Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.067%
Price spread now: Coinbase International against Lighter−0.162%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1471.468% of the position
Funding, last 7 days−0.579%−$58 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.162%, 7d avg −0.057%
=Together, before fees−0.584%+ Points / potential airdropLighter: Season 3 · farm board−$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.105% cheaper against Lighter than usual: you would sell low and buy high (spread −0.162% now, against its 7-day average of −0.057%). If the spread goes back, that is −$11 on $10k: about 11 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.579%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SEI | 0.06170 | 0.0096 | pay 0.0012% / 1h | 10m 31s | $281K | $1.2M | 10x |
| Short | Coinbase International SEI-PERP-INTX | 0.06160 | 0.0128 | get 0.0016% / 1h | 10m 31s | $42K | $222K | 50x |
Lighter SEI
Coinbase International SEI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $6.72
- Price spread: −0.162% → −0.057%
- −$10.54
- Slippage, 4 orders
- −$136.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$150.66
- Costs to cover
- 1.468%
- Break-even
- 163.9 days
Slippage from Lighter: live order book, 5 min ago; Coinbase International: live order book, 52 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, 5 min ago | 3.24 bp | 6.9 bp −$7 | 27.2 bp −$272 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 52 min ago | 18.40 bp | 57.0 bp −$57 | 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 | −0.0154% | 8h | 0.06134 | −0.579% | $333K | $183K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06164 | −0.090% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.06165 | −0.081% | $10K | $72K | 25x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0008% / S +0.0170% | 1h | 0.06160 | −0.160% | $7K | — | 100x | as long as short |
| Lighter SEIlong | +0.0096% | 1h | 0.06170 | long leg | $281K | $1.2M | 10x | |
| Hyperliquid SEI | +0.0100% | 1h | 0.06173 | +0.047% | $3.6M | $5.7M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06171 | +0.017% | $323K | $356K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06169 | −0.024% | $15.4M | $129.8M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06158 | −0.194% | $14.9M | $36.1M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06165 | −0.081% | $3.5M | $41.0M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
GMX SEI/USD [ETH-USDC]
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 | 0.06167 | −0.049% | $1.2M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06166 | −0.065% | $36.5M | $28.5M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06166 | −0.065% | $6.6M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06156 | −0.227% | $9.9M | $16.7M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06163 | −0.113% | — | $31.3M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06176 | +0.097% | $114K | $602K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06124 | −0.748% | $213K | $1.8M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06130 | −0.648% | $109K | $666K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06167 | −0.049% | $2K | $94K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06163 | −0.113% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06165 | −0.086% | $78K | $545K | 25x | as long as short |
| Coinbase International SEI-PERP-INTXshort | +0.0128% | 1h | 0.06160 | −0.162% | $42K | $222K | 50x | |
| Injective SEI/USDC PERP | +0.0156% | 1h | 0.06136 | −0.551% | $9K | $43K | 12x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06172 | +0.032% | $596K | $1.3M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06153 | −0.283% | $117 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0461% | 1h | 0.06171 | +0.021% | $383K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.0711% | 1h | 0.06169 | −0.020% | $105K | $2K | 5x | as long as short |
Gate SEI_USDT
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
Injective SEI/USDC PERP
BloFin SEI-USDT
Reya SEIRUSDPERP
Kraken Futures PF_SEIUSD
dYdX SEI-USD