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+0.0044%/8h= +4.8% APRpaid last 24h +0.010%
Price spread now: Coinbase International against Binance+0.230%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$780.776% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 3 days (all we have)−0.123%−$12 · spread now +0.230%, 7d avg +0.036%
Together, before fees−0.161%−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.194% dearer against Binance than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance EIGENUSDT0.23920.0100pay 0.0050% / 4h2h 09m$8.2M$20.2M75x
ShortCoinbase International EIGEN-PERP-INTX0.23970.0144get 0.0018% / 1h9m 56s$42K$160K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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
$9.24
Price spread: +0.230% → +0.036%
$19.43
Slippage, 4 orders
−$57.57
Fee Binance: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$48.9
Costs to cover
0.776%
Break-even
44.0 days
Slippage from Binance: live order book, 1 min ago; Coinbase International: live order book, 13 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 Binance live order book, 1 min ago4.18 bp16.3 bp −$1648.3 bp −$4831082.8 bp −$108.3Kdoesn't fit
Sell Coinbase International live order book, 13 min ago0.21 bp13.1 bp −$13doesn'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−0.0008%1h0.2394+0.084%$812$5K10xas long as short
Deribit EIGEN_USDC-PERPETUAL−0.0001%1h0.2393+0.042%$8610xas long as short
dYdX EIGEN-USD0.0000%1h0.2394+0.079%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.923%$6$65.5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2395+0.125%$29K$16K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2392+0.016%$46K$29K5xas long as short
Binance EIGENUSDTlong+0.0100%4h0.2392long leg$8.2M$20.2M75x
Bybit EIGENUSDT+0.0100%4h0.23920.000%$9.6M$8.0M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2391−0.042%$1.6M$5.0M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.23920.000%$716K$674K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EIGEN_USDT+0.0100%4h0.23920.000%$8.5M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2393+0.042%$2.3M$10.8M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2393+0.042%$1.9M$1.4M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.23920.000%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2393+0.060%$201K$152Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2402+0.418%$187K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2408+0.669%$35K$235K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2393+0.042%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2392−0.021%$91K$496K10xas long as short
Coinbase International EIGEN-PERP-INTXshort+0.0144%1h0.2397+0.230%$42K$160K50x
Lighter EIGEN+0.0152%1h0.2396+0.180%$540K$434K5xas long as short
BloFin EIGEN-USDT+0.0158%4h0.2394+0.084%$349K$136K75xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2395+0.112%$2K100xas long as short
Hyperliquid EIGEN+0.0299%1h0.2397+0.209%$4.7M$1.5M5xas long as short
Kraken Futures PF_EIGENUSD+0.0312%1h0.2395+0.142%$173K$68K20xas long as short
Reya EIGENRUSDPERP+0.0512%1h0.2394+0.088%$83615xas long as short