Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.042%

Price spread now: Injective against OKX+1.923%7-day average — · you sell dearer than you buy

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

Long on OKX 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—needs both histories

The price spread pays, funding is against you. Injective is 1.923% dearer against OKX than usual: you sell high and buy low (spread +1.923% now, against zero (this spread has no 7-day history yet)): +$192 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EIGEN-USDT-SWAP	0.2392	0.0100	pay 0.0050% / 4h	2h 49m	$1.6M	$5.0M	20x
Short	Injective EIGEN/USDC PERP	0.2438	0.0033	get 0.0004% / 1h	49m 14s	$6	$6	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.923%Rate

Funding earned: −$14
Price spread: +1.923% → 0.000%: $192.31
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $168.29
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	2.09 bp	19.1 bp −$19	doesn't fit	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
Deribit EIGEN_USDC-PERPETUAL	−0.0084%	1h	0.2392	0.000%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0048%	1h	0.2391	−0.042%	$811	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2393	+0.042%	$3K	—	5x	as long as short
Bybit EIGENUSDT	+0.0020%	4h	0.2393	+0.042%	$9.6M	$8.0M	50x	as long as short
Injective EIGEN/USDC PERPshort	+0.0033%	1h	0.2438	+1.923%	$6	$6	5.5x
Nado EIGEN-PERP	+0.0100%	1h	0.2392	+0.021%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2394	+0.086%	$44K	$24K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2392	−0.005%	$8.2M	$20.2M	75x	as long as short
OKX EIGEN-USDT-SWAPlong	+0.0100%	4h	0.2392	long leg	$1.6M	$5.0M	20x
Gate EIGEN_USDT	+0.0100%	4h	0.2392	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	0.2392	0.000%	$8.3M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2393	+0.042%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2388	−0.167%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2392	0.000%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2391	−0.041%	$201K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2392	−0.019%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2390	−0.084%	$36K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2392	0.000%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2391	−0.033%	$90K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0113%	4h	0.2391	−0.042%	$350K	$135K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2393	+0.059%	$42K	$159K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2392	−0.005%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0312%	1h	0.2397	+0.192%	$174K	$67K	20x	as long as short
Reya EIGENRUSDPERP	+0.0511%	1h	0.2392	−0.007%	$835	—	15x	as long as short
Lighter EIGEN	+0.0672%	1h	0.2397	+0.226%	$577K	$392K	5x	as long as short
Hyperliquid EIGEN	+0.0745%	1h	0.2399	+0.293%	$4.8M	$1.5M	5x	as long as short