Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h −0.036%

Price spread now: Deribit against Bitget+0.125%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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 0.125% dearer against Bitget than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EIGENUSDT	0.2402	0.0100	pay 0.0050% / 4h	3h 15m	$1.8M	$1.3M	75x
Short	Deribit EIGEN_USDC-PERPETUAL	0.2405	−0.0041	pay 0.0005% / 1h	15m 32s	—	$41	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$29.61
Price spread: +0.125% → 0.000%: $12.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.12
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	4.17 bp	19.8 bp −$20	66.6 bp −$666	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	−0.6448%	1h	0.2354	−1.998%	$798	$5K	10x	as long as short
Bybit EIGENUSDT	−0.0154%	4h	0.2400	−0.100%	$9.0M	$7.3M	50x	as long as short
Kraken Futures PF_EIGENUSD	−0.0078%	1h	0.2406	+0.183%	$160K	$118K	20x	as long as short
Deribit EIGEN_USDC-PERPETUALshort	−0.0041%	1h	0.2405	+0.125%	—	$41	10x
dYdX EIGEN-USD	0.0000%	1h	0.2400	−0.092%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.499%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2409	+0.283%	$541K	$497K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2401	−0.042%	$36K	$19K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2407	+0.208%	$4.5M	$1.8M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2401	−0.023%	$45K	$27K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2400	−0.076%	$8.1M	$20.0M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2400	−0.083%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2402	0.000%	$703K	$612K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2402	0.000%	$8.3M	$2.5M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2403	+0.042%	$2.4M	$9.5M	50x	as long as short
Bitget EIGENUSDTlong	+0.0100%	4h	0.2402	long leg	$1.8M	$1.3M	75x
BingX EIGEN-USDT	+0.0100%	4h	0.2402	0.000%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2403	+0.027%	$220K	$142K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2399	−0.132%	$195K	$2.8M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2399	−0.125%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2404	+0.083%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2402	+0.005%	$86K	$695K	10x	as long as short
BloFin EIGEN-USDT	+0.0117%	4h	0.2396	−0.250%	$346K	$112K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2400	−0.095%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0504%	1h	0.2409	+0.296%	$41K	$282K	50x	as long as short
Reya EIGENRUSDPERP	+0.0523%	1h	0.2399	−0.125%	$837	—	15x	as long as short