Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.128%
Price spread now: Coinbase International against Kraken Futures−0.034%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1561.560% of the position
Funding, last 7 days−0.795%−$79 on $10k
+Price spread, last 4 days (all we have)−0.208%−$21 · spread now −0.034%, 7d avg −0.089%
=The price spread pays, funding is against you. Coinbase International is 0.054% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.089%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.795% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SEIUSD | 0.06042 | 0.0256 | pay 0.0032% / 1h | 20m 18s | $376K | $1.5M | 50x |
| Short | Coinbase International SEI-PERP-INTX | 0.06040 | 0.0200 | get 0.0025% / 1h | 20m 18s | $44K | $221K | 50x |
Kraken Futures PF_SEIUSD
Coinbase International SEI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$11.79
- Price spread: −0.034% → −0.089%
- $5.41
- Slippage, 4 orders
- −$135.97
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$162.34
- Costs to cover
- 1.560%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: live order book, 33 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 | 4.99 bp | 22.0 bp −$22 | 53.0 bp −$530 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 33 min ago | 13.25 bp | 59.5 bp −$59 | doesn't fit | 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 SEI | −0.0193% | 8h | 0.06005 | −0.615% | $321K | $186K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06034 | −0.134% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0046% / S +0.0066% | 1h | 0.06033 | −0.145% | $6K | — | 100x | as long as short |
| Bybit SEIUSDT | +0.0056% | 8h | 0.06026 | −0.266% | $14.4M | $35.0M | 50x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06039 | −0.051% | $275K | $1.2M | 10x | as long as short |
| Hyperliquid SEI | +0.0100% | 1h | 0.06038 | −0.071% | $3.5M | $5.1M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06037 | −0.091% | $316K | $333K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06038 | −0.068% | $14.8M | $129.2M | 75x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06039 | −0.051% | $3.4M | $39.3M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06034 | −0.134% | $1.1M | $3.1M | 75x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Bybit SEIUSDT
Lighter SEI
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SEI_USDT | +0.0100% | 8h | 0.06034 | −0.134% | $35.2M | $28.7M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06038 | −0.068% | $6.5M | $14.6M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06046 | +0.065% | $10.0M | $16.6M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06034 | −0.134% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06015 | −0.448% | $107K | $631K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06019 | −0.389% | $207K | $2.1M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06010 | −0.531% | $102K | $667K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06043 | +0.015% | $2K | $60K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06044 | +0.032% | $23K | $4.2M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06044 | +0.029% | $77K | $547K | 25x | as long as short |
| Coinbase International SEI-PERP-INTXshort | +0.0200% | 1h | 0.06040 | −0.034% | $44K | $221K | 50x | |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06013 | −0.481% | $744K | $1.3M | 75x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0246% | 1h | 0.06046 | +0.065% | $382 | $82K | 25x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0256% | 1h | 0.06042 | long leg | $376K | $1.5M | 50x | |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06037 | −0.092% | $115 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0510% | 1h | 0.06013 | −0.481% | $9K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.1566% | 1h | 0.06024 | −0.301% | $103K | $2K | 5x | as long as short |
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
Deribit SEI_USDC-PERPETUAL
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD