Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.012%

Price spread now: Gate against Coinbase International−0.070%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.070%, 7d avg −0.049%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.021% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, 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	0.2420	0.0200	pay 0.0025% / 1h	1m 11s	$42K	$159K	50x
Short	Gate EIGEN_USDT	0.2418	0.0100	get 0.0050% / 4h	1h 01m	$727K	$645K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.070%Rate

Funding earned: −$21
Price spread: −0.070% → −0.049%: −$2.13
Slippage, 4 orders: −$77.93
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.07
Costs to cover: 1.029%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 17 min ago; Gate: live order book, 15 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, 17 min ago	7.07 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 15 min ago	4.16 bp	30.0 bp −$30	796.1 bp −$7,961	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
01 Exchange EIGENUSD	−0.0104%	1h	0.2418	−0.070%	$820	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2417	−0.126%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2419	−0.037%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.756%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0081%	4h	0.2419	−0.029%	$349K	$134K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2423	+0.141%	$557K	$443K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2420	+0.033%	$29K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2426	+0.260%	$4.8M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2419	−0.016%	$45K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2420	−0.001%	$8.2M	$20.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit EIGENUSDT	+0.0100%	4h	0.2421	+0.054%	$9.7M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2421	+0.054%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDTshort	+0.0100%	4h	0.2418	−0.070%	$727K	$645K	50x
MEXC EIGEN_USDT	+0.0100%	4h	0.2420	+0.012%	$8.7M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2420	+0.012%	$2.3M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2420	+0.012%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2421	+0.054%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2408	−0.476%	$200K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2410	−0.417%	$185K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2415	−0.194%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2420	+0.012%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2418	−0.050%	$91K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2420	+0.003%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTXlong	+0.0200%	1h	0.2420	long leg	$42K	$159K	50x
Reya EIGENRUSDPERP	+0.0513%	1h	0.2419	−0.028%	$844	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0678%	1h	0.2420	+0.020%	$175K	$68K	20x	as long as short