Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Bybit against Gate−0.008%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1141.137% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.008%, 7d avg −0.062%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.054% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EIGEN_USDT	0.2396	0.0100	pay 0.0050% / 4h	3h 34m	$726K	$568K	50x
Short	Bybit EIGENUSDT	0.2396	0.0100	get 0.0050% / 4h	3h 34m	$9.3M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.062%: $5.39
Slippage, 4 orders: −$87.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$108.3
Costs to cover: 1.137%
Break-even: never at this rate

Slippage from Gate: live order book, 17 min ago; Bybit: live order book, 4 min ago.

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 Gate live order book, 17 min ago	4.15 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.17 bp	23.1 bp −$23	60.1 bp −$601	doesn't fit	doesn't fit

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
dYdX EIGEN-USD	0.0000%	1h	0.2399	+0.108%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2396	+0.004%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.753%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0047%	4h	0.2397	+0.042%	$355K	$114K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2402	+0.238%	$540K	$501K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2398	+0.104%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2398	+0.070%	$44K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2397	+0.042%	$8.3M	$19.7M	75x	as long as short
Bybit EIGENUSDTshort	+0.0100%	4h	0.2396	−0.008%	$9.3M	$7.1M	50x
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2396	0.000%	$1.6M	$4.8M	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_USDTlong	+0.0100%	4h	0.2396	long leg	$726K	$568K	50x
MEXC EIGEN_USDT	+0.0100%	4h	0.2396	0.000%	$8.1M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2398	+0.083%	$2.4M	$10.0M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2396	0.000%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2396	0.000%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2397	+0.045%	$214K	$134K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2392	−0.167%	$193K	$2.4M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2399	+0.125%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2397	+0.042%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2396	+0.008%	$88K	$642K	10x	as long as short
Kraken Futures PF_EIGENUSD	+0.0108%	1h	0.2398	+0.075%	$164K	$104K	20x	as long as short
Hyperliquid EIGEN	+0.0125%	1h	0.2402	+0.250%	$4.6M	$1.7M	5x	as long as short
01 Exchange EIGENUSD	+0.0128%	1h	0.2399	+0.125%	$813	$5K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2396	+0.006%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0312%	1h	0.2399	+0.104%	$39K	$254K	50x	as long as short
Reya EIGENRUSDPERP	+0.0518%	1h	0.2398	+0.070%	$837	—	15x	as long as short