Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0468%/8h= +51.3% APRpaid last 24h +0.301%

Price spread now: GMX against Aster−0.064%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 GMX

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.064% cheaper against Aster than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EIGENUSDT	0.2417	0.0100	pay 0.0050% / 4h	2h 24m	$44K	$24K	5x
Short	GMX EIGEN/USD [ETH-USDC]	0.2415	L +0.0195% / S −0.0568%	get 0.0071% / 1h	24m 09s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $98.37
Price spread: −0.064% → 0.000%: −$6.42
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $71.95
Costs to cover: 0.200%
Break-even: 1.9 days

Slippage unknown: Aster: no order-book sample; GMX: 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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and GMX: 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
Deribit EIGEN_USDC-PERPETUAL	−0.0164%	1h	0.2415	−0.071%	—	$86	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2415	−0.073%	$3K	—	5x	as long as short
01 Exchange EIGENUSD	0.0000%	1h	0.2414	−0.113%	$819	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.881%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0048%	4h	0.2415	−0.071%	$349K	$137K	75x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2415	−0.051%	$29K	$16K	3x	as long as short
Aster EIGENUSDTlong	+0.0100%	4h	0.2417	long leg	$44K	$24K	5x
Binance EIGENUSDT	+0.0100%	4h	0.2415	−0.073%	$8.3M	$20.1M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2414	−0.113%	$9.6M	$8.0M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2416	−0.030%	$1.6M	$5.1M	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	0.2417	+0.012%	$723K	$672K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2415	−0.071%	$8.5M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2416	−0.030%	$2.4M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2413	−0.154%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2416	−0.030%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2422	+0.215%	$203K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2414	−0.102%	$188K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2414	−0.113%	$36K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2415	−0.071%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2414	−0.092%	$91K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2422	+0.202%	$43K	$161K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]short	L +0.0195% / S −0.0568%	1h	0.2415	−0.064%	$2K	—	100x
Lighter EIGEN	+0.0288%	1h	0.2418	+0.065%	$564K	$413K	5x	as long as short
Kraken Futures PF_EIGENUSD	+0.0309%	1h	0.2419	+0.097%	$174K	$68K	20x	as long as short
Hyperliquid EIGEN	+0.0460%	1h	0.2420	+0.136%	$4.8M	$1.5M	5x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2415	−0.068%	$843	—	15x	as long as short