Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.042%

Price spread now: BingX against Injective−0.164%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BingX

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—needs both histories

Funding pays, the price is against you. BingX is 0.164% cheaper against Injective than usual: you would sell low and buy high (spread −0.164% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 8.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective EIGEN/USDC PERP	0.2438	0.0033	pay 0.0004% / 1h	42m 54s	$6	$6	5.5x
Short	BingX EIGEN-USDT	0.2434	0.0100	get 0.0050% / 4h	3h 42m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now −0.164%Rate

Funding earned: $14
Price spread: −0.164% → 0.000%: −$16.41
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$12.43
Costs to cover: 0.100%
Break-even: 13.2 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 9 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	6.17 bp	17.0 bp −$17	34.2 bp −$342	171.7 bp −$17.2K	719.6 bp −$359.8K

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
Bybit EIGENUSDT	−0.0152%	4h	0.2437	−0.045%	$9.7M	$7.7M	50x	as long as short
01 Exchange EIGENUSD	−0.0136%	1h	0.2433	−0.205%	$825	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0097%	1h	0.2440	+0.099%	$175K	$74K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2432	−0.262%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2437	−0.033%	—	$86	10x	as long as short
Injective EIGEN/USDC PERPlong	+0.0033%	1h	0.2438	long leg	$6	$6	5.5x
Lighter EIGEN	+0.0096%	1h	0.2442	+0.144%	$556K	$449K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2437	−0.041%	$32K	$18K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2440	+0.082%	$4.8M	$1.6M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2436	−0.088%	$47K	$35K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2435	−0.138%	$8.3M	$20.3M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2435	−0.123%	$1.7M	$5.1M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2433	−0.205%	$734K	$565K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2434	−0.164%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2435	−0.123%	$2.4M	$10.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2433	−0.205%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDTshort	+0.0100%	4h	0.2434	−0.164%	—	$1.6M	—
Variational Omni EIGEN	+0.0100%	4h	0.2430	−0.344%	$202K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2430	−0.328%	$193K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2430	−0.328%	$36K	$237K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2436	−0.082%	$579	$3K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2435	−0.143%	$94K	$627K	10x	as long as short
BloFin EIGEN-USDT	+0.0105%	4h	0.2430	−0.328%	$354K	$134K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2433	−0.209%	$55K	$176K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2437	−0.049%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2436	−0.090%	$850	—	15x	as long as short