Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.042%

Price spread now: MEXC against Injective−0.205%7-day average — · you buy dearer than you sell

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

Long on Injective Short on MEXC

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—needs both histories

Funding pays, the price is against you. MEXC is 0.205% cheaper against Injective than usual: you would sell low and buy high (spread −0.205% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 10 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective EIGEN/USDC PERP	0.2438	0.0033	pay 0.0004% / 1h	56m 48s	$6	$6	5.5x
Short	MEXC EIGEN_USDT	0.2433	0.0100	get 0.0050% / 4h	56m 48s	$8.8M	$2.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −0.205%Rate

Funding earned: $14
Price spread: −0.205% → 0.000%: −$20.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$10.53
Costs to cover: 0.040%
Break-even: 12.3 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 6 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 6 min ago	2.07 bp	4.1 bp −$4	12.8 bp −$128	109.7 bp −$11.0K	doesn't fit

Injective: 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	−0.0096%	1h	0.2429	−0.369%	$824	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0016%	1h	0.2434	−0.161%	$176K	$68K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2432	−0.260%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2432	−0.234%	—	$86	10x	as long as short
Injective EIGEN/USDC PERPlong	+0.0033%	1h	0.2438	long leg	$6	$6	5.5x
Nado EIGEN-PERP	+0.0100%	1h	0.2430	−0.308%	$30K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2432	−0.245%	$45K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2435	−0.114%	$8.3M	$20.0M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2435	−0.123%	$9.7M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2438	0.000%	$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	0.2431	−0.287%	$731K	$635K	50x	as long as short
MEXC EIGEN_USDTshort	+0.0100%	4h	0.2433	−0.205%	$8.8M	$2.3M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2433	−0.205%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2433	−0.205%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2434	−0.164%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2418	−0.834%	$201K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2418	−0.821%	$186K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2424	−0.574%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2433	−0.205%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2433	−0.186%	$92K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0113%	4h	0.2427	−0.451%	$349K	$135K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0160%	1h	0.2431	−0.275%	$42K	$160K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2433	−0.221%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2431	−0.286%	$849	—	15x	as long as short
Hyperliquid EIGEN	+0.0658%	1h	0.2442	+0.164%	$4.8M	$1.6M	5x	as long as short
Lighter EIGEN	+0.0888%	1h	0.2440	+0.082%	$561K	$443K	5x	as long as short