Settings8H · net · $10k
Funding arb · Price arb /

SEI

all SEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.028%
Price spread now: Hyperliquid against Lighter+0.024%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$420.421% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.024%, 7d avg +0.027%
Together, before fees−0.057%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SEI0.059460.0096pay 0.0012% / 1h25m 05s$270K$1.2M10x
ShortHyperliquid SEI0.059470.0100get 0.0013% / 1h25m 05s$3.4M$6.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: +0.024% → +0.027%
−$0.38
Slippage, 4 orders
−$33.12
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$41.67
Costs to cover
0.421%
Break-even
354.2 days
Slippage from Lighter: live order book, 1 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 1 min ago1.68 bp8.8 bp −$930.3 bp −$303doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.08 bp10.6 bp −$11doesn't fitdoesn't fitdoesn't fit

SEI on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX SEI/USD [ETH-USDC]L −0.0815% / S +0.0444%1h0.05944−0.025%$23K100xas long as short
Variational Omni SEI−0.0124%8h0.05942−0.075%$318K$208Kas long as short
gTrade (Gains Network) SEI/USDL −0.0006% / S +0.0006%1h0.05945−0.017%150xas long as short
Coinbase International SEI-PERP-INTX+0.0048%1h0.05933−0.219%$34K$206K50xas long as short
Deribit SEI_USDC-PERPETUAL+0.0086%1h0.059460.000%$10K$72K25xas long as short
Lighter SEIlong+0.0096%1h0.05946long leg$270K$1.2M10x
Hyperliquid SEIshort+0.0100%1h0.05947+0.024%$3.4M$6.3M5x
Aster SEIUSDT+0.0100%8h0.05943−0.045%$311K$355K20xas long as short
Binance SEIUSDT+0.0100%8h0.05944−0.034%$14.2M$129.1M75xas long as short
Bybit SEIUSDT+0.0100%8h0.05938−0.135%$14.0M$36.1M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05940−0.101%$3.2M$39.9M50xas long as short
Gate SEI_USDT+0.0100%8h0.05941−0.084%$1.1M$3.4M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05944−0.034%$34.6M$28.6M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05944−0.034%$6.3M$14.5M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05943−0.050%$9.4M$16.8M75xas long as short
BingX SEI-USDT+0.0100%8h0.05941−0.084%$31.5Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05947+0.017%$119K$571K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05945−0.023%$201K$1.7M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05920−0.437%$108K$674K50xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05945−0.017%$2K$97K20xas long as short
SunX SEI-USDT+0.0100%8h0.05952+0.101%$23K$4.4M30xas long as short
Extended SEI-USD+0.0104%1h0.05942−0.069%$79K$546K25xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05942−0.066%$11320xas long as short
Kraken Futures PF_SEIUSD+0.0377%1h0.05947+0.009%$378K$1.6M50xas long as short
dYdX SEI-USD+0.0559%1h0.05930−0.261%$101K$2K5xas long as short
Injective SEI/USDC PERP+0.0844%1h0.05951+0.084%$9K$43K12xas long as short