Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0412%/8h= −45.2% APRpaid last 24h −0.120%

Price spread now: OKX against Reya+0.044%7-day average — · you sell dearer than you buy

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

Long on Reya Short on OKX

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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. OKX is 0.044% dearer against Reya than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya EIGENRUSDPERP	0.2391	0.0512	pay 0.0064% / 1h	48m 54s	$835	—	15x
Short	OKX EIGEN-USDT-SWAP	0.2392	0.0100	get 0.0050% / 4h	1h 48m	$1.6M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Reya. 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 ReyabpFee OKXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$86.6
Price spread: +0.044% → 0.000%: $4.44
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$98.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; OKX: live order book, 4 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 Reya no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	2.09 bp	16.6 bp −$17	90.8 bp −$908	doesn't fit	doesn't fit

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
01 Exchange EIGENUSD	−0.0120%	1h	0.2390	−0.039%	$810	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0001%	1h	0.2391	+0.007%	—	$86	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2392	+0.035%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.968%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0090%	4h	0.2389	−0.081%	$345K	$137K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2395	+0.157%	$539K	$430K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2391	+0.003%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2396	+0.212%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2391	+0.004%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2391	+0.016%	$8.1M	$20.2M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit EIGENUSDT	+0.0100%	4h	0.2392	+0.044%	$9.6M	$7.9M	50x	as long as short
OKX EIGEN-USDT-SWAPshort	+0.0100%	4h	0.2392	+0.044%	$1.6M	$5.0M	20x
Gate EIGEN_USDT	+0.0100%	4h	0.2390	−0.039%	$716K	$635K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2391	+0.003%	$8.6M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2392	+0.044%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2390	−0.039%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2390	−0.039%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2393	+0.099%	$200K	$154K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2392	+0.030%	$184K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2396	+0.212%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2391	+0.003%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2392	+0.039%	$90K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2390	−0.025%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2402	+0.471%	$42K	$160K	50x	as long as short
Reya EIGENRUSDPERPlong	+0.0512%	1h	0.2391	long leg	$835	—	15x
Kraken Futures PF_EIGENUSD	+0.0686%	1h	0.2394	+0.125%	$173K	$67K	20x	as long as short