In this paper, we consider eigenvalues to the following double phase problem with unbalanced growth and indefinite weight,
where , , , , and is an indefinite sign weight which may admit non‐trivial positive and negative parts. Here, is the ‐Laplacian operator and is the weighted ‐Laplace operator defined by . The problem can be degenerate, in the sense that the infimum of in may be zero. Our main results distinguish between the cases and . In the first case, we establish the existence of a continuous family of eigenvalues, starting from the principal frequency of a suitable single phase eigenvalue problem. In the latter case, we prove the existence of a discrete family of positive eigenvalues, which diverges to infinity.