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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.216%
Price spread now: ApeX Omni against Lighter−0.269%108s7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$800.802% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.633%−$63 on $10k
Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.269%, 7d avg −0.194%
Together, before fees−0.467%+ Points / potential airdropLighter: Season 3 · farm board−$47 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.076% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.194%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EIGEN0.24120.0096pay 0.0012% / 1h5m 47s$542K$431K5x
ShortApeX Omni EIGENUSDT0.24060.0100get 0.0013% / 1h5m 47s$35K$236K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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
$0.84
Price spread: −0.269% → −0.194%
−$7.56
Slippage, 4 orders
−$70.22
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$86.95
Costs to cover
0.802%
Break-even
731.6 days
Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 11 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 Lighter live order book, 5 min ago9.35 bp16.4 bp −$1684.6 bp −$846doesn't fitdoesn't fit
Sell ApeX Omni live order book, 11 min ago10.40 bp25.6 bp −$26doesn'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−0.0104%1h0.2411−0.062%$818$5K10xas long as short
dYdX EIGEN-USD0.0000%1h0.2407−0.241%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2411−0.075%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.057%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0089%4h0.2404−0.352%$347K$133K75xas long as short
Lighter EIGENlong+0.0096%1h0.2412long leg$542K$431K5x
Nado EIGEN-PERP+0.0100%1h0.2410−0.083%$28K$17K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2414+0.062%$4.7M$1.5M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2409−0.134%$44K$29K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2409−0.145%$8.2M$20.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EIGENUSDT+0.0100%4h0.2408−0.178%$9.6M$7.7M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2409−0.145%$1.6M$4.9M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2409−0.145%$725K$639K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2409−0.145%$8.7M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2409−0.145%$2.3M$10.6M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2408−0.187%$1.8M$1.3M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.2409−0.145%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2404−0.345%$200K$127Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2406−0.256%$185K$2.1M10xas long as short
ApeX Omni EIGENUSDTshort+0.0100%1h0.2406−0.269%$35K$236K50x
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2411−0.062%$2K$1K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2409−0.145%$91K$496K10xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2411−0.050%$2K100xas long as short
Coinbase International EIGEN-PERP-INTX+0.0200%1h0.2409−0.137%$42K$158K50xas long as short
Reya EIGENRUSDPERP+0.0513%1h0.2412−0.029%$84215xas long as short
Kraken Futures PF_EIGENUSD+0.0681%1h0.2411−0.045%$174K$68K20xas long as short