Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.036%

Price spread now: Deribit against Orderly+0.050%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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. Deribit is 0.050% dearer against Orderly than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EIGEN_USDC_mythos	0.2391	0.0100	pay 0.0050% / 4h	2h 51m	$2K	$2K	10x
Short	Deribit EIGEN_USDC-PERPETUAL	0.2392	−0.0001	pay 0.0000% / 1h	51m 15s	—	$86	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$21.16
Price spread: +0.050% → 0.000%: $5.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.14
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Deribit: 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Orderly and Deribit: 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	−0.0080%	1h	0.2391	0.000%	$811	$5K	10x	as long as short
Bybit EIGENUSDT	−0.0031%	4h	0.2392	+0.042%	$9.5M	$8.1M	50x	as long as short
Deribit EIGEN_USDC-PERPETUALshort	−0.0001%	1h	0.2392	+0.050%	—	$86	10x
dYdX EIGEN-USD	0.0000%	1h	0.2393	+0.084%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.966%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2391	0.000%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2393	+0.101%	$44K	$24K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2391	0.000%	$8.2M	$20.2M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2392	+0.042%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2391	0.000%	$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	0.2391	0.000%	$8.3M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2393	+0.084%	$2.3M	$10.7M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2389	−0.084%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2389	−0.084%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2399	+0.355%	$201K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2405	+0.569%	$188K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2398	+0.293%	$36K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythoslong	+0.0100%	4h	0.2391	long leg	$2K	$2K	10x
Extended EIGEN-USD	+0.0104%	1h	0.2391	+0.009%	$90K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2393	+0.100%	$42K	$159K	50x	as long as short
BloFin EIGEN-USDT	+0.0153%	4h	0.2393	+0.084%	$350K	$136K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2392	+0.025%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0312%	1h	0.2396	+0.224%	$173K	$67K	20x	as long as short
Reya EIGENRUSDPERP	+0.0511%	1h	0.2392	+0.037%	$835	—	15x	as long as short
Lighter EIGEN	+0.0584%	1h	0.2397	+0.268%	$577K	$392K	5x	as long as short
Hyperliquid EIGEN	+0.0677%	1h	0.2398	+0.293%	$4.8M	$1.5M	5x	as long as short