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

SEI

all SEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.445%
Price spread now: BloFin against dYdX+0.825%392s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1351.349% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.576%−$158 on $10k
Price spread, last 3 days (all we have)−0.799%−$80 · spread now +0.825%, 7d avg +0.034%
Together, before fees−2.374%−$237 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.791% dearer against dYdX than usual: you sell high and buy low (spread +0.825% now, against its 7-day average of +0.034%): +$79 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−1.576% in total) that is about 3.5 days. The two prices were read 392 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX SEI-USD0.059270.0464pay 0.0058% / 1h41m 55s$101K$2K5x
ShortBloFin SEI-USDT0.059760.0220get 0.0220% / 8h6h 41m$720K$1.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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
−$51.23
Price spread: +0.825% → +0.034%
$79.07
Slippage, 4 orders
−$112.87
Fee dYdX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$107.02
Costs to cover
1.349%
Break-even
never at this rate
Slippage from dYdX: live order book, 27 min ago; BloFin: live order book, 10 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 dYdX live order book, 27 min ago38.94 bp51.2 bp −$51263.6 bp −$2,636314.3 bp −$31.4K459.5 bp −$229.8K
Sell BloFin live order book, 10 min ago2.51 bp11.4 bp −$1124.9 bp −$24989.6 bp −$8,958doesn'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 −0.0815% / S +0.0444%1h0.05920−0.127%$23K100xas long as short
Variational Omni SEI−0.0136%8h0.05925−0.043%$317K$210Kas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05922−0.093%$11K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05923−0.069%$10K$72K25xas long as short
Coinbase International SEI-PERP-INTX+0.0048%1h0.05939+0.201%$34K$205K50xas long as short
Bybit SEIUSDT+0.0071%8h0.05915−0.204%$14.0M$36.2M50xas long as short
Lighter SEI+0.0096%1h0.05923−0.069%$269K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05923−0.069%$2K$99K20xas long as short
Hyperliquid SEI+0.0100%1h0.05926−0.020%$3.4M$6.4M5xas long as short
Aster SEIUSDT+0.0100%8h0.05926−0.022%$310K$355K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SEIUSDT+0.0100%8h0.05923−0.063%$14.1M$129.4M75xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05917−0.171%$3.1M$39.9M50xas long as short
Gate SEI_USDT+0.0100%8h0.05920−0.120%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05923−0.069%$34.9M$28.4M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05925−0.036%$6.4M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05922−0.086%$9.4M$16.9M75xas long as short
BingX SEI-USDT+0.0100%8h0.05922−0.086%$31.6Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05925−0.036%$117K$571K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05924−0.052%$201K$1.6M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05930+0.049%$108K$675K50xas long as short
SunX SEI-USDT+0.0100%8h0.05931+0.066%$23K$4.5M30xas long as short
Extended SEI-USD+0.0104%1h0.05920−0.128%$75K$540K25xas long as short
BloFin SEI-USDTshort+0.0220%8h0.05976+0.825%$720K$1.1M75x
Reya SEIRUSDPERP+0.0346%1h0.05923−0.076%$11320xas long as short
Kraken Futures PF_SEIUSD+0.0379%1h0.05922−0.080%$371K$1.6M50xas long as short
dYdX SEI-USDlong+0.0464%1h0.05927long leg$101K$2K5x
Injective SEI/USDC PERP+0.0844%1h0.05956+0.487%$9K$43K12xas long as short