Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0423%/8h= +46.3% APRpaid last 24h +0.123%

Price spread now: Reya against Variational Omni−0.066%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.066% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 13 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	Variational Omni EIGEN	0.2401	0.0100	pay 0.0050% / 4h	3h 02m	$220K	$141K	—
Short	Reya EIGENRUSDPERP	0.2399	0.0523	get 0.0065% / 1h	2m 19s	$837	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.066%Rate

Funding earned: $88.78
Price spread: −0.066% → 0.000%: −$6.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $76.16
Costs to cover: 0.060%
Break-even: 1.0 days

Slippage unknown: Variational Omni: RFQ quote, 32 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 Variational Omni RFQ quote, 32 min ago	8.43 bp	doesn't fit	37.9 bp −$379	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
01 Exchange EIGENUSD	−0.6392%	1h	0.2353	−1.983%	$798	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0078%	1h	0.2405	+0.172%	$160K	$118K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2403	+0.083%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2398	−0.104%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.558%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2404	+0.162%	$540K	$497K	5x	as long as short
Bybit EIGENUSDT	+0.0097%	4h	0.2398	−0.125%	$9.0M	$7.1M	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2399	−0.046%	$36K	$19K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2404	+0.141%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2400	−0.024%	$45K	$27K	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	0.2398	−0.094%	$8.1M	$19.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2399	−0.067%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2401	+0.016%	$712K	$620K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2399	−0.067%	$8.3M	$2.5M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2401	+0.016%	$2.4M	$9.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2396	−0.192%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2399	−0.067%	—	$1.6M	—	as long as short
Variational Omni EIGENlong	+0.0100%	4h	0.2401	long leg	$220K	$141K	—
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2399	−0.067%	$183K	$2.8M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2400	−0.025%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2398	−0.108%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2398	−0.092%	$84K	$695K	10x	as long as short
BloFin EIGEN-USDT	+0.0133%	4h	0.2404	+0.141%	$349K	$111K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2398	−0.100%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0504%	1h	0.2409	+0.329%	$40K	$279K	50x	as long as short
Reya EIGENRUSDPERPshort	+0.0523%	1h	0.2399	−0.066%	$837	—	15x