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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.032%
Price spread now: Coinbase International against GRVT+0.524%76s7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$255as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2522.517% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 3 days (all we have)−0.459%−$46 · spread now +0.524%, 7d avg +0.055%
Together, before fees−0.492%+ Points / potential airdropGRVT: Active · farm board−$49 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.469% dearer against GRVT than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of +0.055%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT EIGEN_USDT_Perp0.23950.0100pay 0.0050% / 4h2h 32m$185K$2.2M10x
ShortCoinbase International EIGEN-PERP-INTX0.24070.0096get 0.0012% / 1h32m 09s$41K$231K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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
−$0.84
Price spread: +0.524% → +0.055%
$46.86
Slippage, 4 orders
−$232.71
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$205.69
Costs to cover
2.517%
Break-even
never at this rate
Slippage from GRVT: live order book, 1 min ago; Coinbase International: live order book, 36 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 GRVT live order book, 1 min ago2.09 bp45.1 bp −$45165.8 bp −$1,658doesn't fitdoesn't fit
Sell Coinbase International live order book, 36 min ago9.59 bp91.2 bp −$91doesn't fitdoesn't fitdoesn't fit

EIGEN on 25 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
Bybit EIGENUSDT−0.0071%4h0.2405+0.432%$9.4M$7.9M50xas long as short
dYdX EIGEN-USD0.0000%1h0.2404+0.362%$3K5xas long as short
01 Exchange EIGENUSD0.0000%1h0.2406+0.461%$816$5K10xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.798%$6$65.5xas long as short
Deribit EIGEN_USDC-PERPETUAL+0.0041%1h0.2406+0.470%$4110xas long as short
Lighter EIGEN+0.0096%1h0.2412+0.691%$542K$505K5xas long as short
Coinbase International EIGEN-PERP-INTXshort+0.0096%1h0.2407+0.524%$41K$231K50x
Nado EIGEN-PERP+0.0100%1h0.2407+0.503%$36K$20K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2411+0.670%$4.7M$1.7M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2406+0.457%$45K$39K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance EIGENUSDT+0.0100%4h0.2406+0.457%$8.3M$20.9M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2404+0.378%$1.6M$5.1M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2405+0.420%$745K$597K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2406+0.461%$8.3M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2407+0.503%$2.4M$10.5M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2405+0.420%$1.9M$1.5M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.2404+0.378%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2396+0.028%$194K$129Kas long as short
GRVT EIGEN_USDT_Perplong+0.0100%4h0.2395long leg$185K$2.2M10x
ApeX Omni EIGENUSDT+0.0100%1h0.2395+0.002%$35K$239K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2406+0.461%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2405+0.424%$89K$639K10xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2405+0.439%$2K100xas long as short
Reya EIGENRUSDPERP+0.0516%1h0.2407+0.515%$84015xas long as short
Kraken Futures PF_EIGENUSD+0.0599%1h0.2408+0.526%$164K$95K20xas long as short