Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0468%/8h= +51.3% APRpaid last 24h +0.294%

Price spread now: GMX against BingX−0.110%7-day average — · you buy dearer than you sell

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

Long on BingX 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—needs both histories

Funding pays, the price is against you. GMX is 0.110% cheaper against BingX than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 19 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	BingX EIGEN-USDT	0.2406	0.0100	pay 0.0050% / 4h	1h 28m	—	$1.6M	—
Short	GMX EIGEN/USD [ETH-USDC]	0.2403	L +0.0194% / S −0.0568%	get 0.0071% / 1h	28m 40s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.110%Rate

Funding earned: $98.37
Price spread: −0.110% → 0.000%: −$11.01
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $65.36
Costs to cover: 0.220%
Break-even: 2.3 days

Slippage unknown: BingX: live order book, 3 min ago; 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 BingX live order book, 3 min ago	6.25 bp	15.3 bp −$15	28.0 bp −$280	427.5 bp −$42.7K	738.7 bp −$369.3K
Sell GMX no order-book sample	—	—	—	—	—

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
01 Exchange EIGENUSD	−0.0112%	1h	0.2401	−0.208%	$814	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2405	−0.050%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2403	−0.121%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.330%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2409	+0.112%	$541K	$431K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2402	−0.166%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2411	+0.208%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2405	−0.053%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2405	−0.042%	$8.1M	$20.0M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2405	−0.042%	$9.6M	$7.8M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2406	0.000%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2402	−0.166%	$720K	$637K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2405	−0.042%	$8.7M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2405	−0.042%	$2.3M	$10.7M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2405	−0.042%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDTlong	+0.0100%	4h	0.2406	long leg	—	$1.6M	—
Variational Omni EIGEN	+0.0100%	4h	0.2399	−0.283%	$200K	$142K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2399	−0.291%	$191K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2403	−0.125%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2402	−0.166%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2405	−0.044%	$91K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0132%	4h	0.2397	−0.374%	$347K	$138K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]short	L +0.0194% / S −0.0568%	1h	0.2403	−0.110%	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2399	−0.287%	$42K	$158K	50x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2402	−0.157%	$839	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0683%	1h	0.2405	−0.040%	$173K	$68K	20x	as long as short