Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Nado−0.093%48s7-day average — · you buy dearer than you sell

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

Long on Nado Short on Binance

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 airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.093% cheaper against Nado than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado EIGEN-PERP	0.2396	0.0100	pay 0.0012% / 1h	10m 40s	$29K	$16K	3x
Short	Binance EIGENUSDT	0.2394	0.0100	get 0.0050% / 4h	2h 10m	$8.2M	$20.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → 0.000%: −$9.33
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.33
Costs to cover: 0.170%
Break-even: 525331638816693.5 days

Slippage unknown: Nado: no order-book sample; Binance: live order book, just now. 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 Nado no order-book sample	—	—	—	—	—
Sell Binance live order book, just now	4.18 bp	16.6 bp −$17	38.9 bp −$389	367.8 bp −$36.8K	doesn't fit

Nado: 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
01 Exchange EIGENUSD	−0.0008%	1h	0.2392	−0.167%	$811	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2394	−0.088%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2394	−0.100%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.753%	$6	$6	5.5x	as long as short
Nado EIGEN-PERPlong	+0.0100%	1h	0.2396	long leg	$29K	$16K	3x
Aster EIGENUSDT	+0.0100%	4h	0.2395	−0.057%	$46K	$26K	5x	as long as short
Binance EIGENUSDTshort	+0.0100%	4h	0.2394	−0.093%	$8.2M	$20.2M	75x
Bybit EIGENUSDT	+0.0100%	4h	0.2393	−0.125%	$9.6M	$8.0M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2393	−0.125%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2392	−0.167%	$716K	$674K	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	0.2394	−0.083%	$8.5M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2394	−0.083%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2393	−0.125%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2394	−0.083%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2408	+0.496%	$203K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2402	+0.250%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2408	+0.501%	$35K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2393	−0.125%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2394	−0.092%	$91K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2397	+0.063%	$42K	$160K	50x	as long as short
BloFin EIGEN-USDT	+0.0158%	4h	0.2394	−0.083%	$349K	$136K	75x	as long as short
Lighter EIGEN	+0.0168%	1h	0.2397	+0.058%	$540K	$434K	5x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2393	−0.124%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0312%	1h	0.2397	+0.053%	$173K	$68K	20x	as long as short
Hyperliquid EIGEN	+0.0315%	1h	0.2398	+0.083%	$4.7M	$1.5M	5x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2392	−0.172%	$835	—	15x	as long as short