Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0419%/8h= −45.8% APRpaid last 24h −0.122%

Price spread now: Variational Omni against Reya+0.805%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.805% dearer against Reya than usual: you sell high and buy low (spread +0.805% now, against zero (this spread has no 7-day history yet)): +$81 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya EIGENRUSDPERP	0.2388	0.0519	pay 0.0065% / 1h	26m 35s	$834	—	15x
Short	Variational Omni EIGEN	0.2407	0.0100	get 0.0050% / 4h	3h 26m	$215K	$135K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.805%Rate

Funding earned: −$87.89
Price spread: +0.805% → 0.000%: $80.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.36
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 27 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 Variational Omni RFQ quote, 27 min ago	8.27 bp	doesn't fit	57.9 bp −$579	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 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
dYdX EIGEN-USD	0.0000%	1h	0.2388	+0.006%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2390	+0.078%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.100%	$6	$6	5.5x	as long as short
Gate EIGEN_USDT	+0.0040%	4h	0.2384	−0.161%	$721K	$570K	50x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2393	+0.216%	$539K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2387	−0.036%	$37K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2388	+0.025%	$44K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2388	−0.008%	$8.2M	$19.7M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2387	−0.036%	$9.3M	$7.1M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2386	−0.077%	$1.6M	$4.8M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EIGEN_USDT	+0.0100%	4h	0.2387	−0.036%	$8.0M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2389	+0.048%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2388	+0.006%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2385	−0.119%	—	$6.5M	—	as long as short
Variational Omni EIGENshort	+0.0100%	4h	0.2407	+0.805%	$215K	$135K	—
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2403	+0.624%	$186K	$2.4M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2406	+0.760%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2390	+0.090%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2387	−0.027%	$88K	$642K	10x	as long as short
Kraken Futures PF_EIGENUSD	+0.0108%	1h	0.2390	+0.104%	$163K	$104K	20x	as long as short
BloFin EIGEN-USDT	+0.0125%	4h	0.2402	+0.593%	$355K	$115K	75x	as long as short
01 Exchange EIGENUSD	+0.0144%	1h	0.2387	−0.036%	$809	$5K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2391	+0.117%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0202%	1h	0.2392	+0.174%	$4.6M	$1.7M	5x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0312%	1h	0.2392	+0.157%	$39K	$255K	50x	as long as short
Reya EIGENRUSDPERPlong	+0.0519%	1h	0.2388	long leg	$834	—	15x