Funding you earn now, next payment 22:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.245%
Price spread now: Bybit against Lighter−0.179%7-day average −0.278% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$950.954% of the position
Funding, last 7 days−0.788%−$79 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.179%, 7d avg −0.278%
=Together, before fees−0.955%+ Points / potential airdropLighter: Season 3 · farm board−$96 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.098% dearer against Lighter than usual: you sell high and buy low (spread −0.179% now, against its 7-day average of −0.278%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 7 days (−0.788% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EIGEN | 0.2396 | 0.0152 | pay 0.0019% / 1h | 10m 01s | $540K | $434K | 5x |
| Short | Bybit EIGENUSDT | 0.2392 | 0.0100 | get 0.0050% / 4h | 2h 10m | $9.6M | $8.0M | 50x |
Lighter EIGEN
Bybit EIGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.92
- Price spread: −0.179% → −0.278%
- $9.82
- Slippage, 4 orders
- −$84.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.54
- Costs to cover
- 0.954%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Bybit: live order book, 8 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 5 min ago | 15.75 bp | 21.0 bp −$21 | 81.1 bp −$811 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 2.08 bp | 25.3 bp −$25 | 65.4 bp −$654 | doesn't fit | doesn't fit |
EIGEN on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange EIGENUSD | −0.0008% | 1h | 0.2394 | −0.096% | $812 | $5K | 10x | as long as short |
| Deribit EIGEN_USDC-PERPETUAL | −0.0001% | 1h | 0.2393 | −0.138% | — | $86 | 10x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2394 | −0.101% | $3K | — | 5x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | +1.740% | $6 | $6 | 5.5x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2395 | −0.054% | $29K | $16K | 3x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2392 | −0.163% | $46K | $29K | 5x | as long as short |
| Binance EIGENUSDT | +0.0100% | 4h | 0.2392 | −0.179% | $8.2M | $20.2M | 75x | as long as short |
| Bybit EIGENUSDTshort | +0.0100% | 4h | 0.2392 | −0.179% | $9.6M | $8.0M | 50x | |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2391 | −0.221% | $1.6M | $5.0M | 20x | as long as short |
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2392 | −0.179% | $716K | $674K | 50x | as long as short |
01 Exchange EIGENUSD
Deribit EIGEN_USDC-PERPETUAL
dYdX EIGEN-USD
Injective EIGEN/USDC PERP
Nado EIGEN-PERP
Aster EIGENUSDT
Binance EIGENUSDT
OKX EIGEN-USDT-SWAP
Gate EIGEN_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2393 | −0.138% | $8.5M | $2.3M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2394 | −0.096% | $2.3M | $10.8M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2393 | −0.138% | $1.9M | $1.4M | 75x | as long as short |
| BingX EIGEN-USDC | +0.0100% | 4h | 0.2392 | −0.179% | — | $6.5M | — | as long as short |
| Variational Omni EIGEN | +0.0100% | 4h | 0.2393 | −0.119% | $201K | $152K | — | as long as short |
| GRVT EIGEN_USDT_Perp | +0.0100% | 4h | 0.2402 | +0.238% | $187K | $2.1M | 10x | as long as short |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2408 | +0.488% | $35K | $235K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2393 | −0.138% | $2K | $2K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2392 | −0.200% | $91K | $496K | 10x | as long as short |
| Coinbase International EIGEN-PERP-INTX | +0.0144% | 1h | 0.2397 | +0.050% | $42K | $160K | 50x | as long as short |
| Lighter EIGENlong | +0.0152% | 1h | 0.2396 | long leg | $540K | $434K | 5x | |
| BloFin EIGEN-USDT | +0.0158% | 4h | 0.2394 | −0.096% | $349K | $136K | 75x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0194% / S −0.0568% | 1h | 0.2395 | −0.068% | $2K | — | 100x | as long as short |
| Hyperliquid EIGEN | +0.0304% | 1h | 0.2397 | +0.029% | $4.7M | $1.5M | 5x | as long as short |
| Kraken Futures PF_EIGENUSD | +0.0312% | 1h | 0.2395 | −0.038% | $173K | $68K | 20x | as long as short |
| Reya EIGENRUSDPERP | +0.0512% | 1h | 0.2394 | −0.092% | $836 | — | 15x | as long as short |
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDC
Variational Omni EIGEN
GRVT EIGEN_USDT_Perp
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
Coinbase International EIGEN-PERP-INTX
BloFin EIGEN-USDT
GMX EIGEN/USD [ETH-USDC]
Hyperliquid EIGEN
Kraken Futures PF_EIGENUSD
Reya EIGENRUSDPERP