SEI arbitrage between HyperLiquid and Kraken: we compare the price of SEI on HyperLiquid (futures) and Kraken (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Sei

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.

Smart Contract Platform, Decentralized Finance (DeFi), Layer 1 (L1), Parallelized EVM

Open interest in SEI right now — $28.1M: Bybit $7.3M, Binance $6.9M, Bitget $5.2M, KuCoin $3.5M, BingX $2.1M. See OI SEI.

About SEI arbitrage

How do I read the SEI spread?

The spread is how many percent higher SEI trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Kraken. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get SEI alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.