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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0278%/8h= +30.4% APRnext payment +$0.35 per $10,000 · paid last 24h +0.078%
Price spread now: Lighter against GMX+0.318%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.318% dearer against GMX than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX EIGEN/USD [ETH-USDC]0.2378L +0.0194% / S −0.0568%pay 0.0024% / 1h57m 07s$2K100x
ShortLighter EIGEN0.23850.0472get 0.0059% / 1h57m 07s$560K$502K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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
$58.28
Price spread: +0.318% → 0.000%
$31.84
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$78.12
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 50 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Lighter live order book, 50 min ago21.26 bp26.2 bp −$2697.0 bp −$970doesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.6440%1h0.2332−1.923%$791$5K10xas long as short
Bybit EIGENUSDT−0.0236%4h0.2376−0.069%$8.9M$6.7M50xas long as short
Kraken Futures PF_EIGENUSD−0.0088%1h0.2380+0.083%$159K$121K20xas long as short
dYdX EIGEN-USD0.0000%1h0.2377−0.012%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2378−0.001%$4110xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+2.535%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0073%4h0.2376−0.073%$350K$115K75xas long as short
Nado EIGEN-PERP+0.0100%1h0.2379+0.074%$36K$13K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2382+0.180%$4.5M$1.6M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2379+0.038%$44K$26K5xas long as short
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance EIGENUSDT+0.0100%4h0.2377−0.029%$8.1M$18.8M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2376−0.073%$1.6M$4.4M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2379+0.053%$711K$566K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2378+0.011%$8.0M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2379+0.053%$2.6M$9.3M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2375−0.115%$1.8M$1.2M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2377−0.031%$1.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2374−0.138%$216K$126Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2378+0.011%$183K$2.9M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2378+0.011%$35K$230K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2378+0.011%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2377−0.040%$83K$684K10xas long as short
GMX EIGEN/USD [ETH-USDC]longL +0.0194% / S −0.0568%1h0.2378long leg$2K100x
Lighter EIGENshort+0.0472%1h0.2385+0.318%$560K$502K5x
Coinbase International EIGEN-PERP-INTX+0.0488%1h0.2384+0.268%$40K$267K50xas long as short
Reya EIGENRUSDPERP+0.0524%1h0.2377−0.015%$83015xas long as short