Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0416%/8h= −45.6% APRpaid last 24h −0.121%

Price spread now: Bitget against Reya+0.023%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Bitget

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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.023% dearer against Reya than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya EIGENRUSDPERP	0.2408	0.0516	pay 0.0065% / 1h	0m 42s	$841	—	15x
Short	Bitget EIGENUSDT	0.2409	0.0100	get 0.0050% / 4h	2h 00m	$1.9M	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Reya. 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 ReyabpFee BitgetbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$87.37
Price spread: +0.023% → 0.000%: $2.3
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$103.08
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 1 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 Reya no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	4.16 bp	21.3 bp −$21	46.2 bp −$462	doesn't fit	doesn't fit

Reya: 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 25 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
dYdX EIGEN-USD	0.0000%	1h	0.2409	+0.003%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2410	+0.085%	—	$41	10x	as long as short
Bybit EIGENUSDT	+0.0013%	4h	0.2410	+0.064%	$9.4M	$7.7M	50x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.227%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0064%	1h	0.2407	−0.060%	$816	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2416	+0.314%	$543K	$505K	5x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0096%	1h	0.2410	+0.069%	$40K	$235K	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2408	−0.019%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2410	+0.052%	$45K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2410	+0.056%	$8.3M	$20.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2409	+0.023%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2408	−0.019%	$738K	$605K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2409	+0.023%	$8.2M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2410	+0.064%	$2.4M	$10.4M	50x	as long as short
Bitget EIGENUSDTshort	+0.0100%	4h	0.2409	+0.023%	$1.9M	$1.5M	75x
BingX EIGEN-USDT	+0.0100%	4h	0.2410	+0.064%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2407	−0.057%	$195K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2409	+0.012%	$191K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2410	+0.064%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2408	−0.019%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2409	+0.036%	$89K	$639K	10x	as long as short
Hyperliquid EIGEN	+0.0128%	1h	0.2415	+0.272%	$4.7M	$1.7M	5x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2408	−0.016%	$2K	—	100x	as long as short
Reya EIGENRUSDPERPlong	+0.0516%	1h	0.2408	long leg	$841	—	15x
Kraken Futures PF_EIGENUSD	+0.0598%	1h	0.2412	+0.134%	$165K	$98K	20x	as long as short