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+0.0788%/8h= +86.3% APRnext payment +$0.99 per $10,000 · paid last 24h +0.216%
Price spread now: Lighter against ApeX Omni+0.784%78s7-day average +0.194% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$800.802% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.633%+$63 on $10k
Price spread, last 3 days (all we have)−0.681%−$68 · spread now +0.784%, 7d avg +0.194%
Together, before fees−0.048%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.590% dearer against ApeX Omni than usual: you sell high and buy low: +$59 more if the spread goes back to its 7-day average of +0.194%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EIGENUSDT0.24240.0100pay 0.0013% / 1h55m 50s$36K$236K50x
ShortLighter EIGEN0.24430.0888get 0.0111% / 1h55m 50s$562K$443K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$165.48
Price spread: +0.784% → +0.194%
$59
Slippage, 4 orders
−$70.22
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$144.26
Costs to cover
0.802%
Break-even
0.9 days
Slippage from ApeX Omni: live order book, 20 min ago; Lighter: live order book, 14 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, 20 min ago10.40 bp26.5 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 14 min ago9.35 bp11.8 bp −$1256.9 bp −$569doesn'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−0.0080%1h0.2437+0.536%$826$5K10xas long as short
Kraken Futures PF_EIGENUSD−0.0016%1h0.2440+0.640%$176K$68K20xas long as short
dYdX EIGEN-USD0.0000%1h0.2432+0.316%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2438+0.586%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+0.578%$6$65.5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2437+0.536%$30K$17K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2439+0.609%$45K$29K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2439+0.617%$8.3M$20.0M75xas long as short
Bybit EIGENUSDT+0.0100%4h0.2438+0.582%$9.7M$7.7M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2439+0.619%$1.6M$5.0M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EIGEN_USDT+0.0100%4h0.2436+0.495%$732K$635K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2439+0.619%$8.8M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2439+0.619%$2.4M$10.6M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2439+0.619%$1.9M$1.3M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.2439+0.619%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2418−0.261%$201K$127Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2418−0.248%$186K$2.1M10xas long as short
ApeX Omni EIGENUSDTlong+0.0100%1h0.2424long leg$36K$236K50x
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2437+0.536%$2K$1K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2439+0.636%$92K$496K10xas long as short
BloFin EIGEN-USDT+0.0113%4h0.2427+0.124%$349K$135K75xas long as short
Coinbase International EIGEN-PERP-INTX+0.0160%1h0.2434+0.421%$42K$160K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2438+0.573%$2K100xas long as short
Reya EIGENRUSDPERP+0.0513%1h0.2438+0.577%$85115xas long as short
Hyperliquid EIGEN+0.0642%1h0.2447+0.949%$4.8M$1.6M5xas long as short
Lighter EIGENshort+0.0888%1h0.2443+0.784%$562K$443K5x