Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0425%/8h= +46.6% APRpaid last 24h +0.124%

Price spread now: Reya against BingX−0.023%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

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

Funding pays, the price is against you. Reya is 0.023% cheaper against BingX than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX EIGEN-USDT	0.2370	0.0100	pay 0.0050% / 4h	32m 14s	—	$1.6M	—
Short	Reya EIGENRUSDPERP	0.2369	0.0525	get 0.0066% / 1h	32m 14s	$827	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now −0.023%Rate

Funding earned: $89.28
Price spread: −0.023% → 0.000%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $70.99
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: BingX: live order book, 2 min ago; Reya: 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 BingX live order book, 2 min ago	4.22 bp	15.7 bp −$16	26.3 bp −$263	336.5 bp −$33.6K	772.7 bp −$386.4K
Sell Reya no order-book sample	—	—	—	—	—

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 exchanges

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	−1.0520%	1h	0.2323	−1.983%	$786	$5K	10x	as long as short
Bybit EIGENUSDT	−0.0322%	4h	0.2368	−0.076%	$8.8M	$6.4M	50x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0045%	1h	0.2369	−0.055%	—	—	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2369	−0.028%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.869%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0065%	4h	0.2377	+0.295%	$304K	$119K	75x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2372	+0.105%	$24K	$16K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2375	+0.211%	$4.5M	$1.3M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2372	+0.085%	$44K	$25K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2369	−0.044%	$8.0M	$18.6M	75x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2367	−0.127%	$1.6M	$4.3M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2370	0.000%	$708K	$537K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2369	−0.042%	$7.7M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2371	+0.042%	$2.3M	$9.2M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2368	−0.084%	$1.8M	$1.2M	75x	as long as short
BingX EIGEN-USDTlong	+0.0100%	4h	0.2370	long leg	—	$1.6M	—
Variational Omni EIGEN	+0.0100%	4h	0.2375	+0.204%	$215K	$118K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2376	+0.267%	$185K	$3.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2377	+0.295%	$32K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2369	−0.042%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2369	−0.048%	$84K	$659K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2369	−0.029%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0241%	1h	0.2372	+0.094%	$164K	$131K	20x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0456%	1h	0.2375	+0.211%	$39K	$273K	50x	as long as short
Reya EIGENRUSDPERPshort	+0.0525%	1h	0.2369	−0.023%	$827	—	15x
Lighter EIGEN	+0.0600%	1h	0.2377	+0.274%	$570K	$486K	5x	as long as short