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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0321%/8h= +35.2% APRnext payment +$1.61 per $10,000 · paid last 24h +0.066%
Price spread now: BloFin against Bybit+0.169%52s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$790.793% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.596%+$60 on $10k
Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.169%, 7d avg +0.025%
Together, before fees+0.561%+$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.144% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EIGENUSDT0.2372−0.0243get 0.0121% / 4h1h 54m$8.9M$6.7M50x
ShortBloFin EIGEN-USDT0.23760.0079get 0.0039% / 4h1h 54m$350K$115K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$67.45
Price spread: +0.169% → +0.025%
$14.4
Slippage, 4 orders
−$56.34
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
$2.5
Costs to cover
0.793%
Break-even
6.7 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 53 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, 2 min ago4.21 bp23.6 bp −$2463.5 bp −$635doesn't fitdoesn't fit
Sell BloFin live order book, 53 min ago4.23 bp13.0 bp −$1324.9 bp −$249161.5 bp −$16.2Kdoesn'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−0.6400%1h0.2327−1.897%$789$5K10xas long as short
Bybit EIGENUSDTlong−0.0243%4h0.2372long leg$8.9M$6.7M50x
Deribit EIGEN_USDC-PERPETUAL−0.0171%1h0.2372+0.008%$4110xas long as short
Kraken Futures PF_EIGENUSD−0.0089%1h0.2374+0.097%$158K$121K20xas long as short
dYdX EIGEN-USD0.0000%1h0.2374+0.100%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+2.782%$6$65.5xas long as short
BloFin EIGEN-USDTshort+0.0079%4h0.2376+0.169%$350K$115K75x
Nado EIGEN-PERP+0.0100%1h0.2374+0.063%$36K$13K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2378+0.253%$4.5M$1.6M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2375+0.129%$44K$26K5xas long as short
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance EIGENUSDT+0.0100%4h0.23720.000%$8.1M$18.8M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.23720.000%$1.6M$4.4M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2374+0.084%$709K$566K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.23720.000%$8.0M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2374+0.084%$2.6M$9.3M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2371−0.042%$1.8M$1.2M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2373+0.042%$1.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2375+0.122%$216K$126Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2377+0.229%$185K$2.9M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2378+0.253%$35K$230K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.23720.000%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2372−0.020%$83K$684K10xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2374+0.066%$2K100xas long as short
Lighter EIGEN+0.0480%1h0.2380+0.325%$558K$502K5xas long as short
Coinbase International EIGEN-PERP-INTX+0.0488%1h0.2377+0.190%$40K$266K50xas long as short
Reya EIGENRUSDPERP+0.0524%1h0.2372+0.017%$82815xas long as short