Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.037%

Price spread now: Variational Omni against Deribit−0.115%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.115% cheaper against Deribit than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.8 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	0.2444	0	get 0.0000% / 1h	19m 30s	—	$86	10x
Short	Variational Omni EIGEN	0.2442	0.0100	get 0.0050% / 4h	3h 19m	$206K	$121K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.115%Rate

Funding earned: $21
Price spread: −0.115% → 0.000%: −$11.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.53
Costs to cover: 0.070%
Break-even: 6.2 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 54 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 Variational Omni RFQ quote, 54 min ago	8.28 bp	doesn't fit	62.1 bp −$621	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
Kraken Futures PF_EIGENUSD	−0.0097%	1h	0.2448	+0.145%	$176K	$74K	20x	as long as short
01 Exchange EIGENUSD	−0.0088%	1h	0.2442	−0.098%	$828	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2444	−0.036%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALlong	0.0000%	1h	0.2444	long leg	—	$86	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	−0.262%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0088%	4h	0.2444	−0.016%	$356K	$132K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2450	+0.245%	$558K	$449K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2443	−0.037%	$32K	$18K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2443	−0.039%	$48K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2443	−0.057%	$8.4M	$20.1M	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	0.2443	−0.057%	$9.7M	$7.5M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2440	−0.180%	$1.7M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2442	−0.098%	$759K	$587K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2443	−0.057%	$8.7M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2441	−0.139%	$2.4M	$10.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2442	−0.098%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2441	−0.139%	—	$1.6M	—	as long as short
Variational Omni EIGENshort	+0.0100%	4h	0.2442	−0.115%	$206K	$121K	—
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2442	−0.098%	$190K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2442	−0.098%	$36K	$238K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2442	−0.098%	$580	$3K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2442	−0.107%	$93K	$644K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2442	−0.090%	$54K	$176K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2444	−0.026%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0201%	1h	0.2450	+0.229%	$4.9M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0515%	1h	0.2444	−0.033%	$853	—	15x	as long as short