Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0519%/8h= +56.9% APRpaid last 24h +0.192%

Price spread now: GMX against BloFin−0.691%51s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on GMX

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

Funding pays, the price is against you. GMX is 0.691% cheaper against BloFin than usual: you would sell low and buy high (spread −0.691% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$69 on $10k: about 4.4 days of funding at the current rate (+$16 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EIGEN-USDT	0.2401	0.0049	pay 0.0025% / 4h	1h 05m	$356K	$117K	75x
Short	GMX EIGEN/USD [ETH-USDC]	0.2384	L +0.0195% / S −0.0568%	get 0.0071% / 1h	5m 39s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.691%Rate

Funding earned: $109.06
Price spread: −0.691% → 0.000%: −$69.14
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $15.92
Costs to cover: 0.240%
Break-even: 6.0 days

Slippage unknown: BloFin: live order book, 34 min ago; GMX: 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 BloFin live order book, 34 min ago	4.17 bp	21.4 bp −$21	33.9 bp −$339	315.3 bp −$31.5K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0060%	4h	0.2381	−0.833%	$9.3M	$7.5M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2384	−0.728%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2384	−0.721%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.541%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDTlong	+0.0049%	4h	0.2401	long leg	$356K	$117K	75x
Lighter EIGEN	+0.0096%	1h	0.2389	−0.516%	$537K	$504K	5x	as long as short
01 Exchange EIGENUSD	+0.0096%	1h	0.2385	−0.666%	$809	$5K	10x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2385	−0.646%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2384	−0.711%	$44K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2383	−0.768%	$8.2M	$20.3M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2380	−0.875%	$1.6M	$4.8M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2385	−0.666%	$728K	$596K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2382	−0.791%	$8.1M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2383	−0.750%	$2.3M	$10.2M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2382	−0.791%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2383	−0.750%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2383	−0.769%	$193K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2397	−0.172%	$191K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2397	−0.167%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2384	−0.708%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2384	−0.724%	$89K	$640K	10x	as long as short
Hyperliquid EIGEN	+0.0131%	1h	0.2389	−0.500%	$4.6M	$1.7M	5x	as long as short
GMX EIGEN/USD [ETH-USDC]short	L +0.0195% / S −0.0568%	1h	0.2384	−0.691%	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0208%	1h	0.2389	−0.487%	$40K	$246K	50x	as long as short
Reya EIGENRUSDPERP	+0.0517%	1h	0.2384	−0.688%	$832	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0578%	1h	0.2386	−0.606%	$163K	$104K	20x	as long as short