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% APRpaid last 24h +0.216%
Price spread now: Lighter against OKX+0.164%7-day average +0.261% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$640.639% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.656%+$66 on $10k
Price spread, last 4 days (all we have)+0.175%+$18 · spread now +0.164%, 7d avg +0.261%
Together, before fees+0.831%+ Points / potential airdropLighter: Season 3 · farm board+$83 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.097% cheaper against OKX than usual: you would sell low and buy high (spread +0.164% now, against its 7-day average of +0.261%). If the spread goes back, that is −$10 on $10k: about 10 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.656% in total) that is about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EIGEN-USDT-SWAP0.24360.0100pay 0.0050% / 4h56m 18s$1.6M$5.0M20x
ShortLighter EIGEN0.24400.0888get 0.0111% / 1h56m 18s$561K$443K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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: +0.164% → +0.261%
−$9.66
Slippage, 4 orders
−$53.91
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$91.91
Costs to cover
0.639%
Break-even
3.1 days
Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago2.06 bp13.2 bp −$13doesn'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+0.041%$826$5K10xas long as short
Kraken Futures PF_EIGENUSD−0.0016%1h0.2434−0.079%$176K$68K20xas long as short
dYdX EIGEN-USD0.0000%1h0.2432−0.178%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2432−0.152%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+0.082%$6$65.5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2437+0.041%$30K$17K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2436+0.009%$45K$29K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2437+0.041%$8.3M$20.0M75xas long as short
Bybit EIGENUSDT+0.0100%4h0.2437+0.041%$9.7M$7.7M50xas long as short
OKX EIGEN-USDT-SWAPlong+0.0100%4h0.2436long leg$1.6M$5.0M20x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EIGEN_USDT+0.0100%4h0.24360.000%$732K$635K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2438+0.082%$8.8M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.24360.000%$2.4M$10.6M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2437+0.041%$1.9M$1.3M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.2438+0.082%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2418−0.752%$201K$127Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2418−0.740%$186K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2424−0.493%$36K$236K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2437+0.041%$2K$1K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2436+0.019%$92K$496K10xas long as short
BloFin EIGEN-USDT+0.0113%4h0.2427−0.369%$349K$135K75xas long as short
Coinbase International EIGEN-PERP-INTX+0.0160%1h0.2431−0.193%$42K$160K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2438+0.077%$2K100xas long as short
Reya EIGENRUSDPERP+0.0513%1h0.2438+0.082%$85115xas long as short
Hyperliquid EIGEN+0.0665%1h0.2445+0.369%$4.8M$1.6M5xas long as short
Lighter EIGENshort+0.0888%1h0.2440+0.164%$561K$443K5x