Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.036%

Price spread now: Deribit against Bitget+0.067%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Deribit

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—needs both histories

The price spread pays, funding is against you. Deribit is 0.067% dearer against Bitget than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EIGENUSDT	0.2405	0.0100	pay 0.0050% / 4h	2h 13m	$1.9M	$1.3M	75x
Short	Deribit EIGEN_USDC-PERPETUAL	0.2407	−0.0248	pay 0.0031% / 1h	13m 45s	—	$86	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$73.16
Price spread: +0.067% → 0.000%: $6.65
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$85.51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Deribit: 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 Bitget live order book, 3 min ago	4.16 bp	23.0 bp −$23	54.4 bp −$544	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Deribit EIGEN_USDC-PERPETUALshort	−0.0248%	1h	0.2407	+0.067%	—	$86	10x
dYdX EIGEN-USD	0.0000%	1h	0.2408	+0.118%	$3K	—	5x	as long as short
01 Exchange EIGENUSD	0.0000%	1h	0.2405	0.000%	$816	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.372%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0080%	4h	0.2410	+0.208%	$350K	$136K	75x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2407	+0.062%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2407	+0.097%	$47K	$26K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2407	+0.065%	$8.2M	$20.1M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2406	+0.042%	$9.6M	$8.0M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2406	+0.042%	$1.6M	$5.1M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2404	−0.042%	$719K	$672K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2407	+0.083%	$8.5M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2407	+0.083%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDTlong	+0.0100%	4h	0.2405	long leg	$1.9M	$1.3M	75x
BingX EIGEN-USDC	+0.0100%	4h	0.2406	+0.042%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2408	+0.120%	$203K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2412	+0.297%	$188K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2412	+0.291%	$36K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2406	+0.042%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2407	+0.075%	$91K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2415	+0.424%	$42K	$161K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2407	+0.087%	$2K	—	100x	as long as short
Lighter EIGEN	+0.0208%	1h	0.2411	+0.241%	$562K	$415K	5x	as long as short
Kraken Futures PF_EIGENUSD	+0.0311%	1h	0.2408	+0.116%	$174K	$68K	20x	as long as short
Hyperliquid EIGEN	+0.0368%	1h	0.2412	+0.291%	$4.8M	$1.5M	5x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2406	+0.040%	$840	—	15x	as long as short