Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0468%/8h= +51.3% APRpaid last 24h +0.222%

Price spread now: GMX against Aster−0.059%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.059% cheaper against Aster than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EIGENUSDT	0.2394	0.0100	pay 0.0050% / 4h	5m 11s	$44K	$37K	5x
Short	GMX EIGEN/USD [ETH-USDC]	0.2393	L +0.0195% / S −0.0568%	get 0.0071% / 1h	5m 11s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $98.37
Price spread: −0.059% → 0.000%: −$5.87
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $72.5
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: Aster: no order-book sample; GMX: no order-book sample. 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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and 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 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
dYdX EIGEN-USD	0.0000%	1h	0.2393	−0.060%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	+0.0001%	1h	0.2394	−0.035%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.824%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0056%	1h	0.2393	−0.055%	$811	$5K	10x	as long as short
BloFin EIGEN-USDT	+0.0071%	4h	0.2395	+0.028%	$354K	$113K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2400	+0.237%	$539K	$504K	5x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2394	−0.014%	$9.3M	$7.3M	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2393	−0.055%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2398	+0.153%	$4.6M	$1.7M	5x	as long as short
Aster EIGENUSDTlong	+0.0100%	4h	0.2394	long leg	$44K	$37K	5x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2394	−0.004%	$8.3M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2392	−0.097%	$1.6M	$4.8M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2390	−0.181%	$728K	$577K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2393	−0.055%	$8.1M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2394	−0.014%	$2.4M	$10.0M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2394	−0.014%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2394	−0.014%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2393	−0.052%	$209K	$134K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2396	+0.070%	$183K	$2.3M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2396	+0.070%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2394	−0.014%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2393	−0.069%	$88K	$639K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]short	L +0.0195% / S −0.0568%	1h	0.2393	−0.059%	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0280%	1h	0.2396	+0.087%	$40K	$250K	50x	as long as short
Kraken Futures PF_EIGENUSD	+0.0473%	1h	0.2394	−0.009%	$163K	$105K	20x	as long as short
Reya EIGENRUSDPERP	+0.0518%	1h	0.2393	−0.039%	$835	—	15x	as long as short