Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.010%

Price spread now: Coinbase International against OKX+0.188%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2352.354% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.188%, 7d avg +0.047%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.141% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EIGEN-USDT-SWAP	0.2394	0.0100	pay 0.0050% / 4h	2h 47m	$1.6M	$5.0M	20x
Short	Coinbase International EIGEN-PERP-INTX	0.2399	0.0144	get 0.0018% / 1h	47m 12s	$42K	$159K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.188%Rate

Funding earned: $9.24
Price spread: +0.188% → +0.047%: $14.08
Slippage, 4 orders: −$215.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$212.13
Costs to cover: 2.354%
Break-even: 167.7 days

Slippage from OKX: live order book, 5 min ago; Coinbase International: live order book, 40 min ago.

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 OKX live order book, 5 min ago	2.09 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 40 min ago	9.90 bp	106.7 bp −$107	doesn't fit	doesn't fit	doesn't fit

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	−0.0032%	1h	0.2395	+0.042%	$812	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2395	+0.058%	—	$86	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2397	+0.125%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.838%	$6	$6	5.5x	as long as short
Bybit EIGENUSDT	+0.0052%	4h	0.2395	+0.042%	$9.6M	$8.0M	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2396	+0.084%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2396	+0.104%	$44K	$24K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2395	+0.042%	$8.2M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAPlong	+0.0100%	4h	0.2394	long leg	$1.6M	$5.0M	20x
Gate EIGEN_USDT	+0.0100%	4h	0.2394	0.000%	$716K	$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	0.2394	0.000%	$8.4M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2395	+0.042%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2395	+0.042%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2395	+0.042%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2391	−0.125%	$201K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2392	−0.082%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2390	−0.167%	$36K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2396	+0.084%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2395	+0.029%	$90K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0121%	4h	0.2391	−0.125%	$350K	$135K	75x	as long as short
Coinbase International EIGEN-PERP-INTXshort	+0.0144%	1h	0.2399	+0.188%	$42K	$159K	50x
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2395	+0.053%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0312%	1h	0.2399	+0.216%	$174K	$67K	20x	as long as short
Reya EIGENRUSDPERP	+0.0511%	1h	0.2395	+0.057%	$836	—	15x	as long as short
Lighter EIGEN	+0.0672%	1h	0.2400	+0.259%	$578K	$392K	5x	as long as short
Hyperliquid EIGEN	+0.0787%	1h	0.2401	+0.292%	$4.8M	$1.5M	5x	as long as short