Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Backpack against Lighter−0.180%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.180%, 7d avg +0.051%
=Together, before fees+0.240%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.231% cheaper against Lighter than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SEI | 0.06106 | 0.0096 | pay 0.0012% / 1h | 56m 18s | $272K | $1.1M | 10x |
| Short | Backpack SEI_USDC_PERP | 0.06095 | 0.0100 | get 0.0013% / 1h | 56m 18s | $117K | $675K | 10x |
Lighter SEI
Backpack SEI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $0.84
- Price spread: −0.180% → +0.051%
- −$23.09
- Slippage, 4 orders
- −$30.87
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$63.12
- Costs to cover
- 0.409%
- Break-even
- 533.0 days
Slippage from Lighter: live order book, 4 min ago; Backpack: live order book, 43 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 Lighter live order book, 4 min ago | 3.27 bp | 9.0 bp −$9 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 43 min ago | 0.82 bp | 11.1 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SEI/USDC PERP | −0.0302% | 1h | 0.06126 | +0.328% | $9K | $40K | 12x | as long as short |
| Variational Omni SEI | −0.0095% | 8h | 0.06123 | +0.273% | $323K | $175K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.06115 | +0.155% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06115 | +0.147% | $386 | $72K | 25x | as long as short |
| Lighter SEIlong | +0.0096% | 1h | 0.06106 | long leg | $272K | $1.1M | 10x | |
| Hyperliquid SEI | +0.0100% | 1h | 0.06122 | +0.269% | $3.8M | $4.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06113 | +0.119% | $334K | $350K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06109 | +0.045% | $14.8M | $123.0M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06087 | −0.311% | $14.5M | $34.3M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06089 | −0.278% | $3.5M | $36.5M | 50x | as long as short |
Injective SEI/USDC PERP
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06115 | +0.147% | $1.1M | $2.9M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06095 | −0.180% | $38.0M | $27.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06115 | +0.147% | $6.9M | $14.6M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06090 | −0.262% | $9.8M | $17.1M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06090 | −0.262% | — | $16.3M | — | as long as short |
| Backpack SEI_USDC_PERPshort | +0.0100% | 1h | 0.06095 | −0.180% | $117K | $675K | 10x | |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06137 | +0.503% | $209K | $2.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06130 | +0.393% | $102K | $675K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06116 | +0.164% | $2K | $243K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06124 | +0.295% | $23K | $3.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06111 | +0.089% | $69K | $438K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0192% | 1h | 0.06111 | +0.082% | $67K | $265K | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06133 | +0.442% | $750K | $1.6M | 75x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0247% / S −0.2127% | 1h | 0.06114 | +0.139% | $12K | — | 100x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0266% | 1h | 0.06118 | +0.205% | $376K | $1.7M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06115 | +0.148% | $117 | — | 20x | as long as short |
| dYdX SEI-USD | +0.0479% | 1h | 0.06124 | +0.288% | $104K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
BloFin SEI-USDT
GMX SEI/USD [ETH-USDC]
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
dYdX SEI-USD