Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.036%

Price spread now: Gate against Deribit−0.105%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 Gate

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. Gate is 0.105% cheaper against Deribit than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 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	0.2377	0.0002	pay 0.0000% / 1h	8m 34s	—	$41	10x
Short	Gate EIGEN_USDT	0.2375	0.0100	get 0.0050% / 4h	1h 08m	$714K	$579K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.105%Rate

Funding earned: $20.49
Price spread: −0.105% → 0.000%: −$10.52
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$12.03
Costs to cover: 0.220%
Break-even: 11.1 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 33 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 Gate live order book, 33 min ago	4.21 bp	39.0 bp −$39	352.8 bp −$3,528	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	−0.0161%	4h	0.2374	−0.143%	$9.1M	$7.3M	50x	as long as short
Kraken Futures PF_EIGENUSD	−0.0027%	1h	0.2378	+0.028%	$160K	$115K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2377	−0.039%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALlong	+0.0002%	1h	0.2377	long leg	—	$41	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.545%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0064%	1h	0.2374	−0.147%	$805	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2381	+0.130%	$535K	$503K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2375	−0.105%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2380	+0.105%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2376	−0.064%	$44K	$26K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2375	−0.105%	$8.0M	$19.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2374	−0.147%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDTshort	+0.0100%	4h	0.2375	−0.105%	$714K	$579K	50x
MEXC EIGEN_USDT	+0.0100%	4h	0.2376	−0.063%	$8.1M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2376	−0.063%	$2.4M	$9.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2374	−0.147%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2376	−0.063%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2376	−0.061%	$208K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2376	−0.046%	$187K	$2.6M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2377	−0.021%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2377	−0.021%	$1K	$4K	10x	as long as short
BloFin EIGEN-USDT	+0.0103%	4h	0.2379	+0.063%	$347K	$113K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2375	−0.098%	$88K	$698K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2376	−0.062%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0448%	1h	0.2379	+0.076%	$38K	$268K	50x	as long as short
Reya EIGENRUSDPERP	+0.0521%	1h	0.2375	−0.091%	$829	—	15x	as long as short