Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX−0.062%53s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.062% cheaper against dYdX than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). The two prices were read 53 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	dYdX EIGEN-USD	0.2454	0	get 0.0000% / 1h	7m 46s	$3K	—	5x
Short	Bitget EIGENUSDT	0.2452	0.0100	get 0.0050% / 4h	3h 07m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.062%Rate

Funding earned: $21
Price spread: −0.062% → 0.000%: −$6.15
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7.15
Costs to cover: 0.220%
Break-even: 9.4 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 4 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	4.08 bp	23.0 bp −$23	62.1 bp −$621	doesn't fit	doesn't fit

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
Kraken Futures PF_EIGENUSD	−0.0096%	1h	0.2452	−0.081%	$168K	$82K	20x	as long as short
01 Exchange EIGENUSD	−0.0064%	1h	0.2451	−0.102%	$831	$5K	10x	as long as short
dYdX EIGEN-USDlong	0.0000%	1h	0.2454	long leg	$3K	—	5x
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2452	−0.078%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	−0.632%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0066%	4h	0.2454	+0.020%	$363K	$129K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2460	+0.273%	$560K	$449K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2452	−0.082%	$32K	$18K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2452	−0.042%	$48K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2450	−0.143%	$8.4M	$20.4M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit EIGENUSDT	+0.0100%	4h	0.2450	−0.143%	$9.8M	$7.6M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2449	−0.184%	$1.7M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2451	−0.102%	$757K	$593K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2451	−0.102%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2451	−0.102%	$2.4M	$10.5M	50x	as long as short
Bitget EIGENUSDTshort	+0.0100%	4h	0.2452	−0.062%	$1.9M	$1.4M	75x
BingX EIGEN-USDC	+0.0100%	4h	0.2450	−0.143%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2450	−0.160%	$203K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2454	+0.020%	$194K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2451	−0.102%	$36K	$238K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2451	−0.102%	$582	$3K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2450	−0.161%	$93K	$640K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2453	−0.004%	$44K	$190K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2452	−0.081%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0270%	1h	0.2458	+0.183%	$4.9M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0515%	1h	0.2451	−0.108%	$856	—	15x	as long as short