Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0415%/8h= +45.5% APRpaid last 24h +0.121%

Price spread now: Reya against Gate−0.319%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Reya

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.319% cheaper against Gate than usual: you would sell low and buy high (spread −0.319% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 2.6 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EIGEN_USDT	0.2389	0.0100	pay 0.0050% / 4h	2h 53m	$740K	$589K	50x
Short	Reya EIGENRUSDPERP	0.2381	0.0515	get 0.0064% / 1h	53m 49s	$831	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.319%Rate

Funding earned: $87.19
Price spread: −0.319% → 0.000%: −$31.87
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $34.32
Costs to cover: 0.210%
Break-even: 4.2 days

Slippage unknown: Gate: live order book, 13 min ago; Reya: no order-book sample. 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 Gate live order book, 13 min ago	4.10 bp	32.9 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0016%	1h	0.2381	−0.335%	$807	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2386	−0.143%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.051%	$6	$6	5.5x	as long as short
ApeX Omni EIGENUSDT	+0.0056%	1h	0.2398	+0.377%	$35K	$237K	50x	as long as short
Bybit EIGENUSDT	+0.0083%	4h	0.2390	+0.059%	$9.4M	$7.9M	50x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0096%	1h	0.2393	+0.172%	$41K	$219K	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2383	−0.251%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2392	+0.113%	$44K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2392	+0.146%	$8.3M	$20.7M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2391	+0.084%	$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_USDTlong	+0.0100%	4h	0.2389	long leg	$740K	$589K	50x
MEXC EIGEN_USDT	+0.0100%	4h	0.2394	+0.209%	$8.3M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2389	0.000%	$2.3M	$10.4M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2391	+0.084%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2393	+0.167%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2381	−0.350%	$198K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2396	+0.293%	$189K	$2.2M	10x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2388	−0.042%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2394	+0.212%	$91K	$640K	10x	as long as short
BloFin EIGEN-USDT	+0.0127%	4h	0.2383	−0.251%	$359K	$124K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2385	−0.166%	$2K	—	100x	as long as short
Deribit EIGEN_USDC-PERPETUAL	+0.0252%	1h	0.2390	+0.042%	—	$66	10x	as long as short
Hyperliquid EIGEN	+0.0284%	1h	0.2398	+0.377%	$4.8M	$1.6M	5x	as long as short
Lighter EIGEN	+0.0304%	1h	0.2401	+0.498%	$570K	$473K	5x	as long as short
Reya EIGENRUSDPERPshort	+0.0515%	1h	0.2381	−0.319%	$831	—	15x
Kraken Futures PF_EIGENUSD	+0.0603%	1h	0.2392	+0.134%	$163K	$92K	20x	as long as short