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: Bybit against dYdX−0.041%7-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 Bybit

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. Bybit is 0.041% cheaper against dYdX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX EIGEN-USD	0.2394	0	get 0.0000% / 1h	9m 08s	$3K	—	5x
Short	Bybit EIGENUSDT	0.2393	0.0100	get 0.0050% / 4h	2h 09m	$9.6M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.041%Rate

Funding earned: $21
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4.1
Costs to cover: 0.210%
Break-even: 8.4 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 9 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 Bybit live order book, 9 min ago	2.08 bp	25.3 bp −$25	65.4 bp −$654	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
01 Exchange EIGENUSD	−0.0008%	1h	0.2392	−0.079%	$811	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0001%	1h	0.2393	−0.049%	—	$86	10x	as long as short
dYdX EIGEN-USDlong	0.0000%	1h	0.2394	long leg	$3K	—	5x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.843%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2393	−0.037%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2392	−0.081%	$46K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2393	−0.037%	$8.2M	$20.1M	75x	as long as short
Bybit EIGENUSDTshort	+0.0100%	4h	0.2393	−0.041%	$9.6M	$8.0M	50x
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2393	−0.037%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2392	−0.079%	$716K	$674K	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	−0.079%	$8.5M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2393	−0.037%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2393	−0.037%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2392	−0.079%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2393	−0.018%	$201K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2393	−0.037%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2392	−0.079%	$35K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2392	−0.079%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2392	−0.070%	$91K	$496K	10x	as long as short
Lighter EIGEN	+0.0144%	1h	0.2396	+0.076%	$539K	$436K	5x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2397	+0.151%	$42K	$160K	50x	as long as short
BloFin EIGEN-USDT	+0.0155%	4h	0.2392	−0.079%	$350K	$136K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2393	−0.038%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0288%	1h	0.2397	+0.130%	$4.7M	$1.5M	5x	as long as short
Kraken Futures PF_EIGENUSD	+0.0312%	1h	0.2396	+0.072%	$173K	$68K	20x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2392	−0.078%	$835	—	15x	as long as short