Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0095%/8h= −10.3% APRpaid last 24h −0.024%

Price spread now: Binance against GMX+0.039%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Binance

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—needs both histories

The price spread pays, funding is against you. Binance is 0.039% dearer against GMX than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX EIGEN/USD [ETH-USDC]	0.2376	L +0.0195% / S −0.0568%	pay 0.0024% / 1h	5m 07s	$2K	—	100x
Short	Binance EIGENUSDT	0.2377	0.0100	get 0.0050% / 4h	1h 05m	$8.1M	$19.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: −$19.85
Price spread: +0.039% → 0.000%: $3.91
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.93
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	2.10 bp	14.4 bp −$14	34.4 bp −$344	453.0 bp −$45.3K	doesn't fit

GMX: 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
Bybit EIGENUSDT	−0.0134%	4h	0.2376	−0.003%	$9.1M	$7.3M	50x	as long as short
Kraken Futures PF_EIGENUSD	−0.0027%	1h	0.2378	+0.095%	$160K	$115K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2380	+0.145%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2376	+0.014%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.606%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0072%	1h	0.2375	−0.045%	$805	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2382	+0.254%	$535K	$503K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2376	+0.018%	$37K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2382	+0.250%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2378	+0.087%	$44K	$26K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDTshort	+0.0100%	4h	0.2377	+0.039%	$8.1M	$19.9M	75x
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2376	−0.003%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2378	+0.081%	$716K	$579K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2376	−0.003%	$8.1M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2377	+0.039%	$2.4M	$9.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2377	+0.039%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2377	+0.039%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2379	+0.127%	$209K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2376	+0.004%	$180K	$2.6M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2377	+0.039%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2377	+0.039%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2376	+0.015%	$88K	$698K	10x	as long as short
BloFin EIGEN-USDT	+0.0110%	4h	0.2377	+0.039%	$347K	$113K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]long	L +0.0195% / S −0.0568%	1h	0.2376	long leg	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0448%	1h	0.2381	+0.203%	$38K	$268K	50x	as long as short
Reya EIGENRUSDPERP	+0.0521%	1h	0.2377	+0.055%	$830	—	15x	as long as short