Funding you earn now, next payment 00:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.076%
Price spread now: Bybit against Kraken Futures−0.134%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$580.579% of the position
Funding, last 7 days−0.299%−$30 on $10k
+Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.134%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.067% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SEIUSD | 0.05933 | 0.0323 | pay 0.0040% / 1h | 22m 45s | $368K | $1.6M | 50x |
| Short | Bybit SEIUSDT | 0.05925 | 0.0100 | get 0.0100% / 8h | 22m 45s | $14.0M | $36.0M | 50x |
Kraken Futures PF_SEIUSD
Bybit SEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$46.89
- Price spread: −0.134% → −0.067%
- −$6.71
- Slippage, 4 orders
- −$36.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$111.47
- Costs to cover
- 0.579%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 5.05 bp | 16.1 bp −$16 | 38.2 bp −$382 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.85 bp | 10.9 bp −$11 | 25.9 bp −$259 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05927 | −0.095% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0049% | 8h | 0.05934 | +0.014% | $318K | $222K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05927 | −0.102% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05931 | −0.033% | $20K | $62K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05932 | −0.016% | $265K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05928 | −0.084% | $1K | $111K | 20x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.05931 | −0.028% | $3.4M | $6.5M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.05930 | −0.051% | $310K | $363K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05929 | −0.067% | $14.1M | $126.5M | 75x | as long as short |
| Bybit SEIUSDTshort | +0.0100% | 8h | 0.05925 | −0.134% | $14.0M | $36.0M | 50x |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Orderly PERP_SEI_USDC
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05930 | −0.050% | $3.1M | $39.9M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05927 | −0.100% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05931 | −0.033% | $34.7M | $26.3M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05927 | −0.100% | $6.2M | $14.3M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05929 | −0.067% | $9.3M | $16.9M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05928 | −0.084% | — | $33.2M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05931 | −0.033% | $117K | $565K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05954 | +0.355% | $203K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05930 | −0.050% | $108K | $674K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05934 | +0.018% | $22K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05929 | −0.068% | $75K | $476K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05934 | +0.018% | $713K | $1.2M | 75x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0323% | 1h | 0.05933 | long leg | $368K | $1.6M | 50x | |
| Coinbase International SEI-PERP-INTX | +0.0328% | 1h | 0.05923 | −0.168% | $33K | $207K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05926 | −0.119% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.1153% | 1h | 0.05953 | +0.338% | $9K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.2091% | 1h | 0.05933 | −0.007% | $101K | $2K | 5x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD