Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.062%

Price spread now: Injective against GRVT+2.190%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 2.190% dearer against GRVT than usual: you sell high and buy low (spread +2.190% now, against zero (this spread has no 7-day history yet)): +$219 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT EIGEN_USDT_Perp	0.2386	0.0100	pay 0.0050% / 4h	1h 54m	$186K	$2.1M	10x
Short	Injective EIGEN/USDC PERP	0.2438	0.0033	get 0.0004% / 1h	54m 29s	$6	$6	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GRVT. 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 GRVTbpFee InjectivebpOrdersPrice spread, now +2.190%Rate

Funding earned: −$14
Price spread: +2.190% → 0.000%: $219.04
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $196.02
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 min ago; Injective: 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 GRVT live order book, 4 min ago	4.20 bp	29.8 bp −$30	134.3 bp −$1,343	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0096%	1h	0.2399	+0.556%	$813	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2400	+0.588%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2400	+0.593%	—	$86	10x	as long as short
Injective EIGEN/USDC PERPshort	+0.0033%	1h	0.2438	+2.190%	$6	$6	5.5x
BloFin EIGEN-USDT	+0.0067%	4h	0.2386	+0.011%	$345K	$137K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2404	+0.765%	$541K	$430K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2402	+0.661%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2403	+0.723%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2400	+0.607%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2399	+0.535%	$8.1M	$20.2M	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	0.2399	+0.535%	$9.6M	$8.0M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2399	+0.556%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2399	+0.556%	$720K	$634K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2399	+0.556%	$8.5M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2400	+0.598%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2398	+0.514%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2399	+0.556%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2394	+0.359%	$199K	$154K	—	as long as short
GRVT EIGEN_USDT_Perplong	+0.0100%	4h	0.2386	long leg	$186K	$2.1M	10x
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2388	+0.095%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2399	+0.556%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2401	+0.635%	$91K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2399	+0.550%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2402	+0.690%	$42K	$160K	50x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2400	+0.589%	$838	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0683%	1h	0.2403	+0.722%	$173K	$68K	20x	as long as short