Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: Variational Omni against Deribit−0.657%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.657% cheaper against Deribit than usual: you would sell low and buy high (spread −0.657% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$66 on $10k: about 22 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EIGEN_USDC-PERPETUAL	0.2394	0	get 0.0000% / 1h	16m 03s	—	$41	10x
Short	Variational Omni EIGEN	0.2378	0.0100	get 0.0050% / 4h	2h 16m	$209K	$138K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.657%Rate

Funding earned: $21
Price spread: −0.657% → 0.000%: −$65.65
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$51.65
Costs to cover: 0.070%
Break-even: 24.2 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 33 min ago. 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 Variational Omni RFQ quote, 33 min ago	8.36 bp	doesn't fit	75.2 bp −$752	doesn't fit	doesn't fit

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
Bybit EIGENUSDT	−0.0340%	4h	0.2394	+0.008%	$9.2M	$7.2M	50x	as long as short
01 Exchange EIGENUSD	−0.0048%	1h	0.2394	+0.008%	$812	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2392	−0.095%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALlong	0.0000%	1h	0.2394	long leg	—	$41	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.846%	$6	$6	5.5x	as long as short
Gate EIGEN_USDT	+0.0068%	4h	0.2391	−0.117%	$719K	$581K	50x	as long as short
BloFin EIGEN-USDT	+0.0088%	4h	0.2393	−0.033%	$303K	$114K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2398	+0.188%	$539K	$508K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2395	+0.071%	$37K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2398	+0.175%	$4.5M	$1.7M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EIGENUSDT	+0.0100%	4h	0.2395	+0.060%	$44K	$26K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2393	−0.018%	$8.1M	$19.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2393	−0.033%	$1.6M	$4.8M	20x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2394	+0.008%	$7.9M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2394	+0.008%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2392	−0.075%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2394	+0.008%	—	$1.6M	—	as long as short
Variational Omni EIGENshort	+0.0100%	4h	0.2378	−0.657%	$209K	$138K	—
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2395	+0.045%	$181K	$2.5M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2395	+0.050%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2395	+0.050%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2394	−0.006%	$89K	$722K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2394	+0.020%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0324%	1h	0.2394	+0.021%	$160K	$112K	20x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0360%	1h	0.2399	+0.226%	$40K	$269K	50x	as long as short
Reya EIGENRUSDPERP	+0.0520%	1h	0.2395	+0.043%	$836	—	15x	as long as short