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 +0.030%

Price spread now: OKX against dYdX−0.109%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 OKX

What this pair did over the last

the charts below follow

Funding, last 6 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. OKX is 0.109% cheaper against dYdX than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 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	dYdX EIGEN-USD	0.2380	0	get 0.0000% / 1h	29m 21s	$3K	—	5x
Short	OKX EIGEN-USDT-SWAP	0.2377	0.0100	get 0.0050% / 4h	2h 29m	$1.6M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.109%Rate

Funding earned: $21
Price spread: −0.109% → 0.000%: −$10.91
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.91
Costs to cover: 0.200%
Break-even: 10.3 days

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	2.10 bp	19.9 bp −$20	157.5 bp −$1,575	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
Bybit EIGENUSDT	−0.0442%	4h	0.2380	+0.017%	$9.2M	$7.1M	50x	as long as short
01 Exchange EIGENUSD	−0.0048%	1h	0.2382	+0.101%	$808	$5K	10x	as long as short
dYdX EIGEN-USDlong	0.0000%	1h	0.2380	long leg	$3K	—	5x
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2381	+0.042%	—	$41	10x	as long as short
Gate EIGEN_USDT	+0.0030%	4h	0.2380	+0.017%	$714K	$576K	50x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.454%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0083%	4h	0.2378	−0.067%	$348K	$113K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2383	+0.126%	$535K	$507K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2384	+0.206%	$37K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2387	+0.311%	$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	0.2383	+0.134%	$44K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2382	+0.101%	$8.1M	$19.8M	75x	as long as short
OKX EIGEN-USDT-SWAPshort	+0.0100%	4h	0.2377	−0.109%	$1.6M	$4.7M	20x
MEXC EIGEN_USDT	+0.0100%	4h	0.2382	+0.101%	$7.9M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2382	+0.101%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2383	+0.143%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2380	+0.017%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2376	−0.146%	$212K	$134K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2377	−0.109%	$183K	$2.5M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2384	+0.185%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2381	+0.059%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2383	+0.128%	$88K	$726K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2384	+0.165%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0326%	1h	0.2381	+0.059%	$159K	$111K	20x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0360%	1h	0.2384	+0.181%	$42K	$266K	50x	as long as short
Reya EIGENRUSDPERP	+0.0519%	1h	0.2383	+0.157%	$832	—	15x	as long as short