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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0351%/8h= +38.4% APRpaid last 24h −0.011%
Price spread now: Coinbase International against BloFin+0.521%58s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1341.341% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.462%−$46 on $10k
Price spread, last 4 days (all we have)−0.484%−$48 · spread now +0.521%, 7d avg +0.046%
Together, before fees−0.946%−$95 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.474% dearer against BloFin than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.462%, so the current rate has only just turned in your favour. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EIGEN-USDT0.23630.0137pay 0.0069% / 4h17m 46s$346K$109K75x
ShortCoinbase International EIGEN-PERP-INTX0.23750.0488get 0.0061% / 1h17m 46s$38K$275K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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
$73.69
Price spread: +0.521% → +0.046%
$47.41
Slippage, 4 orders
−$112.13
Fee BloFin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$13.04
Costs to cover
1.341%
Break-even
8.2 days
Slippage from BloFin: live order book, 62 min ago; Coinbase International: live order book, 20 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 BloFin live order book, 62 min ago2.10 bp12.5 bp −$1232.2 bp −$322doesn't fitdoesn't fit
Sell Coinbase International live order book, 20 min ago8.85 bp26.7 bp −$27doesn'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
Kraken Futures PF_EIGENUSD−0.0104%1h0.2372+0.362%$158K$119K20xas long as short
Deribit EIGEN_USDC-PERPETUAL−0.0045%1h0.2371+0.330%$4110xas long as short
01 Exchange EIGENUSD−0.0016%1h0.2370+0.296%$804$5K10xas long as short
dYdX EIGEN-USD0.0000%1h0.2371+0.319%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+3.174%$6$65.5xas long as short
Lighter EIGEN+0.0096%1h0.2374+0.478%$534K$500K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2371+0.360%$36K$20K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2375+0.508%$4.5M$1.7M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2370+0.312%$44K$26K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2370+0.299%$8.0M$20.1M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EIGENUSDT+0.0100%4h0.2369+0.258%$9.0M$7.4M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2370+0.296%$1.6M$4.7M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2370+0.296%$703K$609K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2370+0.296%$7.9M$2.4M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2370+0.296%$2.4M$9.7M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2368+0.212%$1.8M$1.3M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2369+0.254%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2360−0.144%$207K$138Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2361−0.085%$179K$2.7M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2361−0.085%$34K$232K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2370+0.296%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2370+0.301%$90K$690K10xas long as short
BloFin EIGEN-USDTlong+0.0137%4h0.2363long leg$346K$109K75x
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2371+0.344%$2K100xas long as short
Coinbase International EIGEN-PERP-INTXshort+0.0488%1h0.2375+0.521%$38K$275K50x
Reya EIGENRUSDPERP+0.0522%1h0.2370+0.295%$82715xas long as short