Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.013%

Price spread now: Coinbase International against Aster−0.043%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Coinbase International

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.043% cheaper against Aster than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EIGENUSDT	0.2400	0.0100	pay 0.0050% / 4h	1h 39m	$45K	$39K	5x
Short	Coinbase International EIGEN-PERP-INTX	0.2399	0.0208	get 0.0026% / 1h	39m 19s	$40K	$241K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.043%Rate

Funding earned: $22.68
Price spread: −0.043% → 0.000%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $0.42
Costs to cover: 0.180%
Break-even: 6.9 days

Slippage unknown: Aster: no order-book sample; Coinbase International: live order book, 24 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 Aster no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 24 min ago	8.92 bp	97.4 bp −$97	doesn't fit	doesn't fit	doesn't fit

Aster: 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	−0.0122%	4h	0.2394	−0.268%	$9.3M	$7.6M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2399	−0.079%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2395	−0.222%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.565%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0048%	1h	0.2397	−0.143%	$813	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2402	+0.045%	$540K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2397	−0.122%	$36K	$20K	3x	as long as short
Aster EIGENUSDTlong	+0.0100%	4h	0.2400	long leg	$45K	$39K	5x
Binance EIGENUSDT	+0.0100%	4h	0.2395	−0.223%	$8.3M	$20.6M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2395	−0.226%	$1.6M	$4.9M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2396	−0.184%	$734K	$590K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2396	−0.184%	$8.2M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2399	−0.059%	$2.4M	$10.3M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2397	−0.143%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2397	−0.143%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2399	−0.079%	$194K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2406	+0.233%	$182K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2408	+0.316%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2395	−0.226%	$1K	$4K	10x	as long as short
BloFin EIGEN-USDT	+0.0101%	4h	0.2397	−0.143%	$356K	$118K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2396	−0.199%	$91K	$642K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2395	−0.231%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTXshort	+0.0208%	1h	0.2399	−0.043%	$40K	$241K	50x
Hyperliquid EIGEN	+0.0253%	1h	0.2404	+0.149%	$4.7M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0516%	1h	0.2398	−0.120%	$837	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0576%	1h	0.2397	−0.149%	$165K	$99K	20x	as long as short