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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.070%
Price spread now: GRVT against Hyperliquid−0.474%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 7 days+0.524%+$52 · spread now −0.474%, 7d avg −0.109%
Together, before fees+0.448%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$45 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: GRVT is 0.365% cheaper against Hyperliquid than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.109%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid EIGEN0.23990.0100pay 0.0013% / 1h57m 09s$4.7M$1.7M5x
ShortGRVT EIGEN_USDT_Perp0.23880.0100get 0.0050% / 4h57m 09s$185K$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Hyperliquid. 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
Price spread: −0.474% → −0.109%
−$36.47
Slippage, 4 orders
−$87.17
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$141.64
Costs to cover
1.052%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; GRVT: live order book, 1 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 Hyperliquid live order book, 5 min ago2.09 bp21.5 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 1 min ago4.19 bp16.9 bp −$1785.7 bp −$857doesn'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
Bybit EIGENUSDT−0.0036%4h0.2396−0.125%$9.3M$7.4M50xas long as short
dYdX EIGEN-USD0.0000%1h0.2386−0.542%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.626%$6$65.5xas long as short
01 Exchange EIGENUSD+0.0072%1h0.2390−0.375%$810$5K10xas long as short
BloFin EIGEN-USDT+0.0090%4h0.2392−0.292%$355K$117K75xas long as short
Lighter EIGEN+0.0096%1h0.2401+0.088%$540K$504K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2394−0.229%$36K$20K3xas long as short
Hyperliquid EIGENlong+0.0100%1h0.2399long leg$4.7M$1.7M5x
Aster EIGENUSDT+0.0100%4h0.2394−0.215%$44K$39K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2396−0.122%$8.3M$20.3M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EIGEN-USDT-SWAP+0.0100%4h0.2397−0.083%$1.6M$4.9M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2390−0.375%$730K$568K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2397−0.083%$8.1M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2395−0.167%$2.4M$10.2M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.23990.000%$1.9M$1.5M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2393−0.250%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2387−0.521%$194K$124Kas long as short
GRVT EIGEN_USDT_Perpshort+0.0100%4h0.2388−0.474%$185K$2.3M10x
ApeX Omni EIGENUSDT+0.0100%1h0.2389−0.417%$35K$230K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2397−0.083%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2396−0.123%$89K$640K10xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2395−0.154%$2K100xas long as short
Deribit EIGEN_USDC-PERPETUAL+0.0251%1h0.2397−0.071%$4110xas long as short
Coinbase International EIGEN-PERP-INTX+0.0280%1h0.2386−0.554%$40K$246K50xas long as short
Kraken Futures PF_EIGENUSD+0.0473%1h0.2398−0.034%$164K$104K20xas long as short
Reya EIGENRUSDPERP+0.0517%1h0.2394−0.224%$83615xas long as short