Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.011%

Price spread now: dYdX against Bybit+0.070%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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. dYdX is 0.070% dearer against Bybit than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EIGENUSDT	0.2382	0.0100	pay 0.0050% / 4h	2h 00m	$9.6M	$8.0M	50x
Short	dYdX EIGEN-USD	0.2384	0	get 0.0000% / 1h	0m 16s	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$21
Price spread: +0.070% → 0.000%: $6.96
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$35.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; dYdX: 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 Bybit live order book, 3 min ago	2.10 bp	24.3 bp −$24	60.1 bp −$601	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Deribit EIGEN_USDC-PERPETUAL	−0.0086%	1h	0.2382	+0.004%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0024%	1h	0.2381	−0.050%	$807	$5K	10x	as long as short
dYdX EIGEN-USDshort	0.0000%	1h	0.2384	+0.070%	$3K	—	5x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.342%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0059%	4h	0.2381	−0.050%	$347K	$137K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2387	+0.185%	$537K	$436K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2382	+0.013%	$28K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2383	+0.037%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2381	−0.036%	$8.1M	$20.3M	75x	as long as short
Bybit EIGENUSDTlong	+0.0100%	4h	0.2382	long leg	$9.6M	$8.0M	50x

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	0.2381	−0.050%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2381	−0.050%	$715K	$678K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2382	−0.008%	$8.5M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2383	+0.034%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2380	−0.092%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2381	−0.050%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2382	+0.009%	$198K	$154K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2384	+0.064%	$186K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2383	+0.034%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2382	−0.008%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2382	−0.007%	$90K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2389	+0.281%	$42K	$159K	50x	as long as short
Hyperliquid EIGEN	+0.0176%	1h	0.2386	+0.160%	$4.7M	$1.5M	5x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2382	+0.010%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0314%	1h	0.2386	+0.174%	$172K	$68K	20x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2383	+0.018%	$832	—	15x	as long as short