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 +0.036%

Price spread now: Bitget against Deribit−0.163%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 Bitget

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. Bitget is 0.163% cheaper against Deribit than usual: you would sell low and buy high (spread −0.163% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.4 days 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	0.2395	0	get 0.0000% / 1h	40m 54s	—	$86	10x
Short	Bitget EIGENUSDT	0.2391	0.0100	get 0.0050% / 4h	2h 40m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.163%Rate

Funding earned: $21
Price spread: −0.163% → 0.000%: −$16.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$14.28
Costs to cover: 0.190%
Break-even: 11.8 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	4.18 bp	20.1 bp −$20	37.1 bp −$371	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
01 Exchange EIGENUSD	−0.0008%	1h	0.2394	−0.038%	$812	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2395	+0.004%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALlong	0.0000%	1h	0.2395	long leg	—	$86	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.800%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0065%	4h	0.2394	−0.038%	$350K	$136K	75x	as long as short
Bybit EIGENUSDT	+0.0087%	4h	0.2395	+0.004%	$9.6M	$8.0M	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2394	−0.038%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2396	+0.027%	$44K	$24K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2394	−0.031%	$8.2M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2394	−0.038%	$1.6M	$5.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2394	−0.038%	$716K	$672K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2395	+0.004%	$8.4M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2396	+0.046%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDTshort	+0.0100%	4h	0.2391	−0.163%	$1.9M	$1.4M	75x
BingX EIGEN-USDC	+0.0100%	4h	0.2394	−0.038%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2393	−0.100%	$201K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2396	+0.035%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2397	+0.088%	$35K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2394	−0.038%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2394	−0.051%	$90K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2396	+0.058%	$42K	$159K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2395	−0.009%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0312%	1h	0.2399	+0.177%	$173K	$68K	20x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2395	+0.002%	$836	—	15x	as long as short
Hyperliquid EIGEN	+0.0668%	1h	0.2400	+0.213%	$4.8M	$1.5M	5x	as long as short
Lighter EIGEN	+0.0696%	1h	0.2401	+0.259%	$578K	$392K	5x	as long as short