Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX−0.039%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 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. Bitget is 0.039% cheaper against dYdX than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX EIGEN-USD	0.2415	0	get 0.0000% / 1h	22m 59s	$3K	—	5x
Short	Bitget EIGENUSDT	0.2414	0.0100	get 0.0050% / 4h	2h 22m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21
Price spread: −0.039% → 0.000%: −$3.94
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.94
Costs to cover: 0.220%
Break-even: 8.6 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 4 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	2.07 bp	21.5 bp −$22	48.1 bp −$481	doesn't fit	doesn't fit

dYdX: 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
Deribit EIGEN_USDC-PERPETUAL	−0.0123%	1h	0.2415	+0.006%	—	$86	10x	as long as short
dYdX EIGEN-USDlong	0.0000%	1h	0.2415	long leg	$3K	—	5x
01 Exchange EIGENUSD	0.0000%	1h	0.2416	+0.043%	$819	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.954%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2415	+0.023%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2416	+0.059%	$44K	$24K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2416	+0.043%	$8.3M	$20.1M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2415	+0.002%	$9.6M	$8.0M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2414	−0.039%	$1.6M	$5.1M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2417	+0.085%	$723K	$672K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EIGEN_USDT	+0.0100%	4h	0.2415	+0.002%	$8.5M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2416	+0.043%	$2.4M	$10.8M	50x	as long as short
Bitget EIGENUSDTshort	+0.0100%	4h	0.2414	−0.039%	$1.9M	$1.4M	75x
BingX EIGEN-USDT	+0.0100%	4h	0.2416	+0.043%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2422	+0.288%	$203K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2414	−0.029%	$188K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2414	−0.039%	$36K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2415	+0.002%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2415	−0.006%	$91K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0115%	4h	0.2416	+0.043%	$349K	$137K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2422	+0.275%	$43K	$161K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2415	+0.003%	$2K	—	100x	as long as short
Lighter EIGEN	+0.0248%	1h	0.2418	+0.143%	$564K	$413K	5x	as long as short
Kraken Futures PF_EIGENUSD	+0.0309%	1h	0.2419	+0.161%	$174K	$68K	20x	as long as short
Hyperliquid EIGEN	+0.0453%	1h	0.2420	+0.209%	$4.8M	$1.5M	5x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2416	+0.040%	$843	—	15x	as long as short