFin SEI-USDT+0.0220%8h0.05893−0.271%$722K$1.2M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05889−0.331%$11220xas long as short
dYdX SEI-USD+0.0435%1h0.05908−0.024%$101K$2K5xas long as short
Injective SEI/USDC PERP+0.0974%1h0.05895−0.237%$8K$42K12xas long as short