Funding you earn now, next payment 08:00 UTC−0.0465%/8h= −50.9% APRnext payment −$2.32 per $10,000 · paid last 24h −0.027%
Price spread now: Bybit against Gate+0.211%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1261.260% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 7 days−0.195%−$19 · spread now +0.211%, 7d avg −0.060%
=The price spread pays, funding is against you. Bybit is 0.272% dearer against Gate than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of −0.060%): +$27 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.167% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.167% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate EIGEN_USDT | 0.2366 | 0.0072 | pay 0.0036% / 4h | 2h 22m | $711K | $579K | 50x |
| Short | Bybit EIGENUSDT | 0.2371 | −0.0393 | pay 0.0196% / 4h | 2h 22m | $9.1M | $7.2M | 50x |
Gate EIGEN_USDT
Bybit EIGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$97.57
- Price spread: +0.211% → −0.060%
- $27.15
- Slippage, 4 orders
- −$100.03
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$196.45
- Costs to cover
- 1.260%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; Bybit: live order book, 5 min ago.
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 Gate live order book, 24 min ago | 4.20 bp | 44.4 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.11 bp | 29.1 bp −$29 | 63.5 bp −$635 | doesn't fit | doesn't fit |
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 EIGENUSDTshort | −0.0393% | 4h | 0.2371 | +0.211% | $9.1M | $7.2M | 50x | |
| Deribit EIGEN_USDC-PERPETUAL | −0.0088% | 1h | 0.2363 | −0.114% | — | $41 | 10x | as long as short |
| 01 Exchange EIGENUSD | −0.0048% | 1h | 0.2369 | +0.127% | $803 | $5K | 10x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2367 | +0.026% | $3K | — | 5x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | +3.043% | $6 | $6 | 5.5x | as long as short |
| Gate EIGEN_USDTlong | +0.0072% | 4h | 0.2366 | long leg | $711K | $579K | 50x | |
| Lighter EIGEN | +0.0096% | 1h | 0.2369 | +0.131% | $532K | $507K | 5x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2367 | +0.063% | $36K | $20K | 3x | as long as short |
| Hyperliquid EIGEN | +0.0100% | 1h | 0.2371 | +0.211% | $4.5M | $1.7M | 5x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2370 | +0.183% | $44K | $26K | 5x | as long as short |
Deribit EIGEN_USDC-PERPETUAL
01 Exchange EIGENUSD
dYdX EIGEN-USD
Injective EIGEN/USDC PERP
Lighter EIGEN
Nado EIGEN-PERP
Hyperliquid EIGEN
Aster EIGENUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance EIGENUSDT | +0.0100% | 4h | 0.2371 | +0.207% | $8.0M | $19.8M | 75x | as long as short |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2369 | +0.127% | $1.6M | $4.7M | 20x | as long as short |
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2369 | +0.127% | $7.8M | $2.3M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2368 | +0.085% | $2.4M | $9.9M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2367 | +0.042% | $1.8M | $1.4M | 75x | as long as short |
| BingX EIGEN-USDC | +0.0100% | 4h | 0.2367 | +0.042% | — | $6.5M | — | as long as short |
| Variational Omni EIGEN | +0.0100% | 4h | 0.2363 | −0.143% | $211K | $134K | — | as long as short |
| GRVT EIGEN_USDT_Perp | +0.0100% | 4h | 0.2369 | +0.114% | $181K | $2.5M | 10x | as long as short |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2368 | +0.085% | $34K | $231K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2364 | −0.085% | $1K | $4K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2369 | +0.122% | $88K | $726K | 10x | as long as short |
| BloFin EIGEN-USDT | +0.0128% | 4h | 0.2367 | +0.042% | $350K | $113K | 75x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0195% / S −0.0568% | 1h | 0.2363 | −0.144% | $2K | — | 100x | as long as short |
| Kraken Futures PF_EIGENUSD | +0.0328% | 1h | 0.2364 | −0.073% | $158K | $111K | 20x | as long as short |
| Coinbase International EIGEN-PERP-INTX | +0.0360% | 1h | 0.2366 | −0.021% | $41K | $265K | 50x | as long as short |
| Reya EIGENRUSDPERP | +0.0520% | 1h | 0.2365 | −0.061% | $825 | — | 15x | as long as short |
Binance EIGENUSDT
OKX EIGEN-USDT-SWAP
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDC
Variational Omni EIGEN
GRVT EIGEN_USDT_Perp
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
BloFin EIGEN-USDT
GMX EIGEN/USD [ETH-USDC]
Kraken Futures PF_EIGENUSD
Coinbase International EIGEN-PERP-INTX
Reya EIGENRUSDPERP