SEI funding rates and arbitrage

SEI perpetuals trade on 20 contracts across 18 venues, forming 188 cross-venue arbitrage pairs. By net APR the current best pair is long Kraken against short Coinbase, netting +948.67%, with both legs settling on the same cadence。

SEI perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
LBank	SEIUSDT	USDT	8h	0.0044%	+4.78%	+6.61%	$43.6M	0.06076
Binance	SEIUSDT	USDT	8h	0.0044%	+4.78%	+6.61%	$23.2M	0.06076
Bybit	SEIUSDT	USDT	8h	0.0067%	+7.29%	+8.37%	$9.6M	0.06073
MEXC	SEI_USDT	USDT	8h	0.0044%	+4.82%	+6.59%	$8.7M	0.06076
BingX	SEI-USDT	USDT	8h	0.0100%	+10.95%	+10.74%	$6.5M	0.06075
OKX	SEI-USDT-SWAP	USDT	4h	0.0050%	+10.95%	+10.27%	$4.1M	0.06077
Bitget	SEIUSDT	USDT	8h	0.0100%	+10.95%	+9.36%	$3.3M	0.06072
KuCoin	SEIUSDTM	USDT	8h	0.0100%	+10.95%	+5.95%	$2.4M	0.06075
WhiteBIT	SEI_PERP	USDT	8h	-0.0032%	-3.52%	+1.69%	$2.3M	0.06075
Hyperliquid	SEI	USDC	1h	0.0013%	+10.95%	+3.60%	$940K	0.06076
Gate	SEI_USDT	USDT	8h	0.0065%	+7.12%	+9.00%	$712K	0.06075
Kraken	PF_SEIUSD	USD	1h	-0.0007%	-6.10%	-5.15%	$447K	0.06073
Aster	SEIUSDT	USDT	8h	0.0100%	+10.95%	+10.95%	$325K	0.06078
Lighter	SEI	USDC	1h	0.0012%	+10.51%	+7.90%	$299K	0.06076
MEXC	SEI_USDC	USDC	8h	0.0044%	+4.82%	+6.59%	$109K	0.06070
Deribit	SEI_USDC-PERPETUAL	USDC	8h	0.0002%	+0.22%	-0.08%	$20K	0.06074
Bybit	SEIPERP	USDC	4h	0.0050%	+10.95%	+10.95%	$9K	0.06074
Crypto.com	SEIUSD-PERP	USD	4h	-0.0021%	-4.60%	-1.48%	$758	0.06079
Bitfinex	tSEIF0:USTF0	USDT	8h	0.0000%	0.00%	-4.56%	$751	0.06080
Coinbase	SEI-PERP	USDC	1h	0.1076%	+942.58%	+942.58%	$0	0.07438

SEI cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Kraken USD	Coinbase USDC	+948.67%	2.5991%	+947.73%	1h matched	$0
Crypto.com USD	Coinbase USDC	+947.17%	2.5950%	+944.05%	4h / 1h	$0
WhiteBIT USDT	Coinbase USDC	+946.10%	2.5921%	+940.88%	8h / 1h	$0
Bitfinex USDT	Coinbase USDC	+942.58%	2.5824%	+947.13%	8h / 1h	$0
Deribit USDC	Coinbase USDC	+942.36%	2.5818%	+942.66%	8h / 1h	$0
Binance USDT	Coinbase USDC	+937.80%	2.5693%	+935.97%	8h / 1h	$0
LBank USDT	Coinbase USDC	+937.80%	2.5693%	+935.97%	8h / 1h	$0
MEXC USDC	Coinbase USDC	+937.76%	2.5692%	+935.99%	8h / 1h	$0
MEXC USDT	Coinbase USDC	+937.76%	2.5692%	+935.99%	8h / 1h	$0
Gate USDT	Coinbase USDC	+935.46%	2.5629%	+933.57%	8h / 1h	$0
Bybit USDT	Coinbase USDC	+935.28%	2.5624%	+934.21%	8h / 1h	$0
Lighter USDC	Coinbase USDC	+932.06%	2.5536%	+934.67%	1h matched	$0

Sei project profile

Website Whitepaper GitHub Reddit X (Twitter)Telegram Discord

Key facts

Total: 10.00B
Max supply: unlimited
Type: Coin
Market cap rank: #124

Smart Contract PlatformDecentralized Finance (DeFi)Layer 1 (L1)Parallelized EVMCoinbase Ventures PortfolioMulticoin Capital PortfolioGMCI Layer 1 IndexDelphi Ventures Portfolio

Block explorers

seitrace.com seistream.app sei.explorers.guru atomscan.com

About

Sei is a high-performance Layer 1 blockchain that scales the EVM with parallelized execution, enabling faster transactions, low fees, and seamless smart contract deployment. Sei removes traditional blockchain bottlenecks while maintaining full Ethereum compatibility. The upcoming Giga upgrade will deliver 50x improvements in EVM throughput, optimizing execution, consensus, and storage to push blockchain performance to web2 levels.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

XPL+513.1%INJ+952.9%NOT+115.7%PAXG+54.3%PENDLE+897.4%TRUMP+948.5%VIRTUAL+80.8%ASTER+695.1%AVNT+887.2%JTO+836.4%JUP+909.6%LDO+982.3%

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