Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.037%

Price spread now: Variational Omni against 01 Exchange−0.144%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Variational Omni

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

Funding pays, the price is against you. Variational Omni is 0.144% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange EIGENUSD	0.2407	0.0056	pay 0.0007% / 1h	35m 10s	$816	$5K	10x
Short	Variational Omni EIGEN	0.2404	0.0100	get 0.0050% / 4h	1h 35m	$194K	$124K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now −0.144%Rate

Funding earned: $9.24
Price spread: −0.144% → 0.000%: −$14.41
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.17
Costs to cover: 0.070%
Break-even: 16.2 days

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 29 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 29 min ago	10.37 bp	doesn't fit	56.0 bp −$560	doesn't fit	doesn't fit

01 Exchange: 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	−0.0119%	4h	0.2410	+0.125%	$9.4M	$7.6M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2402	−0.208%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.288%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSDlong	+0.0056%	1h	0.2407	long leg	$816	$5K	10x
Lighter EIGEN	+0.0096%	1h	0.2416	+0.370%	$543K	$504K	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2408	+0.036%	$45K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2411	+0.163%	$8.3M	$20.5M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2408	+0.042%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2405	−0.083%	$736K	$591K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2411	+0.166%	$8.2M	$2.3M	125x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin EIGENUSDTM	+0.0100%	4h	0.2407	0.000%	$2.4M	$10.3M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2410	+0.125%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2410	+0.125%	—	$6.5M	—	as long as short
Variational Omni EIGENshort	+0.0100%	4h	0.2404	−0.144%	$194K	$124K	—
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2401	−0.243%	$195K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2401	−0.249%	$35K	$231K	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2408	+0.042%	$36K	$20K	3x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2408	+0.042%	$1K	$4K	10x	as long as short
BloFin EIGEN-USDT	+0.0102%	4h	0.2408	+0.042%	$356K	$119K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2409	+0.100%	$92K	$642K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	+0.0165%	1h	0.2409	+0.104%	—	$41	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2409	+0.074%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0208%	1h	0.2406	−0.058%	$40K	$243K	50x	as long as short
Hyperliquid EIGEN	+0.0275%	1h	0.2416	+0.374%	$4.7M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0516%	1h	0.2410	+0.127%	$841	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0572%	1h	0.2411	+0.159%	$166K	$99K	20x	as long as short