Funding arb · Price arb /

SEI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.032%

Price spread now: Bybit against gTrade (Gains Network)−0.067%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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. Bybit is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SEI/USD	0.05876	L −0.0005% / S +0.0006%	get 0.0001% / 1h	16m 41s	$8K	—	150x
Short	Bybit SEIUSDT	0.05872	0.0100	get 0.0100% / 8h	1h 16m	$13.8M	$36.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.067%Rate

Funding earned: $22.08
Price spread: −0.067% → 0.000%: −$6.71
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.63
Costs to cover: 0.210%
Break-even: 8.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.85 bp	11.2 bp −$11	24.4 bp −$244	doesn't fit	doesn't fit

gTrade (Gains Network): 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
GMX SEI/USD [ETH-USDC]	L −0.0802% / S +0.0440%	1h	0.05874	−0.028%	$23K	—	100x	as long as short
gTrade (Gains Network) SEI/USDlong	L −0.0005% / S +0.0006%	1h	0.05876	long leg	$8K	—	150x
Deribit SEI_USDC-PERPETUAL	0.0000%	1h	0.05876	+0.001%	$19K	$62K	25x	as long as short
Variational Omni SEI	+0.0009%	8h	0.05883	+0.116%	$311K	$232K	—	as long as short
Lighter SEI	+0.0096%	1h	0.05876	+0.001%	$265K	$1.2M	10x	as long as short
Orderly PERP_SEI_USDC	+0.0099%	8h	0.05875	−0.016%	$2K	$110K	20x	as long as short
Hyperliquid SEI	+0.0100%	1h	0.05878	+0.030%	$3.4M	$6.5M	5x	as long as short
Aster SEIUSDT	+0.0100%	8h	0.05876	+0.005%	$307K	$368K	20x	as long as short
Binance SEIUSDT	+0.0100%	8h	0.05877	+0.016%	$13.6M	$125.8M	75x	as long as short
Bybit SEIUSDTshort	+0.0100%	8h	0.05872	−0.067%	$13.8M	$36.1M	50x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SEI-USDT-SWAP	+0.0100%	4h	0.05872	−0.067%	$3.0M	$39.6M	50x	as long as short
Gate SEI_USDT	+0.0100%	8h	0.05872	−0.067%	$1.1M	$3.5M	75x	as long as short
MEXC SEI_USDT	+0.0100%	8h	0.05875	−0.016%	$28.7M	$26.1M	300x	as long as short
KuCoin SEIUSDTM	+0.0100%	8h	0.05878	+0.035%	$6.6M	$14.1M	75x	as long as short
Bitget SEIUSDT	+0.0100%	8h	0.05876	+0.001%	$9.2M	$16.9M	75x	as long as short
BingX SEI-USDT	+0.0100%	8h	0.05876	+0.001%	—	$33.2M	—	as long as short
Backpack SEI_USDC_PERP	+0.0100%	1h	0.05877	+0.018%	$118K	$563K	10x	as long as short
GRVT SEI_USDT_Perp	+0.0100%	8h	0.05879	+0.052%	$208K	$1.5M	10x	as long as short
ApeX Omni SEIUSDT	+0.0100%	1h	0.05890	+0.239%	$107K	$666K	50x	as long as short
SunX SEI-USDT	+0.0100%	8h	0.05883	+0.120%	$22K	$4.6M	30x	as long as short
Extended SEI-USD	+0.0104%	1h	0.05876	+0.003%	$75K	$476K	25x	as long as short
Kraken Futures PF_SEIUSD	+0.0190%	1h	0.05877	+0.017%	$371K	$1.6M	50x	as long as short
Coinbase International SEI-PERP-INTX	+0.0192%	1h	0.05886	+0.171%	$33K	$207K	50x	as long as short
BloFin SEI-USDT	+0.0220%	8h	0.05882	+0.103%	$696K	$1.2M	75x	as long as short
Reya SEIRUSDPERP	+0.0346%	1h	0.05876	−0.004%	$112	—	20x	as long as short
Injective SEI/USDC PERP	+0.0864%	1h	0.05870	−0.101%	$8K	$42K	12x	as long as short
dYdX SEI-USD	+0.2646%	1h	0.05871	−0.078%	$100K	$2K	5x	as long as short