Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.037%

Price spread now: Deribit against Binance+0.220%7-day average — · you sell dearer than you buy

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

Long on Binance 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 0.220% dearer against Binance than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EIGENUSDT	0.2410	0.0100	pay 0.0050% / 4h	2h 20m	$8.3M	$20.9M	75x
Short	Deribit EIGEN_USDC-PERPETUAL	0.2415	0	get 0.0000% / 1h	20m 27s	—	$41	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$21
Price spread: +0.220% → 0.000%: $21.99
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$16.01
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Binance: live order book, 6 min ago; 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 Binance live order book, 6 min ago	2.07 bp	15.5 bp −$16	49.6 bp −$496	1300.0 bp −$130.0K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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 25 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	−0.0016%	4h	0.2410	0.000%	$9.4M	$7.8M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2411	+0.056%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALshort	0.0000%	1h	0.2415	+0.220%	—	$41	10x
01 Exchange EIGENUSD	+0.0032%	1h	0.2411	+0.041%	$818	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.162%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2417	+0.303%	$543K	$505K	5x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0096%	1h	0.2418	+0.328%	$41K	$233K	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2409	−0.021%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2415	+0.207%	$4.7M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2412	+0.085%	$45K	$39K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDTlong	+0.0100%	4h	0.2410	long leg	$8.3M	$20.9M	75x
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2409	−0.041%	$1.6M	$5.1M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2409	−0.041%	$745K	$599K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2410	0.000%	$8.3M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2411	+0.041%	$2.4M	$10.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2410	0.000%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2411	+0.041%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2418	+0.313%	$196K	$126K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2419	+0.358%	$188K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2419	+0.373%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2415	+0.207%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2410	+0.006%	$90K	$639K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2419	+0.371%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0516%	1h	0.2411	+0.043%	$842	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0596%	1h	0.2417	+0.300%	$165K	$97K	20x	as long as short