Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0190%/8h= +20.9% APRpaid last 24h +0.037%

Price spread now: Orderly against Deribit−0.030%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.030% cheaper against Deribit than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EIGEN_USDC-PERPETUAL	0.2349	−0.0091	get 0.0011% / 1h	50m 08s	—	—	10x
Short	Orderly PERP_EIGEN_USDC_mythos	0.2348	0.0100	get 0.0050% / 4h	50m 08s	$1K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. 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 DeribitbpFee OrderlybpOrdersPrice spread, now −0.030%Rate

Funding earned: $40
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $24.02
Costs to cover: 0.130%
Break-even: 2.8 days

Slippage unknown: Deribit: no order-book sample; Orderly: 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 Deribit no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Deribit and Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange EIGENUSD	−1.2552%	1h	0.2264	−3.606%	$767	$5K	10x	as long as short
Bybit EIGENUSDT	−0.0451%	4h	0.2347	−0.072%	$8.7M	$6.6M	50x	as long as short
Deribit EIGEN_USDC-PERPETUALlong	−0.0091%	1h	0.2349	long leg	—	—	10x
dYdX EIGEN-USD	0.0000%	1h	0.2347	−0.057%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+3.802%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0057%	4h	0.2345	−0.158%	$346K	$117K	75x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2352	+0.141%	$23K	$16K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2352	+0.141%	$4.4M	$1.4M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2346	−0.116%	$44K	$25K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2346	−0.115%	$7.9M	$18.8M	75x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2345	−0.158%	$1.5M	$4.4M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2347	−0.072%	$701K	$533K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2345	−0.158%	$7.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2343	−0.243%	$2.3M	$9.3M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2347	−0.072%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2347	−0.072%	—	$1.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2345	−0.163%	$212K	$118K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2356	+0.311%	$183K	$3.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2358	+0.396%	$32K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythosshort	+0.0100%	4h	0.2348	−0.030%	$1K	$4K	10x
Extended EIGEN-USD	+0.0104%	1h	0.2349	+0.002%	$82K	$679K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2352	+0.146%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0243%	1h	0.2349	+0.022%	$161K	$133K	20x	as long as short
Lighter EIGEN	+0.0360%	1h	0.2354	+0.243%	$564K	$486K	5x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0456%	1h	0.2348	−0.034%	$38K	$269K	50x	as long as short
Reya EIGENRUSDPERP	+0.0525%	1h	0.2351	+0.104%	$821	—	15x	as long as short