Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0887%/8h= +97.2% APRpaid last 24h +0.149%

Price spread now: Reya against Bybit−0.027%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Reya

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.027% cheaper against Bybit than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EIGENUSDT	0.2382	−0.0368	get 0.0184% / 4h	2h 21m	$9.2M	$7.2M	50x
Short	Reya EIGENRUSDPERP	0.2381	0.0520	get 0.0065% / 1h	21m 32s	$831	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now −0.027%Rate

Funding earned: $186.37
Price spread: −0.027% → 0.000%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $166.64
Costs to cover: 0.170%
Break-even: 0.7 days

Slippage unknown: Bybit: live order book, 2 min ago; Reya: 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 Bybit live order book, 2 min ago	6.34 bp	22.1 bp −$22	57.0 bp −$570	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 EIGENUSDTlong	−0.0368%	4h	0.2382	long leg	$9.2M	$7.2M	50x
01 Exchange EIGENUSD	−0.0048%	1h	0.2380	−0.063%	$807	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2376	−0.249%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.372%	$6	$6	5.5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	+0.0045%	1h	0.2374	−0.328%	—	$41	10x	as long as short
Gate EIGEN_USDT	+0.0074%	4h	0.2379	−0.105%	$714K	$579K	50x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2379	−0.101%	$535K	$508K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2380	−0.042%	$37K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2385	+0.147%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2381	−0.009%	$44K	$26K	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	0.2381	−0.013%	$8.1M	$19.8M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2379	−0.105%	$1.6M	$4.7M	20x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2383	+0.063%	$7.9M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2373	−0.357%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2380	−0.063%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2380	−0.063%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2363	−0.793%	$211K	$134K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2364	−0.739%	$188K	$2.5M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2365	−0.693%	$34K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2373	−0.357%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2380	−0.045%	$88K	$726K	10x	as long as short
BloFin EIGEN-USDT	+0.0128%	4h	0.2367	−0.609%	$350K	$113K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2372	−0.390%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0327%	1h	0.2376	−0.228%	$158K	$111K	20x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0360%	1h	0.2377	−0.176%	$41K	$266K	50x	as long as short
Reya EIGENRUSDPERPshort	+0.0520%	1h	0.2381	−0.027%	$831	—	15x