Funding you earn now, next payment 03:00 UTC−0.0373%/8h= −40.9% APRpaid last 24h −0.066%
Price spread now: BingX against Kraken Futures−0.358%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$610.608% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 3 days (all we have)+0.320%+$32 · spread now −0.358%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BingX is 0.322% cheaper against Kraken Futures than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.240% in total (about -12.5% 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 | Kraken Futures PF_SEIUSD | 0.06016 | 0.0473 | pay 0.0059% / 1h | 55m 40s | $378K | $1.6M | 50x |
| Short | BingX SEI-USDT | 0.05994 | 0.0100 | get 0.0100% / 8h | 5h 55m | — | $31.2M | — |
Kraken Futures PF_SEIUSD
BingX SEI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$78.4
- Price spread: −0.358% → −0.036%
- −$32.19
- Slippage, 4 orders
- −$40.78
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$171.37
- Costs to cover
- 0.608%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 13 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 Kraken Futures live order book, 3 min ago | 2.51 bp | 14.9 bp −$15 | 49.0 bp −$490 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 1.68 bp | 12.2 bp −$12 | 25.5 bp −$255 | 77.0 bp −$7,700 | 382.2 bp −$191.1K |
SEI on 26 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 −0.0815% / S +0.0444% | 1h | 0.06012 | −0.052% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0115% | 8h | 0.06010 | −0.100% | $319K | $187K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06011 | −0.081% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0083% | 1h | 0.06016 | +0.008% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05998 | −0.291% | $272K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06002 | −0.220% | $3.5M | $5.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06002 | −0.222% | $314K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05994 | −0.354% | $14.3M | $127.9M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05986 | −0.491% | $14.2M | $35.6M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05988 | −0.458% | $3.2M | $39.6M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06001 | −0.241% | $1.1M | $3.3M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05995 | −0.341% | $34.5M | $27.4M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06001 | −0.241% | $6.4M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05994 | −0.358% | $9.5M | $16.5M | 75x | as long as short |
| BingX SEI-USDTshort | +0.0100% | 8h | 0.05994 | −0.358% | — | $31.2M | — | |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06011 | −0.075% | $121K | $567K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05982 | −0.554% | $205K | $1.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05970 | −0.757% | $109K | $664K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06014 | −0.025% | $2K | $97K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06007 | −0.142% | $23K | $4.4M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05991 | −0.407% | $77K | $546K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0128% | 1h | 0.05977 | −0.640% | $34K | $207K | 50x | as long as short |
| Injective SEI/USDC PERP | +0.0156% | 1h | 0.05990 | −0.424% | $9K | $43K | 12x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06016 | +0.008% | $115 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0473% | 1h | 0.06016 | long leg | $378K | $1.6M | 50x | |
| dYdX SEI-USD | +0.1535% | 1h | 0.05994 | −0.358% | $102K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
Injective SEI/USDC PERP
Reya SEIRUSDPERP
dYdX SEI-USD