Funding you earn now, next payment 04:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h +0.034%
Price spread now: Variational Omni against Coinbase International+0.477%7-day average −0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)−0.315%−$31 · spread now +0.477%, 7d avg −0.057%
=Together, before fees−0.206%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.534% dearer against Coinbase International than usual: you sell high and buy low (spread +0.477% now, against its 7-day average of −0.057%): +$53 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 4 days funding on this pair paid +0.108%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.108% in total (about 11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SEI-PERP-INTX | 0.05960 | 0.0200 | pay 0.0025% / 1h | 2m 42s | $42K | $224K | 50x |
| Short | Variational Omni SEI | 0.05988 | −0.0202 | pay 0.0202% / 8h | 3h 02m | $323K | $185K | — |
Coinbase International SEI-PERP-INTX
Variational Omni SEIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$84.39
- Price spread: +0.477% → −0.057%
- $53.41
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$40.98
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 50 min ago; Variational Omni: RFQ quote, 51 min ago. 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, 50 min ago | 13.25 bp | 57.8 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 51 min ago | 4.16 bp | doesn't fit | 17.5 bp −$175 | 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 SEIshort | −0.0202% | 8h | 0.05988 | +0.477% | $323K | $185K | — | |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05950 | −0.174% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05944 | −0.268% | $375 | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0047% / S +0.0050% | 1h | 0.05951 | −0.156% | $6K | — | 100x | as long as short |
| Bybit SEIUSDT | +0.0057% | 8h | 0.05927 | −0.554% | $14.2M | $34.6M | 50x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05941 | −0.319% | $269K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05945 | −0.258% | $3.4M | $5.1M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05943 | −0.292% | $311K | $333K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05936 | −0.402% | $14.5M | $128.0M | 75x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05931 | −0.487% | $3.4M | $37.7M | 50x | as long as short |
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
Bybit SEIUSDT
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 | 0.05928 | −0.537% | $1.1M | $3.2M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05933 | −0.453% | $34.1M | $29.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05943 | −0.285% | $6.4M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05934 | −0.436% | $9.8M | $16.7M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05926 | −0.570% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05951 | −0.151% | $103K | $629K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05979 | +0.319% | $204K | $2.2M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06000 | +0.671% | $102K | $669K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05952 | −0.134% | $2K | $70K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05958 | −0.034% | $23K | $4.1M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05928 | −0.533% | $76K | $546K | 25x | as long as short |
| Coinbase International SEI-PERP-INTXlong | +0.0200% | 1h | 0.05960 | long leg | $42K | $224K | 50x | |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05942 | −0.302% | $748K | $1.3M | 75x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0260% | 1h | 0.05953 | −0.118% | $366K | $1.6M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05959 | −0.025% | $114 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0510% | 1h | 0.05980 | +0.336% | $9K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.1269% | 1h | 0.05937 | −0.386% | $101K | $2K | 5x | as long as short |
Gate SEI_USDT
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
BloFin SEI-USDT
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD