Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.016%

Price spread now: BloFin against Injective−1.928%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 BloFin

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. BloFin is 1.928% cheaper against Injective than usual: you would sell low and buy high (spread −1.928% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$193 on $10k: about 2 months of funding at the current rate (+$3 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	45m 41s	$6	$6	5.5x
Short	BloFin EIGEN-USDT	0.2391	0.0121	get 0.0061% / 4h	2h 45m	$350K	$135K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −1.928%Rate

Funding earned: $18.45
Price spread: −1.928% → 0.000%: −$192.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$186.35
Costs to cover: 0.120%
Break-even: 77.7 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 39 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 BloFin live order book, 39 min ago	2.06 bp	16.1 bp −$16	29.9 bp −$299	148.0 bp −$14.8K	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	−0.0024%	1h	0.2393	−1.846%	$811	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2395	−1.764%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2394	−1.825%	—	$86	10x	as long as short
Injective EIGEN/USDC PERPlong	+0.0033%	1h	0.2438	long leg	$6	$6	5.5x
Bybit EIGENUSDT	+0.0056%	4h	0.2396	−1.715%	$9.6M	$8.0M	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2394	−1.805%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2394	−1.793%	$44K	$24K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2395	−1.774%	$8.2M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2395	−1.764%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2391	−1.928%	$715K	$672K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EIGEN_USDT	+0.0100%	4h	0.2398	−1.641%	$8.4M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2394	−1.805%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2394	−1.805%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2396	−1.723%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2391	−1.927%	$201K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2392	−1.885%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2390	−1.969%	$36K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2393	−1.846%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2397	−1.683%	$90K	$496K	10x	as long as short
BloFin EIGEN-USDTshort	+0.0121%	4h	0.2391	−1.928%	$350K	$135K	75x
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2399	−1.620%	$42K	$159K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2393	−1.832%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0312%	1h	0.2399	−1.607%	$174K	$67K	20x	as long as short
Reya EIGENRUSDPERP	+0.0511%	1h	0.2393	−1.830%	$835	—	15x	as long as short
Lighter EIGEN	+0.0696%	1h	0.2399	−1.616%	$577K	$392K	5x	as long as short
Hyperliquid EIGEN	+0.0782%	1h	0.2399	−1.600%	$4.8M	$1.5M	5x	as long as short