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

SEI

all SEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against SunX−0.151%49s7-day average −0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 3 days (all we have)+0.183%+$18 · spread now −0.151%, 7d avg −0.045%
Together, before fees+0.349%+$35 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 0.107% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.045%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SEI-USDT0.059420.0100pay 0.0100% / 8h2h 32m$22K$4.7M30x
ShortBackpack SEI_USDC_PERP0.059330.0100get 0.0013% / 1h32m 15s$118K$564K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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
Price spread: −0.151% → −0.045%
−$10.67
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$28.67
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 6 min ago; Backpack: live order book, 56 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago500.51 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 56 min ago0.84 bp12.5 bp −$12doesn't fitdoesn't fitdoesn't fit

SEI on 27 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 −0.0802% / S +0.0440%1h0.05931−0.187%$23K100xas long as short
Coinbase International SEI-PERP-INTX−0.0056%1h0.05960+0.303%$33K$210K50xas long as short
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05931−0.179%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL0.0000%1h0.05929−0.219%$20K$62K25xas long as short
Variational Omni SEI+0.0036%8h0.05924−0.298%$315K$240Kas long as short
Lighter SEI+0.0096%1h0.05930−0.202%$267K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0098%8h0.05928−0.236%$2K$111K20xas long as short
Hyperliquid SEI+0.0100%1h0.05935−0.109%$3.4M$6.6M5xas long as short
Aster SEIUSDT+0.0100%8h0.05935−0.116%$311K$371K20xas long as short
Binance SEIUSDT+0.0100%8h0.05927−0.252%$13.8M$128.3M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SEIUSDT+0.0100%8h0.05921−0.353%$13.9M$36.5M50xas long as short
OKX SEI-USDT-SWAP+0.0100%4h0.05924−0.303%$3.0M$40.3M50xas long as short
Gate SEI_USDT+0.0100%8h0.05933−0.151%$1.1M$3.6M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05928−0.236%$29.5M$26.8M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05932−0.168%$7.1M$14.3M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05928−0.236%$9.3M$17.2M75xas long as short
BingX SEI-USDT+0.0100%8h0.05931−0.185%$32.9Mas long as short
Backpack SEI_USDC_PERPshort+0.0100%1h0.05933−0.151%$118K$564K10x
GRVT SEI_USDT_Perp+0.0100%8h0.05938−0.067%$200K$1.4M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05940−0.034%$108K$669K50xas long as short
SunX SEI-USDTlong+0.0100%8h0.05942long leg$22K$4.7M30x
Extended SEI-USD+0.0104%1h0.05927−0.255%$75K$477K25xas long as short
Kraken Futures PF_SEIUSD+0.0213%1h0.05928−0.231%$376K$1.7M50xas long as short
BloFin SEI-USDT+0.0220%8h0.05936−0.101%$715K$1.3M75xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05932−0.164%$11320xas long as short
Injective SEI/USDC PERP+0.0863%1h0.05969+0.454%$9K$42K12xas long as short
dYdX SEI-USD+0.1979%1h0.05935−0.119%$101K$2K5xas long as short