Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.042%

Price spread now: Injective against Gate+2.480%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

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

The price spread pays, funding is against you. Injective is 2.480% dearer against Gate than usual: you sell high and buy low (spread +2.480% now, against zero (this spread has no 7-day history yet)): +$248 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EIGEN_USDT	0.2379	0.0100	pay 0.0050% / 4h	40m 47s	$705K	$599K	50x
Short	Injective EIGEN/USDC PERP	0.2438	0.0033	get 0.0004% / 1h	40m 47s	$6	$6	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +2.480%Rate

Funding earned: −$14
Price spread: +2.480% → 0.000%: $248
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $218.98
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 61 min ago; Injective: 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 Gate live order book, 61 min ago	4.21 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0221%	4h	0.2376	−0.109%	$9.1M	$7.4M	50x	as long as short
Kraken Futures PF_EIGENUSD	−0.0103%	1h	0.2382	+0.143%	$160K	$118K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2380	+0.022%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2381	+0.080%	—	$41	10x	as long as short
01 Exchange EIGENUSD	+0.0032%	1h	0.2380	+0.042%	$807	$5K	10x	as long as short
Injective EIGEN/USDC PERPshort	+0.0033%	1h	0.2438	+2.480%	$6	$6	5.5x
Lighter EIGEN	+0.0096%	1h	0.2382	+0.135%	$535K	$500K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2382	+0.126%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2384	+0.210%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2381	+0.086%	$44K	$26K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2380	+0.023%	$8.0M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2376	−0.126%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDTlong	+0.0100%	4h	0.2379	long leg	$705K	$599K	50x
MEXC EIGEN_USDT	+0.0100%	4h	0.2378	−0.042%	$8.1M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2378	−0.042%	$2.4M	$9.7M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2378	−0.042%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2378	−0.042%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2379	−0.019%	$209K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2374	−0.210%	$190K	$2.7M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2373	−0.252%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2381	+0.084%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2380	+0.027%	$88K	$693K	10x	as long as short
BloFin EIGEN-USDT	+0.0148%	4h	0.2379	0.000%	$346K	$110K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2381	+0.101%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0488%	1h	0.2386	+0.286%	$38K	$274K	50x	as long as short
Reya EIGENRUSDPERP	+0.0521%	1h	0.2381	+0.064%	$831	—	15x	as long as short