Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against Orderly+0.167%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.167% dearer against Orderly than usual: you sell high and buy low (spread +0.167% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EIGEN_USDC_mythos	0.2390	0.0100	pay 0.0050% / 4h	1h 07m	$1K	$4K	10x
Short	dYdX EIGEN-USD	0.2394	0	get 0.0000% / 1h	7m 08s	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$21
Price spread: +0.167% → 0.000%: $16.74
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$20.26
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; dYdX: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and 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
Bybit EIGENUSDT	−0.0058%	4h	0.2389	−0.042%	$9.3M	$7.5M	50x	as long as short
dYdX EIGEN-USDshort	0.0000%	1h	0.2394	+0.167%	$3K	—	5x
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2390	−0.017%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.008%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0049%	4h	0.2401	+0.460%	$356K	$117K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2394	+0.163%	$538K	$504K	5x	as long as short
01 Exchange EIGENUSD	+0.0096%	1h	0.2391	+0.042%	$811	$5K	10x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2389	−0.021%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2392	+0.090%	$44K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2390	0.000%	$8.3M	$20.3M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2390	0.000%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2388	−0.084%	$729K	$596K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2389	−0.042%	$8.1M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2390	0.000%	$2.3M	$10.2M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2390	0.000%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2390	0.000%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2400	+0.420%	$194K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2397	+0.287%	$191K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2397	+0.293%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythoslong	+0.0100%	4h	0.2390	long leg	$1K	$4K	10x
Extended EIGEN-USD	+0.0104%	1h	0.2390	−0.015%	$90K	$640K	10x	as long as short
Hyperliquid EIGEN	+0.0131%	1h	0.2395	+0.209%	$4.6M	$1.7M	5x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2390	+0.013%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0208%	1h	0.2395	+0.218%	$40K	$246K	50x	as long as short
Reya EIGENRUSDPERP	+0.0517%	1h	0.2391	+0.021%	$834	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0577%	1h	0.2391	+0.043%	$163K	$104K	20x	as long as short