Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Variational Omni+0.061%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.061% dearer against Variational Omni than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni EIGEN	0.2404	0.0100	pay 0.0050% / 4h	1h 33m	$194K	$124K	—
Short	dYdX EIGEN-USD	0.2405	0	get 0.0000% / 1h	33m 34s	$3K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$21
Price spread: +0.061% → 0.000%: $6.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$24.89
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; dYdX: 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 Variational Omni RFQ quote, 30 min ago	10.37 bp	doesn't fit	51.8 bp −$518	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0113%	4h	0.2410	+0.273%	$9.4M	$7.6M	50x	as long as short
dYdX EIGEN-USDshort	0.0000%	1h	0.2405	+0.061%	$3K	—	5x
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2407	+0.144%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.434%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0056%	1h	0.2412	+0.352%	$818	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2415	+0.485%	$543K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2411	+0.311%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2408	+0.198%	$45K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2411	+0.311%	$8.3M	$20.5M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2411	+0.311%	$1.6M	$5.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2407	+0.144%	$737K	$591K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2410	+0.269%	$8.2M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2407	+0.144%	$2.4M	$10.3M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2409	+0.228%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2409	+0.228%	—	$1.6M	—	as long as short
Variational Omni EIGENlong	+0.0100%	4h	0.2404	long leg	$194K	$124K	—
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2409	+0.219%	$195K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2409	+0.228%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2407	+0.144%	$1K	$4K	10x	as long as short
BloFin EIGEN-USDT	+0.0102%	4h	0.2408	+0.186%	$356K	$119K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2410	+0.287%	$92K	$642K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2406	+0.111%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0208%	1h	0.2404	+0.020%	$41K	$245K	50x	as long as short
Hyperliquid EIGEN	+0.0274%	1h	0.2415	+0.477%	$4.7M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0516%	1h	0.2408	+0.188%	$841	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0573%	1h	0.2409	+0.211%	$166K	$99K	20x	as long as short