Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0636%/8h= +69.6% APRpaid last 24h +0.203%

Price spread now: Lighter against Variational Omni+0.090%7-day average +0.251% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.593%+$59 on $10k

Price spread, last 3 days (all we have)+0.121%+$12 · spread now +0.090%, 7d avg +0.251%

Together, before fees+0.714%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.161% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.090% now, against its 7-day average of +0.251%). If the spread goes back, that is −$16 on $10k: about 20 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EIGEN	0.2442	0.0100	pay 0.0050% / 4h	42m 52s	$203K	$127K	—
Short	Lighter EIGEN	0.2444	0.0736	get 0.0092% / 1h	42m 52s	$562K	$443K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee LighterbpOrdersPrice spread, now +0.090%Rate

Funding earned: $133.56
Price spread: +0.090% → +0.251%: −$16.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $117.49
Costs to cover: 0.000%
Break-even: 0.8 days

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Lighter: live order book, 27 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 36 min ago	6.23 bp	doesn't fit	56.1 bp −$561	doesn't fit	doesn't fit
Sell Lighter live order book, 27 min ago	9.35 bp	11.8 bp −$12	56.9 bp −$569	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	−0.0064%	1h	0.2439	−0.131%	$827	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0037%	1h	0.2439	−0.135%	—	$86	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0016%	1h	0.2443	+0.025%	$176K	$68K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2441	−0.066%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	−0.172%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0079%	4h	0.2441	−0.049%	$352K	$135K	75x	as long as short
Bybit EIGENUSDT	+0.0092%	4h	0.2440	−0.090%	$9.7M	$7.7M	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2440	−0.090%	$32K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2441	−0.043%	$45K	$30K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2439	−0.131%	$8.3M	$20.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2438	−0.172%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2439	−0.131%	$733K	$637K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2438	−0.172%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2440	−0.090%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2440	−0.090%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2439	−0.131%	—	$1.6M	—	as long as short
Variational Omni EIGENlong	+0.0100%	4h	0.2442	long leg	$203K	$127K	—
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2441	−0.049%	$191K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2442	−0.008%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2440	−0.090%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2439	−0.133%	$92K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0160%	1h	0.2443	+0.021%	$42K	$160K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2440	−0.105%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0286%	1h	0.2446	+0.156%	$4.8M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2439	−0.133%	$851	—	15x	as long as short
Lighter EIGENshort	+0.0736%	1h	0.2444	+0.090%	$562K	$443K	5x