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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.019%
Price spread now: Bybit against ApeX Omni+0.331%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$920.921% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.155%−$15 on $10k
Price spread, last 3 days (all we have)−0.420%−$42 · spread now +0.331%, 7d avg −0.075%
Together, before fees−0.575%−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.406% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.331% now, against its 7-day average of −0.075%): +$41 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EIGENUSDT0.24180.0100pay 0.0013% / 1h9m 25s$36K$236K50x
ShortBybit EIGENUSDT0.2426−0.0005pay 0.0003% / 4h9m 25s$9.7M$7.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against ApeX 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
−$22.13
Price spread: +0.331% → −0.075%
$40.6
Slippage, 4 orders
−$71.13
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$73.66
Costs to cover
0.921%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; Bybit: live order book, 4 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 ApeX Omni live order book, 2 min ago12.42 bp26.8 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.07 bp20.1 bp −$2058.9 bp −$589doesn't fitdoesn't fit

EIGEN 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
01 Exchange EIGENUSD−0.0128%1h0.2422+0.165%$821$5K10xas long as short
Kraken Futures PF_EIGENUSD−0.0016%1h0.2429+0.461%$175K$69K20xas long as short
Bybit EIGENUSDTshort−0.0005%4h0.2426+0.331%$9.7M$7.7M50x
dYdX EIGEN-USD0.0000%1h0.2427+0.355%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2427+0.372%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+0.827%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0066%4h0.2416−0.083%$351K$133K75xas long as short
Nado EIGEN-PERP+0.0100%1h0.2425+0.289%$32K$18K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2425+0.284%$46K$30K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2425+0.289%$8.3M$20.1M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EIGEN-USDT-SWAP+0.0100%4h0.2423+0.207%$1.6M$5.0M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2424+0.248%$733K$643K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2425+0.289%$8.6M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2426+0.331%$2.4M$10.5M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2425+0.289%$1.9M$1.4M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2425+0.289%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2415−0.118%$201K$125Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2415−0.121%$188K$2.2M10xas long as short
ApeX Omni EIGENUSDTlong+0.0100%1h0.2418long leg$36K$236K50x
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2426+0.331%$2K$1K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2422+0.185%$92K$496K10xas long as short
Coinbase International EIGEN-PERP-INTX+0.0160%1h0.2426+0.318%$42K$159K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2427+0.359%$2K100xas long as short
Hyperliquid EIGEN+0.0303%1h0.2431+0.538%$4.8M$1.6M5xas long as short
Lighter EIGEN+0.0440%1h0.2429+0.443%$553K$449K5xas long as short
Reya EIGENRUSDPERP+0.0514%1h0.2425+0.290%$84715xas long as short