EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1237%/8h= +135.4% APRnext payment +$6.18 per $10,000 · paid last 24h +0.019%

Price spread now: Bitget against Bybit−0.041%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.041%, 7d avg −0.016%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.025% cheaper against Bybit than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.016%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.159% in total) that is about 26 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EIGENUSDT	0.2436	−0.1137	get 0.0568% / 4h	3h 58m	$9.7M	$7.7M	50x
Short	Bitget EIGENUSDT	0.2435	0.0100	get 0.0050% / 4h	3h 58m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.041%Rate

Funding earned: $259.7
Price spread: −0.041% → −0.016%: −$2.46
Slippage, 4 orders: −$54.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: $179.69
Costs to cover: 0.776%
Break-even: 2.2 days

Slippage from Bybit: live order book, 10 min ago; Bitget: live order book, 9 min ago.

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 Bybit live order book, 10 min ago	4.12 bp	18.5 bp −$19	53.9 bp −$539	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	4.13 bp	15.8 bp −$16	48.9 bp −$489	doesn't fit	doesn't fit

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 EIGENUSDTlong	−0.1137%	4h	0.2436	long leg	$9.7M	$7.7M	50x
01 Exchange EIGENUSD	−0.0160%	1h	0.2432	−0.164%	$825	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0097%	1h	0.2437	+0.037%	$176K	$75K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2432	−0.179%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2435	−0.021%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.082%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2433	−0.123%	$32K	$18K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2434	−0.097%	$48K	$34K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2436	0.000%	$8.3M	$20.4M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2435	−0.041%	$1.7M	$5.1M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2434	−0.082%	$736K	$562K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2435	−0.041%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2435	−0.041%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDTshort	+0.0100%	4h	0.2435	−0.041%	$1.9M	$1.4M	75x
BingX EIGEN-USDT	+0.0100%	4h	0.2434	−0.082%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2432	−0.157%	$202K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2435	−0.042%	$189K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2435	−0.041%	$36K	$237K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2435	−0.041%	$579	$3K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2434	−0.072%	$92K	$491K	10x	as long as short
BloFin EIGEN-USDT	+0.0121%	4h	0.2435	−0.041%	$352K	$134K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2434	−0.099%	$55K	$175K	50x	as long as short
Lighter EIGEN	+0.0168%	1h	0.2440	+0.181%	$555K	$449K	5x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2436	−0.014%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0205%	1h	0.2440	+0.164%	$4.8M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2434	−0.102%	$849	—	15x	as long as short