Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0419%/8h= +45.8% APRpaid last 24h +0.149%

Price spread now: Reya against Bybit−0.050%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Reya

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

Funding pays, the price is against you. Reya is 0.050% cheaper against Bybit than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 10 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	Bybit EIGENUSDT	0.2394	0.0100	pay 0.0050% / 4h	3h 21m	$9.3M	$7.1M	50x
Short	Reya EIGENRUSDPERP	0.2393	0.0519	get 0.0065% / 1h	21m 23s	$835	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.050%Rate

Funding earned: $87.91
Price spread: −0.050% → 0.000%: −$5
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $65.91
Costs to cover: 0.170%
Break-even: 1.8 days

Slippage unknown: Bybit: 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 Bybit live order book, 2 min ago	4.20 bp	21.8 bp −$22	56.4 bp −$564	doesn't fit	doesn't fit
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 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
dYdX EIGEN-USD	0.0000%	1h	0.2389	−0.209%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.838%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0056%	4h	0.2383	−0.459%	$353K	$115K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2395	+0.042%	$538K	$506K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2390	−0.146%	$37K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2393	−0.057%	$44K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2394	−0.009%	$8.3M	$19.8M	75x	as long as short
Bybit EIGENUSDTlong	+0.0100%	4h	0.2394	long leg	$9.3M	$7.1M	50x
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2393	−0.042%	$1.6M	$4.8M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2391	−0.125%	$721K	$572K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EIGEN_USDT	+0.0100%	4h	0.2392	−0.084%	$8.0M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2391	−0.125%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2393	−0.042%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2392	−0.084%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2388	−0.269%	$213K	$135K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2387	−0.286%	$188K	$2.4M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2384	−0.418%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2395	+0.042%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2394	−0.014%	$88K	$454K	10x	as long as short
Kraken Futures PF_EIGENUSD	+0.0108%	1h	0.2393	−0.031%	$162K	$105K	20x	as long as short
01 Exchange EIGENUSD	+0.0152%	1h	0.2391	−0.125%	$811	$5K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2395	+0.022%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0227%	1h	0.2396	+0.084%	$4.6M	$1.7M	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	+0.0251%	1h	0.2394	+0.004%	—	$41	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0312%	1h	0.2393	−0.046%	$41K	$260K	50x	as long as short
Reya EIGENRUSDPERPshort	+0.0519%	1h	0.2393	−0.050%	$835	—	15x