Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against dYdX−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 dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.066% cheaper against dYdX 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 2.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX EIGEN-USD	0.2384	0	get 0.0000% / 1h	50m 04s	$3K	—	5x
Short	MEXC EIGEN_USDT	0.2382	0.0100	get 0.0050% / 4h	50m 04s	$8.1M	$2.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. 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 dYdXbpFee MEXCbpOrdersPrice spread, now −0.066%Rate

Funding earned: $21
Price spread: −0.066% → 0.000%: −$6.59
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $0.41
Costs to cover: 0.140%
Break-even: 6.9 days

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 3 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 dYdX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	2.10 bp	4.1 bp −$4	16.8 bp −$168	112.1 bp −$11.2K	doesn't fit

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	−0.0070%	4h	0.2377	−0.276%	$9.2M	$7.4M	50x	as long as short
dYdX EIGEN-USDlong	0.0000%	1h	0.2384	long leg	$3K	—	5x
01 Exchange EIGENUSD	0.0000%	1h	0.2382	−0.066%	$808	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2381	−0.091%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.284%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2386	+0.094%	$536K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2381	−0.087%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2385	+0.060%	$4.6M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2383	−0.010%	$44K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2379	−0.192%	$8.2M	$20.3M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2377	−0.276%	$1.6M	$4.8M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2380	−0.150%	$726K	$570K	50x	as long as short
MEXC EIGEN_USDTshort	+0.0100%	4h	0.2382	−0.066%	$8.1M	$2.3M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2384	+0.018%	$2.3M	$10.1M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2380	−0.150%	$1.8M	$1.5M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2379	−0.192%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2381	−0.104%	$193K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2395	+0.459%	$190K	$2.3M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2395	+0.479%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2382	−0.066%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2380	−0.134%	$89K	$637K	10x	as long as short
BloFin EIGEN-USDT	+0.0117%	4h	0.2385	+0.060%	$353K	$116K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2382	−0.045%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0280%	1h	0.2385	+0.056%	$40K	$247K	50x	as long as short
Kraken Futures PF_EIGENUSD	+0.0476%	1h	0.2381	−0.093%	$162K	$104K	20x	as long as short
Reya EIGENRUSDPERP	+0.0517%	1h	0.2382	−0.076%	$831	—	15x	as long as short