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 −0.042%

Price spread now: Bitget against Injective−0.820%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 Bitget

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. Bitget is 0.820% cheaper against Injective than usual: you would sell low and buy high (spread −0.820% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$82 on $10k: about 41 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	1m 25s	$6	$6	5.5x
Short	Bitget EIGENUSDT	0.2418	0.0100	get 0.0050% / 4h	1h 01m	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.820%Rate

Funding earned: $14
Price spread: −0.820% → 0.000%: −$82.03
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$80.05
Costs to cover: 0.120%
Break-even: 47.0 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	2.07 bp	24.7 bp −$25	53.9 bp −$539	doesn't fit	doesn't fit

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	−0.0104%	1h	0.2418	−0.820%	$820	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0039%	1h	0.2417	−0.845%	—	$86	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2417	−0.875%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERPlong	+0.0033%	1h	0.2438	long leg	$6	$6	5.5x
Lighter EIGEN	+0.0096%	1h	0.2423	−0.632%	$556K	$443K	5x	as long as short
BloFin EIGEN-USDT	+0.0100%	4h	0.2413	−1.025%	$348K	$134K	75x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2420	−0.718%	$29K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2426	−0.492%	$4.8M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2419	−0.778%	$45K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2419	−0.783%	$8.2M	$20.0M	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	0.2418	−0.820%	$9.6M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2419	−0.779%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2418	−0.820%	$727K	$645K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2418	−0.820%	$8.7M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2417	−0.861%	$2.3M	$10.6M	50x	as long as short
Bitget EIGENUSDTshort	+0.0100%	4h	0.2418	−0.820%	$1.9M	$1.3M	75x
BingX EIGEN-USDT	+0.0100%	4h	0.2419	−0.779%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2408	−1.223%	$200K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2410	−1.164%	$185K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2415	−0.943%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2420	−0.738%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2418	−0.801%	$91K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2420	−0.748%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2416	−0.919%	$42K	$159K	50x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2419	−0.778%	$844	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0679%	1h	0.2419	−0.776%	$175K	$68K	20x	as long as short