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

SEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.056%
Price spread now: Hyperliquid against Variational Omni+0.544%7-day average +0.133% · you sell dearer than you buy
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 3 days (all we have)+0.073%+$7 on $10k
Price spread, last 3 days (all we have)−0.606%−$61 · spread now +0.544%, 7d avg +0.133%
Together, before fees−0.533%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.411% dearer against Variational Omni than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.133%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SEI0.05910−0.0082get 0.0082% / 8h7m 59s$316K$222K
ShortHyperliquid SEI0.059420.0100get 0.0013% / 1h7m 59s$3.5M$6.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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
$38.17
Price spread: +0.544% → +0.133%
$41.07
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$70.24
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 6 min ago; Hyperliquid: live order book, 4 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 Variational Omni RFQ quote, 6 min ago4.23 bpdoesn't fit31.3 bp −$313doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago0.68 bp8.6 bp −$9doesn'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%1h0.05938+0.478%$23K100xas long as short
Variational Omni SEIlong−0.0082%8h0.05910long leg$316K$222K
gTrade (Gains Network) SEI/USDL −0.0005% / S +0.0006%1h0.05939+0.497%$8K150xas long as short
Deribit SEI_USDC-PERPETUAL+0.0087%1h0.05941+0.531%$10K$72K25xas long as short
Lighter SEI+0.0096%1h0.05940+0.514%$265K$1.2M10xas long as short
Orderly PERP_SEI_USDC+0.0100%8h0.05940+0.514%$1K$110K20xas long as short
Hyperliquid SEIshort+0.0100%1h0.05942+0.544%$3.5M$6.5M5x
Aster SEIUSDT+0.0100%8h0.05938+0.486%$310K$363K20xas long as short
Binance SEIUSDT+0.0100%8h0.05938+0.473%$14.1M$127.7M75xas long as short
Bybit SEIUSDT+0.0100%8h0.05924+0.243%$14.0M$36.1M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SEI-USDT-SWAP+0.0100%4h0.05926+0.277%$3.1M$39.9M50xas long as short
Gate SEI_USDT+0.0100%8h0.05938+0.480%$1.1M$3.6M75xas long as short
MEXC SEI_USDT+0.0100%8h0.05936+0.446%$34.7M$27.3M300xas long as short
KuCoin SEIUSDTM+0.0100%8h0.05931+0.361%$6.1M$14.3M75xas long as short
Bitget SEIUSDT+0.0100%8h0.05932+0.378%$9.3M$17.0M75xas long as short
BingX SEI-USDT+0.0100%8h0.05937+0.463%$33.2Mas long as short
Backpack SEI_USDC_PERP+0.0100%1h0.05940+0.514%$117K$566K10xas long as short
GRVT SEI_USDT_Perp+0.0100%8h0.05918+0.140%$202K$1.5M10xas long as short
ApeX Omni SEIUSDT+0.0100%1h0.05920+0.175%$108K$673K50xas long as short
SunX SEI-USDT+0.0100%8h0.05946+0.615%$22K$4.6M30xas long as short
Extended SEI-USD+0.0104%1h0.05927+0.291%$75K$476K25xas long as short
BloFin SEI-USDT+0.0220%8h0.05945+0.598%$718K$1.2M75xas long as short
Kraken Futures PF_SEIUSD+0.0323%1h0.05938+0.479%$364K$1.6M50xas long as short
Coinbase International SEI-PERP-INTX+0.0328%1h0.05950+0.683%$33K$208K50xas long as short
Reya SEIRUSDPERP+0.0346%1h0.05938+0.474%$11320xas long as short
Injective SEI/USDC PERP+0.1153%1h0.05929+0.328%$8K$43K12xas long as short
dYdX SEI-USD+0.1921%1h0.05939+0.499%$101K$2K5xas long as short