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+0.0053%/8h= +5.8% APRpaid last 24h +0.071%
Price spread now: Hyperliquid against OKX+0.252%7-day average +0.148% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$820.818% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.103%+$10 on $10k
Price spread, last 7 days−0.094%−$9 · spread now +0.252%, 7d avg +0.148%
Together, before fees+0.009%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.104% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.148%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EIGEN-USDT-SWAP0.23790.0100pay 0.0050% / 4h3h 09m$1.6M$4.7M20x
ShortHyperliquid EIGEN0.23850.0153get 0.0019% / 1h9m 39s$4.5M$1.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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
$11.15
Price spread: +0.252% → +0.148%
$10.44
Slippage, 4 orders
−$62.84
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$60.25
Costs to cover
0.818%
Break-even
44.8 days
Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago2.10 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+0.066%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2379−0.013%$4110xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+2.480%$6$65.5xas long as short
Lighter EIGEN+0.0096%1h0.2387+0.340%$536K$507K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2382+0.105%$37K$20K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2382+0.128%$44K$37K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2381+0.084%$8.2M$19.8M75xas long as short
Bybit EIGENUSDT+0.0100%4h0.2380+0.025%$9.2M$7.1M50xas long as short
OKX EIGEN-USDT-SWAPlong+0.0100%4h0.2379long leg$1.6M$4.7M20x
Gate EIGEN_USDT+0.0100%4h0.2378−0.042%$717K$575K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EIGEN_USDT+0.0100%4h0.2381+0.084%$8.0M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2383+0.168%$2.4M$9.9M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.23790.000%$1.8M$1.4M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2381+0.084%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2387+0.339%$213K$135Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2390+0.462%$193K$2.4M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2390+0.462%$35K$230K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2386+0.294%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2380+0.026%$91K$734K10xas long as short
BloFin EIGEN-USDT+0.0109%4h0.2390+0.462%$354K$115K75xas long as short
Kraken Futures PF_EIGENUSD+0.0109%1h0.2381+0.086%$160K$107K20xas long as short
01 Exchange EIGENUSD+0.0136%1h0.2381+0.084%$807$5K10xas long as short
Hyperliquid EIGENshort+0.0153%1h0.2385+0.252%$4.5M$1.7M5x
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2385+0.237%$2K100xas long as short
Coinbase International EIGEN-PERP-INTX+0.0312%1h0.2379+0.017%$41K$264K50xas long as short
Reya EIGENRUSDPERP+0.0519%1h0.2386+0.284%$83315xas long as short