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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.30 per $10,000 · paid last 24h +0.094%
Price spread now: Lighter against ApeX Omni+0.740%78s7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$830.827% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.638%+$64 on $10k
Price spread, last 4 days (all we have)−0.637%−$64 · spread now +0.740%, 7d avg +0.184%
Together, before fees+0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.556% dearer against ApeX Omni than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.184%. 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 EIGENUSDT0.23510.0100pay 0.0013% / 1h7m 54s$32K$230K50x
ShortLighter EIGEN0.23680.0344get 0.0043% / 1h7m 54s$568K$514K5x

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
$51.24
Price spread: +0.740% → +0.184%
$55.58
Slippage, 4 orders
−$72.74
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$24.07
Costs to cover
0.827%
Break-even
3.7 days
Slippage from ApeX Omni: live order book, 36 min ago; Lighter: live order book, 30 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, 36 min ago12.69 bp26.5 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 30 min ago9.50 bp19.0 bp −$1975.8 bp −$758doesn't fitdoesn't fit

EIGEN on 26 exchanges

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−0.7376%1h0.2268−3.530%$768$5K10xas long as short
Bybit EIGENUSDT−0.0370%4h0.2360+0.383%$8.8M$6.6M50xas long as short
Deribit EIGEN_USDC-PERPETUAL−0.0216%1h0.2360+0.396%$4110xas long as short
Kraken Futures PF_EIGENUSD−0.0089%1h0.2362+0.454%$162K$133K20xas long as short
dYdX EIGEN-USD0.0000%1h0.2362+0.451%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+3.701%$6$65.5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2360+0.404%$24K$16K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2365+0.595%$4.4M$1.5M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2362+0.450%$44K$25K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2360+0.392%$7.9M$19.0M75xas long as short
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EIGEN-USDT-SWAP+0.0100%4h0.2358+0.298%$1.5M$4.4M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2363+0.510%$706K$583K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2361+0.425%$7.7M$2.4M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2360+0.383%$2.3M$9.3M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2360+0.383%$1.8M$1.3M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2361+0.425%$1.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2353+0.082%$213K$118Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2356+0.214%$191K$3.1M10xas long as short
ApeX Omni EIGENUSDTlong+0.0100%1h0.2351long leg$32K$230K50x
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2360+0.383%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2360+0.383%$82K$684K10xas long as short
BloFin EIGEN-USDT+0.0109%4h0.2356+0.213%$344K$119K75xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2356+0.229%$2K100xas long as short
Lighter EIGENshort+0.0344%1h0.2368+0.740%$568K$514K5x
Coinbase International EIGEN-PERP-INTX+0.0488%1h0.2363+0.506%$38K$271K50xas long as short
Reya EIGENRUSDPERP+0.0525%1h0.2361+0.427%$82415xas long as short