Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h +0.046%

Price spread now: BloFin against Coinbase International−0.357%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.511%+$51 on $10k

Price spread, last 3 days (all we have)+0.323%+$32 · spread now −0.357%, 7d avg −0.046%

Together, before fees+0.834%+$83 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.311% cheaper against Coinbase International than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.046%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.511%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International EIGEN-PERP-INTX	0.2412	0.0200	pay 0.0025% / 1h	12m 56s	$42K	$159K	50x
Short	BloFin EIGEN-USDT	0.2403	0.0127	get 0.0064% / 4h	1h 12m	$347K	$133K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.357%Rate

Funding earned: −$15.31
Price spread: −0.357% → −0.046%: −$31.09
Slippage, 4 orders: −$53.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$121.46
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; BloFin: live order book, 2 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 Coinbase International live order book, 5 min ago	7.07 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	4.16 bp	13.6 bp −$14	24.9 bp −$249	181.2 bp −$18.1K	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
Deribit EIGEN_USDC-PERPETUAL	−0.0124%	1h	0.2403	−0.348%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0112%	1h	0.2402	−0.398%	$814	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2407	−0.204%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.095%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2407	−0.174%	$541K	$431K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2404	−0.294%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2409	−0.108%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2405	−0.260%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2404	−0.315%	$8.2M	$20.0M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2404	−0.315%	$9.6M	$7.8M	50x	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	0.2404	−0.315%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2404	−0.315%	$720K	$639K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2404	−0.315%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2406	−0.232%	$2.3M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2405	−0.274%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2405	−0.274%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2404	−0.307%	$200K	$132K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2405	−0.287%	$185K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2405	−0.274%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2404	−0.315%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2404	−0.295%	$91K	$496K	10x	as long as short
BloFin EIGEN-USDTshort	+0.0127%	4h	0.2403	−0.357%	$347K	$133K	75x
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2404	−0.328%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTXlong	+0.0200%	1h	0.2412	long leg	$42K	$159K	50x
Reya EIGENRUSDPERP	+0.0513%	1h	0.2403	−0.343%	$839	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0682%	1h	0.2406	−0.243%	$174K	$68K	20x	as long as short