Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.037%

Price spread now: BingX against Deribit−0.029%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on BingX

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. BingX is 0.029% cheaper against Deribit than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EIGEN_USDC-PERPETUAL	0.2397	0	get 0.0000% / 1h	53m 39s	—	$41	10x
Short	BingX EIGEN-USDC	0.2396	0.0100	get 0.0050% / 4h	53m 39s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $21
Price spread: −0.029% → 0.000%: −$2.92
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $1.08
Costs to cover: 0.170%
Break-even: 6.6 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 12 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	4.20 bp	118.7 bp −$119	doesn't fit	doesn't fit	doesn't fit

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
Bybit EIGENUSDT	−0.0037%	4h	0.2393	−0.150%	$9.3M	$7.4M	50x	as long as short
01 Exchange EIGENUSD	−0.0016%	1h	0.2396	−0.029%	$812	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2396	−0.029%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALlong	0.0000%	1h	0.2397	long leg	—	$41	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.723%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2399	+0.104%	$539K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2401	+0.200%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2400	+0.138%	$4.7M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2397	+0.029%	$44K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2395	−0.071%	$8.3M	$20.3M	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	0.2393	−0.154%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2397	+0.013%	$732K	$569K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2394	−0.113%	$8.1M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2395	−0.071%	$2.4M	$10.2M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2396	−0.029%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDCshort	+0.0100%	4h	0.2396	−0.029%	—	$6.5M	—
Variational Omni EIGEN	+0.0100%	4h	0.2403	+0.246%	$195K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2394	−0.130%	$186K	$2.3M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2392	−0.196%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2397	+0.013%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2393	−0.139%	$90K	$637K	10x	as long as short
BloFin EIGEN-USDT	+0.0116%	4h	0.2402	+0.221%	$357K	$117K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2397	+0.005%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0280%	1h	0.2401	+0.188%	$40K	$248K	50x	as long as short
Kraken Futures PF_EIGENUSD	+0.0473%	1h	0.2398	+0.046%	$164K	$104K	20x	as long as short
Reya EIGENRUSDPERP	+0.0517%	1h	0.2400	+0.145%	$838	—	15x	as long as short