Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.042%

Price spread now: Binance against Injective−2.327%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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. Binance is 2.327% cheaper against Injective than usual: you would sell low and buy high (spread −2.327% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$233 on $10k: about 4 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective EIGEN/USDC PERP	0.2438	0.0033	pay 0.0004% / 1h	49m 03s	$6	$6	5.5x
Short	Binance EIGENUSDT	0.2381	0.0100	get 0.0050% / 4h	3h 49m	$8.0M	$20.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −2.327%Rate

Funding earned: $14
Price spread: −2.327% → 0.000%: −$232.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$228.72
Costs to cover: 0.100%
Break-even: 121.4 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 7 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	2.11 bp	14.3 bp −$14	40.7 bp −$407	537.1 bp −$53.7K	doesn't fit

Injective: 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	−0.6328%	1h	0.2336	−4.184%	$792	$5K	10x	as long as short
Bybit EIGENUSDT	−0.0105%	4h	0.2381	−2.338%	$9.0M	$7.4M	50x	as long as short
Kraken Futures PF_EIGENUSD	−0.0078%	1h	0.2383	−2.251%	$159K	$116K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2381	−2.355%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2382	−2.301%	—	$41	10x	as long as short
Injective EIGEN/USDC PERPlong	+0.0033%	1h	0.2438	long leg	$6	$6	5.5x
Lighter EIGEN	+0.0096%	1h	0.2386	−2.145%	$536K	$495K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2382	−2.276%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2385	−2.174%	$4.5M	$1.8M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2381	−2.318%	$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	0.2381	−2.327%	$8.0M	$20.1M	75x
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2380	−2.379%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2379	−2.420%	$707K	$591K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2379	−2.420%	$8.0M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2380	−2.379%	$2.4M	$9.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2379	−2.420%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2379	−2.420%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2380	−2.375%	$218K	$145K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2375	−2.604%	$184K	$2.8M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2373	−2.666%	$35K	$233K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2381	−2.338%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2381	−2.334%	$87K	$691K	10x	as long as short
BloFin EIGEN-USDT	+0.0113%	4h	0.2382	−2.297%	$348K	$112K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2381	−2.322%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0504%	1h	0.2387	−2.112%	$39K	$278K	50x	as long as short
Reya EIGENRUSDPERP	+0.0522%	1h	0.2382	−2.298%	$831	—	15x	as long as short