EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0636%/8h= −69.7% APRnext payment −$3.18 per $10,000 · paid last 24h −0.027%

Price spread now: Bybit against Bitget−0.041%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.041%, 7d avg +0.015%

Together, before fees−0.125%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.056% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.167% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EIGENUSDT	0.2429	0.0100	pay 0.0050% / 4h	3h 49m	$1.9M	$1.4M	75x
Short	Bybit EIGENUSDT	0.2428	−0.0536	pay 0.0268% / 4h	3h 49m	$9.7M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$133.66
Price spread: −0.041% → +0.015%: −$5.58
Slippage, 4 orders: −$66.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$228.63
Costs to cover: 0.894%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 4 min ago.

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 Bitget live order book, 3 min ago	4.11 bp	21.1 bp −$21	63.6 bp −$636	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.06 bp	19.7 bp −$20	79.1 bp −$791	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
Bybit EIGENUSDTshort	−0.0536%	4h	0.2428	−0.041%	$9.7M	$7.7M	50x
01 Exchange EIGENUSD	−0.0136%	1h	0.2428	−0.041%	$823	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0097%	1h	0.2430	+0.057%	$174K	$74K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2428	−0.056%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2427	−0.095%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.371%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2434	+0.202%	$554K	$449K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2429	+0.021%	$32K	$18K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2434	+0.206%	$4.8M	$1.6M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2427	−0.076%	$48K	$35K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2428	−0.041%	$8.3M	$20.3M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2427	−0.082%	$1.7M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2428	−0.041%	$733K	$564K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2428	−0.041%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2428	−0.041%	$2.4M	$10.5M	50x	as long as short
Bitget EIGENUSDTlong	+0.0100%	4h	0.2429	long leg	$1.9M	$1.4M	75x
BingX EIGEN-USDT	+0.0100%	4h	0.2429	0.000%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2429	−0.015%	$202K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2434	+0.206%	$189K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2431	+0.082%	$36K	$237K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2426	−0.124%	$576	$3K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2428	−0.041%	$89K	$542K	10x	as long as short
BloFin EIGEN-USDT	+0.0118%	4h	0.2428	−0.041%	$351K	$133K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2427	−0.095%	$54K	$175K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2429	−0.014%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2429	−0.018%	$848	—	15x	as long as short