Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0163%/8h= −17.8% APRpaid last 24h −0.027%

Price spread now: Bybit against Nado+0.059%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Bybit

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 airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bybit is 0.059% dearer against Nado than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado EIGEN-PERP	0.2389	0.0100	pay 0.0012% / 1h	24m 26s	$36K	$20K	3x
Short	Bybit EIGENUSDT	0.2391	−0.0063	pay 0.0031% / 4h	24m 26s	$9.3M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$34.15
Price spread: +0.059% → 0.000%: $5.86
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Bybit: 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 Nado no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	4.18 bp	28.7 bp −$29	59.0 bp −$590	doesn't fit	doesn't fit

Nado: 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 EIGENUSDTshort	−0.0063%	4h	0.2391	+0.059%	$9.3M	$7.3M	50x
dYdX EIGEN-USD	0.0000%	1h	0.2392	+0.086%	$3K	—	5x	as long as short
01 Exchange EIGENUSD	0.0000%	1h	0.2391	+0.063%	$811	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2394	+0.193%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.030%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0093%	4h	0.2392	+0.105%	$351K	$113K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2396	+0.289%	$539K	$504K	5x	as long as short
Nado EIGEN-PERPlong	+0.0100%	1h	0.2389	long leg	$36K	$20K	3x
Hyperliquid EIGEN	+0.0100%	1h	0.2395	+0.230%	$4.6M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2390	+0.033%	$44K	$37K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2390	+0.035%	$8.2M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2390	+0.021%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2389	−0.021%	$728K	$576K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2391	+0.063%	$8.1M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2391	+0.063%	$2.4M	$10.1M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2389	−0.021%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2389	−0.021%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2388	−0.060%	$209K	$134K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2388	−0.076%	$182K	$2.3M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2388	−0.063%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2391	+0.063%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2391	+0.047%	$88K	$639K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2390	+0.004%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0280%	1h	0.2396	+0.276%	$39K	$250K	50x	as long as short
Kraken Futures PF_EIGENUSD	+0.0473%	1h	0.2395	+0.240%	$163K	$104K	20x	as long as short
Reya EIGENRUSDPERP	+0.0518%	1h	0.2392	+0.085%	$835	—	15x	as long as short