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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0387%/8hnext payment +$1.93 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit+0.054%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$710.705% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.140%+$14 on $10k
Price spread, last 7 days+0.002%$0 · spread now +0.054%, 7d avg +0.027%
Together, before fees+0.142%+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BingX is 0.027% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.027%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EIGENUSDT0.2397−0.0287get 0.0143% / 4h6m 58s$9.6M$7.9M50x
ShortBingX EIGEN-USDT0.23980.0100get 0.0050% / 4h6m 58s$1.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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
$81.21
Price spread: +0.054% → +0.027%
$2.72
Slippage, 4 orders
−$49.52
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
$13.41
Costs to cover
0.705%
Break-even
5.8 days
Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 17 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 Bybit live order book, 6 min ago4.16 bp20.0 bp −$2053.2 bp −$532doesn't fitdoesn't fit
Sell BingX live order book, 17 min ago6.23 bp11.2 bp −$1125.7 bp −$257260.2 bp −$26.0K737.4 bp −$368.7K

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
Bybit EIGENUSDTlong−0.0287%4h0.2397long leg$9.6M$7.9M50x
Kraken Futures PF_EIGENUSD−0.0230%1h0.2403+0.253%$174K$72K20xas long as short
01 Exchange EIGENUSD−0.0088%1h0.2397+0.013%$763$6010xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2398+0.058%$8610xas long as short
dYdX EIGEN-USD0.0000%1h0.2400+0.138%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.723%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0083%4h0.2403+0.263%$353K$133K75xas long as short
Lighter EIGEN+0.0096%1h0.2401+0.188%$542K$350K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2399+0.075%$27K$15K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2400+0.121%$44K$24K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance EIGENUSDT+0.0100%4h0.2398+0.054%$8.1M$19.4M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2396−0.029%$1.7M$4.8M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2396−0.029%$714K$678K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2397+0.013%$8.2M$2.2M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2400+0.138%$2.4M$10.4M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2396−0.029%$1.8M$1.4M75xas long as short
BingX EIGEN-USDTshort+0.0100%4h0.2398+0.054%$1.6M
Variational Omni EIGEN+0.0100%4h0.2404+0.325%$199K$143Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2405+0.344%$186K$1.9M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2410+0.555%$35K$234K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2398+0.054%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2397+0.020%$89K$494K10xas long as short
Coinbase International EIGEN-PERP-INTX+0.0152%1h0.2399+0.079%$41K$156K50xas long as short
Hyperliquid EIGEN+0.0161%1h0.2403+0.263%$4.8M$1.5M5xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2398+0.069%$2K100xas long as short
Reya EIGENRUSDPERP+0.0510%1h0.2398+0.042%$83715xas long as short