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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.004%
Price spread now: Hyperliquid against BloFin+0.166%67s7-day average +0.196% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$750.752% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.390%−$39 on $10k
Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.166%, 7d avg +0.196%
Together, before fees−0.342%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.030% cheaper against BloFin than usual: you would sell low and buy high (spread +0.166% now, against its 7-day average of +0.196%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.390%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EIGEN-USDT0.24050.0154pay 0.0077% / 4h3h 00m$353K$135K75x
ShortHyperliquid EIGEN0.24090.0364get 0.0046% / 1h0m 06s$4.8M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$44.23
Price spread: +0.166% → +0.196%
−$2.99
Slippage, 4 orders
−$54.16
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$33.92
Costs to cover
0.752%
Break-even
12.4 days
Slippage from BloFin: live order book, 25 min ago; Hyperliquid: live order book, 2 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 BloFin live order book, 25 min ago2.06 bp15.9 bp −$1636.8 bp −$368254.0 bp −$25.4Kdoesn't fit
Sell Hyperliquid live order book, 2 min ago2.07 bp25.0 bp −$25doesn't fitdoesn'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−0.0384%1h0.2400−0.208%$814$5K10xas long as short
Bybit EIGENUSDT−0.0190%4h0.2403−0.096%$9.6M$8.1M50xas long as short
dYdX EIGEN-USD0.0000%1h0.2405+0.001%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2402−0.129%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.372%$6$65.5xas long as short
Lighter EIGEN+0.0096%1h0.2409+0.158%$580K$392K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2401−0.166%$29K$16K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2404−0.041%$44K$24K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2401−0.159%$8.2M$20.3M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2401−0.166%$1.6M$5.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EIGEN_USDT+0.0100%4h0.2404−0.042%$720K$681K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2402−0.125%$8.4M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2403−0.083%$2.4M$10.7M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2403−0.083%$1.8M$1.4M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2403−0.083%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2405−0.019%$201K$152Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2405+0.016%$189K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2407+0.083%$36K$234K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2401−0.166%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2402−0.135%$91K$496K10xas long as short
Coinbase International EIGEN-PERP-INTX+0.0136%1h0.2405+0.012%$42K$160K50xas long as short
BloFin EIGEN-USDTlong+0.0154%4h0.2405long leg$353K$135K75x
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2402−0.130%$2K100xas long as short
Hyperliquid EIGENshort+0.0364%1h0.2409+0.166%$4.8M$1.5M5x
Kraken Futures PF_EIGENUSD+0.0460%1h0.2406+0.029%$174K$67K20xas long as short
Reya EIGENRUSDPERP+0.0511%1h0.2401−0.168%$83815xas long as short