Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0422%/8h= +46.2% APRpaid last 24h +0.123%

Price spread now: Reya against OKX−0.189%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.189% cheaper against OKX than usual: you would sell low and buy high (spread −0.189% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 36 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EIGEN-USDT-SWAP	0.2376	0.0100	pay 0.0050% / 4h	17m 07s	$1.6M	$4.7M	20x
Short	Reya EIGENRUSDPERP	0.2372	0.0522	get 0.0065% / 1h	17m 07s	$828	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now −0.189%Rate

Funding earned: $88.53
Price spread: −0.189% → 0.000%: −$18.89
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $53.64
Costs to cover: 0.160%
Break-even: 2.8 days

Slippage unknown: OKX: live order book, 5 min ago; Reya: 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 OKX live order book, 5 min ago	2.12 bp	20.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0296%	4h	0.2376	0.000%	$9.0M	$7.4M	50x	as long as short
Kraken Futures PF_EIGENUSD	−0.0103%	1h	0.2377	+0.061%	$159K	$120K	20x	as long as short
01 Exchange EIGENUSD	−0.0016%	1h	0.2370	−0.253%	$804	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2371	−0.229%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2371	−0.210%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.609%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2376	−0.008%	$534K	$500K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2372	−0.168%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2382	+0.253%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2376	−0.016%	$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	0.2376	−0.002%	$8.0M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAPlong	+0.0100%	4h	0.2376	long leg	$1.6M	$4.7M	20x
Gate EIGEN_USDT	+0.0100%	4h	0.2374	−0.084%	$705K	$614K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2376	0.000%	$7.9M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2374	−0.084%	$2.4M	$9.7M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2373	−0.126%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2374	−0.084%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2360	−0.691%	$207K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2370	−0.253%	$180K	$2.7M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2370	−0.253%	$34K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2370	−0.253%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2372	−0.174%	$90K	$690K	10x	as long as short
BloFin EIGEN-USDT	+0.0114%	4h	0.2372	−0.168%	$347K	$106K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2372	−0.185%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0488%	1h	0.2380	+0.168%	$38K	$276K	50x	as long as short
Reya EIGENRUSDPERPshort	+0.0522%	1h	0.2372	−0.189%	$828	—	15x