Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0468%/8h= +51.3% APRpaid last 24h +0.236%

Price spread now: GMX against Bitget−0.033%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.033% cheaper against Bitget than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 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	Bitget EIGENUSDT	0.2407	0.0100	pay 0.0050% / 4h	1h 33m	$1.9M	$1.5M	75x
Short	GMX EIGEN/USD [ETH-USDC]	0.2406	L +0.0195% / S −0.0568%	get 0.0071% / 1h	33m 58s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $98.37
Price spread: −0.033% → 0.000%: −$3.28
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $71.09
Costs to cover: 0.240%
Break-even: 1.9 days

Slippage unknown: Bitget: 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 Bitget live order book, 3 min ago	4.16 bp	31.5 bp −$31	78.2 bp −$782	doesn't fit	doesn't fit
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
Bybit EIGENUSDT	−0.0125%	4h	0.2408	+0.042%	$9.4M	$7.6M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2405	−0.083%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2407	0.000%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.288%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0056%	1h	0.2406	−0.042%	$816	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2413	+0.262%	$542K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2407	0.000%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2408	+0.048%	$45K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2409	+0.083%	$8.3M	$20.5M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2409	+0.083%	$1.6M	$5.0M	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	0.2404	−0.125%	$736K	$591K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2408	+0.042%	$8.2M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2406	−0.042%	$2.4M	$10.3M	50x	as long as short
Bitget EIGENUSDTlong	+0.0100%	4h	0.2407	long leg	$1.9M	$1.5M	75x
BingX EIGEN-USDC	+0.0100%	4h	0.2407	0.000%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2404	−0.144%	$194K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2401	−0.243%	$195K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2401	−0.249%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2407	0.000%	$1K	$4K	10x	as long as short
BloFin EIGEN-USDT	+0.0102%	4h	0.2408	+0.042%	$356K	$119K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2408	+0.049%	$92K	$642K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]short	L +0.0195% / S −0.0568%	1h	0.2406	−0.033%	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0208%	1h	0.2404	−0.125%	$41K	$245K	50x	as long as short
Hyperliquid EIGEN	+0.0276%	1h	0.2414	+0.291%	$4.7M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0516%	1h	0.2408	+0.044%	$841	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0573%	1h	0.2409	+0.066%	$166K	$99K	20x	as long as short