Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0468%/8h= +51.3% APRpaid last 24h +0.236%

Price spread now: GMX against Bitget−0.034%7-day average — · you buy dearer than you sell

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

Long on Bitget 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—needs both histories

Funding pays, the price is against you. GMX is 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 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	Bitget EIGENUSDT	0.2410	0.0100	pay 0.0050% / 4h	1h 18m	$1.9M	$1.5M	75x
Short	GMX EIGEN/USD [ETH-USDC]	0.2409	L +0.0195% / S −0.0568%	get 0.0071% / 1h	18m 22s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $98.37
Price spread: −0.034% → 0.000%: −$3.36
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $71.01
Costs to cover: 0.240%
Break-even: 1.9 days

Slippage unknown: Bitget: live order book, 4 min ago; 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 Bitget live order book, 4 min ago	4.14 bp	20.5 bp −$20	52.7 bp −$527	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Bybit EIGENUSDT	−0.0063%	4h	0.2409	−0.041%	$9.4M	$7.5M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2414	+0.146%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2410	−0.004%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.162%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0065%	4h	0.2413	+0.124%	$357K	$118K	75x	as long as short
01 Exchange EIGENUSD	+0.0072%	1h	0.2407	−0.124%	$816	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2422	+0.481%	$544K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2413	+0.124%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2416	+0.234%	$45K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2411	+0.022%	$8.3M	$20.5M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2409	−0.041%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2409	−0.041%	$738K	$592K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2411	+0.041%	$8.3M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2412	+0.083%	$2.4M	$10.3M	50x	as long as short
Bitget EIGENUSDTlong	+0.0100%	4h	0.2410	long leg	$1.9M	$1.5M	75x
BingX EIGEN-USDT	+0.0100%	4h	0.2409	−0.041%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2416	+0.230%	$196K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2411	+0.031%	$195K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2416	+0.249%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2410	0.000%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2410	+0.005%	$92K	$642K	10x	as long as short
Hyperliquid EIGEN	+0.0132%	1h	0.2416	+0.249%	$4.7M	$1.7M	5x	as long as short
GMX EIGEN/USD [ETH-USDC]short	L +0.0195% / S −0.0568%	1h	0.2409	−0.034%	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0208%	1h	0.2417	+0.307%	$41K	$248K	50x	as long as short
Reya EIGENRUSDPERP	+0.0517%	1h	0.2412	+0.072%	$842	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0572%	1h	0.2411	+0.042%	$166K	$100K	20x	as long as short