Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0095%/8h= −10.3% APRpaid last 24h −0.024%

Price spread now: Aster against GMX+0.065%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.065% dearer against GMX than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX EIGEN/USD [ETH-USDC]	0.2374	L +0.0195% / S −0.0568%	pay 0.0024% / 1h	8m 14s	$2K	—	100x
Short	Aster EIGENUSDT	0.2376	0.0100	get 0.0050% / 4h	1h 08m	$44K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$19.85
Price spread: +0.065% → 0.000%: $6.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: 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 GMX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

GMX and Aster: 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	−0.010%	$9.1M	$7.3M	50x	as long as short
Kraken Futures PF_EIGENUSD	−0.0027%	1h	0.2377	+0.092%	$160K	$115K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2377	+0.090%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2375	+0.036%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.677%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0064%	1h	0.2374	−0.019%	$805	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2381	+0.259%	$535K	$503K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2375	+0.024%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2380	+0.234%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDTshort	+0.0100%	4h	0.2376	+0.065%	$44K	$26K	5x

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	+0.024%	$8.0M	$19.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2374	−0.019%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2375	+0.024%	$714K	$579K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2375	+0.024%	$8.1M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2376	+0.066%	$2.4M	$9.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2374	−0.019%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2376	+0.066%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2376	+0.068%	$208K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2376	+0.083%	$187K	$2.6M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2377	+0.108%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2375	+0.024%	$1K	$4K	10x	as long as short
BloFin EIGEN-USDT	+0.0103%	4h	0.2379	+0.192%	$347K	$113K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2375	+0.031%	$88K	$698K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]long	L +0.0195% / S −0.0568%	1h	0.2374	long leg	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0448%	1h	0.2379	+0.205%	$38K	$268K	50x	as long as short
Reya EIGENRUSDPERP	+0.0521%	1h	0.2375	+0.038%	$829	—	15x	as long as short