Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0411%/8h= −45.0% APRpaid last 24h −0.120%

Price spread now: Bitget against Reya+0.105%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Bitget

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.105% dearer against Reya than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya EIGENRUSDPERP	0.2396	0.0511	pay 0.0064% / 1h	57m 01s	$837	—	15x
Short	Bitget EIGENUSDT	0.2399	0.0100	get 0.0050% / 4h	2h 57m	$1.8M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Reya. 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 ReyabpFee BitgetbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$86.38
Price spread: +0.105% → 0.000%: $10.53
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.84
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	6.24 bp	19.0 bp −$19	46.0 bp −$460	doesn't fit	doesn't fit

Reya: 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
Bybit EIGENUSDT	−0.0168%	4h	0.2398	+0.064%	$9.6M	$8.1M	50x	as long as short
01 Exchange EIGENUSD	−0.0168%	1h	0.2395	−0.062%	$812	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2398	+0.063%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2397	+0.014%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.733%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2397	+0.022%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2398	+0.056%	$44K	$24K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2398	+0.064%	$8.2M	$20.3M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2397	+0.022%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2394	−0.103%	$717K	$671K	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	0.2396	−0.020%	$8.4M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2397	+0.022%	$2.3M	$10.7M	50x	as long as short
Bitget EIGENUSDTshort	+0.0100%	4h	0.2399	+0.105%	$1.8M	$1.4M	75x
BingX EIGEN-USDT	+0.0100%	4h	0.2397	+0.022%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2405	+0.336%	$201K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2402	+0.231%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2403	+0.272%	$36K	$234K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2396	−0.020%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2399	+0.116%	$91K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2399	+0.093%	$42K	$160K	50x	as long as short
BloFin EIGEN-USDT	+0.0149%	4h	0.2397	+0.022%	$352K	$136K	75x	as long as short
Lighter EIGEN	+0.0152%	1h	0.2403	+0.268%	$578K	$392K	5x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2396	−0.028%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0312%	1h	0.2401	+0.169%	$174K	$67K	20x	as long as short
Reya EIGENRUSDPERPlong	+0.0511%	1h	0.2396	long leg	$837	—	15x
Hyperliquid EIGEN	+0.0599%	1h	0.2405	+0.356%	$4.8M	$1.5M	5x	as long as short