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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0683%/8h= +74.8% APRpaid last 24h +0.066%
Price spread now: Hyperliquid against Bitget+0.292%7-day average +0.197% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$860.861% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 7 days−0.112%−$11 · spread now +0.292%, 7d avg +0.197%
Together, before fees−0.042%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.095% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.197%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EIGENUSDT0.23950.0100pay 0.0050% / 4h2h 47m$1.9M$1.4M75x
ShortHyperliquid EIGEN0.24020.0783get 0.0098% / 1h47m 51s$4.8M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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
$143.51
Price spread: +0.292% → +0.197%
$9.48
Slippage, 4 orders
−$65.06
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$66.93
Costs to cover
0.861%
Break-even
3.7 days
Slippage from Bitget: live order book, 4 min ago; Hyperliquid: live order book, 4 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 Bitget live order book, 4 min ago6.28 bp24.9 bp −$2567.7 bp −$677doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago2.09 bp17.8 bp −$18doesn'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−0.0040%1h0.23950.000%$812$5K10xas long as short
dYdX EIGEN-USD0.0000%1h0.2393−0.084%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2397+0.063%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.795%$6$65.5xas long as short
Bybit EIGENUSDT+0.0047%4h0.2396+0.042%$9.6M$8.0M50xas long as short
Nado EIGEN-PERP+0.0100%1h0.2397+0.104%$29K$16K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2397+0.092%$44K$24K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2396+0.032%$8.2M$20.1M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2393−0.084%$1.6M$5.0M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2393−0.084%$716K$672K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EIGEN_USDT+0.0100%4h0.2396+0.042%$8.4M$2.2M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2396+0.042%$2.3M$10.8M50xas long as short
Bitget EIGENUSDTlong+0.0100%4h0.2395long leg$1.9M$1.4M75x
BingX EIGEN-USDC+0.0100%4h0.23950.000%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2391−0.167%$201K$152Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2392−0.145%$187K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2390−0.209%$36K$235K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2396+0.042%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2395+0.019%$90K$496K10xas long as short
BloFin EIGEN-USDT+0.0113%4h0.2391−0.167%$350K$135K75xas long as short
Coinbase International EIGEN-PERP-INTX+0.0144%1h0.2399+0.146%$42K$159K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2396+0.048%$2K100xas long as short
Kraken Futures PF_EIGENUSD+0.0312%1h0.2400+0.206%$174K$67K20xas long as short
Reya EIGENRUSDPERP+0.0511%1h0.2396+0.036%$83615xas long as short
Lighter EIGEN+0.0672%1h0.2401+0.267%$578K$392K5xas long as short
Hyperliquid EIGENshort+0.0783%1h0.2402+0.292%$4.8M$1.5M5x