Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%

Price spread now: Deribit against BingX+0.088%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Deribit

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—needs both histories

The price spread pays, funding is against you. Deribit is 0.088% dearer against BingX than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX EIGEN-USDC	0.2397	0.0100	pay 0.0050% / 4h	1h 30m	—	$6.5M	—
Short	Deribit EIGEN_USDC-PERPETUAL	0.2399	0	get 0.0000% / 1h	30m 59s	—	$86	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21
Price spread: +0.088% → 0.000%: $8.76
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.24
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; Deribit: 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 BingX live order book, 5 min ago	4.16 bp	113.0 bp −$113	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
01 Exchange EIGENUSD	−0.0112%	1h	0.2398	+0.042%	$813	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2402	+0.197%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALshort	0.0000%	1h	0.2399	+0.088%	—	$86	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.710%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0058%	4h	0.2402	+0.209%	$346K	$138K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2401	+0.154%	$539K	$431K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2402	+0.209%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2403	+0.250%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2398	+0.053%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2397	−0.019%	$8.1M	$20.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit EIGENUSDT	+0.0100%	4h	0.2396	−0.025%	$9.6M	$7.8M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2397	0.000%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2399	+0.083%	$719K	$637K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2396	−0.042%	$8.7M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2398	+0.042%	$2.3M	$10.7M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2399	+0.083%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDClong	+0.0100%	4h	0.2397	long leg	—	$6.5M	—
Variational Omni EIGEN	+0.0100%	4h	0.2405	+0.343%	$200K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2404	+0.273%	$191K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2403	+0.250%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2399	+0.083%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2396	−0.035%	$91K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2401	+0.155%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2400	+0.134%	$42K	$159K	50x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2400	+0.122%	$838	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0684%	1h	0.2402	+0.189%	$173K	$68K	20x	as long as short