Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.017%

Price spread now: Bybit against Deribit−0.029%45s7-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 Bybit

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. Bybit 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). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EIGEN_USDC-PERPETUAL	0.2421	0	get 0.0000% / 1h	59m 40s	—	$86	10x
Short	Bybit EIGENUSDT	0.2420	0.0100	get 0.0050% / 4h	59m 40s	$9.7M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.029%Rate

Funding earned: $21
Price spread: −0.029% → 0.000%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $0.11
Costs to cover: 0.180%
Break-even: 7.0 days

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	2.07 bp	18.1 bp −$18	55.9 bp −$559	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	−0.0464%	1h	0.2421	−0.008%	$821	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2420	−0.064%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALlong	0.0000%	1h	0.2421	long leg	—	$86	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.694%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0081%	4h	0.2419	−0.091%	$349K	$134K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2425	+0.157%	$558K	$443K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2421	+0.012%	$29K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2420	−0.042%	$45K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2421	−0.022%	$8.2M	$20.0M	75x	as long as short
Bybit EIGENUSDTshort	+0.0100%	4h	0.2420	−0.029%	$9.7M	$7.7M	50x

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	0.2422	+0.033%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2420	−0.050%	$727K	$635K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2420	−0.050%	$8.7M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2419	−0.091%	$2.3M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2420	−0.050%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2419	−0.091%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2418	−0.146%	$201K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2418	−0.133%	$186K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2415	−0.256%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2421	−0.008%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2421	−0.019%	$91K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2421	−0.005%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2420	−0.062%	$42K	$159K	50x	as long as short
Hyperliquid EIGEN	+0.0325%	1h	0.2428	+0.281%	$4.8M	$1.5M	5x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2421	+0.003%	$845	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0678%	1h	0.2422	+0.016%	$175K	$68K	20x	as long as short