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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0052%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.071%
Price spread now: Hyperliquid against ApeX Omni−0.209%7-day average +0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$950.947% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.209%, 7d avg +0.145%
Together, before fees+0.342%+ Points / potential airdropHyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.354% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.209% now, against its 7-day average of +0.145%). If the spread goes back, that is −$35 on $10k: about 23 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EIGENUSDT0.23900.0100pay 0.0013% / 1h9m 18s$35K$230K50x
ShortHyperliquid EIGEN0.23850.0152get 0.0019% / 1h9m 18s$4.5M$1.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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
$10.83
Price spread: −0.209% → +0.145%
−$35.37
Slippage, 4 orders
−$75.69
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$119.24
Costs to cover
0.947%
Break-even
84.1 days
Slippage from ApeX Omni: live order book, 42 min ago; Hyperliquid: live order book, 2 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 ApeX Omni live order book, 42 min ago12.43 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago2.09 bp21.8 bp −$22doesn'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
dYdX EIGEN-USD0.0000%1h0.2381−0.394%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2380−0.427%$4110xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+2.008%$6$65.5xas long as short
Lighter EIGEN+0.0096%1h0.2383−0.285%$536K$507K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2382−0.356%$37K$20K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2381−0.359%$44K$37K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2379−0.460%$8.2M$19.8M75xas long as short
Bybit EIGENUSDT+0.0100%4h0.2379−0.477%$9.2M$7.1M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2378−0.502%$1.6M$4.7M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2378−0.502%$717K$575K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EIGEN_USDT+0.0100%4h0.2379−0.460%$8.0M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2382−0.335%$2.4M$9.9M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2377−0.544%$1.8M$1.4M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.2379−0.460%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2387−0.123%$213K$135Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.23900.000%$193K$2.4M10xas long as short
ApeX Omni EIGENUSDTlong+0.0100%1h0.2390long leg$35K$230K50x
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2381−0.377%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2378−0.497%$91K$734K10xas long as short
Kraken Futures PF_EIGENUSD+0.0109%1h0.2380−0.402%$160K$107K20xas long as short
BloFin EIGEN-USDT+0.0130%4h0.2386−0.167%$352K$115K75xas long as short
01 Exchange EIGENUSD+0.0136%1h0.2381−0.377%$807$5K10xas long as short
Hyperliquid EIGENshort+0.0152%1h0.2385−0.209%$4.5M$1.7M5x
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2379−0.444%$2K100xas long as short
Coinbase International EIGEN-PERP-INTX+0.0312%1h0.2378−0.502%$41K$264K50xas long as short
Reya EIGENRUSDPERP+0.0519%1h0.2379−0.462%$83015xas long as short