Settings8H · net · $10k
Funding arb · Price arb /

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0779%/8h= +85.3% APRpaid last 24h +0.170%
Price spread now: Reya against Bybit+0.080%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Reya is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EIGENUSDT0.2362−0.0255get 0.0128% / 4h1h 52m$8.8M$6.7M50x
ShortReya EIGENRUSDPERP0.23640.0524get 0.0065% / 1h52m 03s$82515x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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

Funding earned
$163.59
Price spread: +0.080% → 0.000%
$7.99
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Reya: 3 bp × 2 orders
−$6
Net
$154.58
Costs to cover
0.170%
Break-even
0.4 days
Slippage unknown: Bybit: live order book, 4 min ago; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago4.21 bp23.6 bp −$2463.5 bp −$635doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange EIGENUSD−0.6392%1h0.2319−1.841%$786$5K10xas long as short
Bybit EIGENUSDTlong−0.0255%4h0.2362long leg$8.8M$6.7M50x
Kraken Futures PF_EIGENUSD−0.0089%1h0.2365+0.095%$157K$122K20xas long as short
Deribit EIGEN_USDC-PERPETUAL−0.0088%1h0.2364+0.080%$4110xas long as short
dYdX EIGEN-USD0.0000%1h0.2368+0.247%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+3.196%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0066%4h0.2372+0.402%$351K$114K75xas long as short
Nado EIGEN-PERP+0.0100%1h0.2366+0.148%$36K$13K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2370+0.317%$4.4M$1.6M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2367+0.185%$44K$26K5xas long as short
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance EIGENUSDT+0.0100%4h0.2364+0.071%$8.1M$18.8M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2362−0.021%$1.6M$4.4M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2366+0.148%$707K$567K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2365+0.106%$7.8M$2.4M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2365+0.106%$2.6M$9.3M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2365+0.106%$1.8M$1.2M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2366+0.148%$1.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2375+0.525%$216K$126Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2374+0.487%$184K$2.9M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2375+0.529%$35K$230K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2364+0.063%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2364+0.054%$83K$689K10xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2365+0.086%$2K100xas long as short
Lighter EIGEN+0.0480%1h0.2371+0.377%$557K$502K5xas long as short
Coinbase International EIGEN-PERP-INTX+0.0488%1h0.2366+0.157%$39K$265K50xas long as short
Reya EIGENRUSDPERPshort+0.0524%1h0.2364+0.080%$82515x