EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0368%/8h= −40.3% APRnext payment −$1.84 per $10,000 · paid last 24h −0.027%

Price spread now: Bybit against MEXC−0.253%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 7 days+0.228%+$23 · spread now −0.253%, 7d avg −0.020%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.233% cheaper against MEXC than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EIGEN_USDT	0.2370	0.0100	pay 0.0050% / 4h	2h 41m	$8.1M	$2.3M	125x
Short	Bybit EIGENUSDT	0.2364	−0.0268	pay 0.0134% / 4h	2h 41m	$9.1M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.253%Rate

Funding earned: −$77.27
Price spread: −0.253% → −0.020%: −$23.3
Slippage, 4 orders: −$41.87
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$157.44
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 min ago.

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 MEXC live order book, 2 min ago	2.11 bp	4.1 bp −$4	18.9 bp −$189	143.0 bp −$14.3K	doesn't fit
Sell Bybit live order book, 2 min ago	4.21 bp	24.9 bp −$25	109.9 bp −$1,099	doesn't fit	doesn't fit

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 EIGENUSDTshort	−0.0268%	4h	0.2364	−0.253%	$9.1M	$7.1M	50x
01 Exchange EIGENUSD	−0.0080%	1h	0.2372	+0.084%	$804	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2374	+0.154%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2369	−0.021%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.869%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0066%	4h	0.2371	+0.042%	$352K	$113K	75x	as long as short
Gate EIGEN_USDT	+0.0088%	4h	0.2365	−0.211%	$711K	$571K	50x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2372	+0.093%	$533K	$507K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2372	+0.105%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2372	+0.084%	$4.5M	$1.7M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EIGENUSDT	+0.0100%	4h	0.2370	+0.012%	$44K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2368	−0.083%	$8.1M	$19.7M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2366	−0.169%	$1.6M	$4.7M	20x	as long as short
MEXC EIGEN_USDTlong	+0.0100%	4h	0.2370	long leg	$8.1M	$2.3M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2369	−0.042%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2367	−0.127%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2368	−0.084%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2367	−0.122%	$212K	$135K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2382	+0.498%	$184K	$2.4M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2376	+0.253%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2370	0.000%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2368	−0.063%	$91K	$729K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2369	−0.045%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0327%	1h	0.2370	+0.015%	$158K	$110K	20x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0360%	1h	0.2373	+0.118%	$41K	$263K	50x	as long as short
Reya EIGENRUSDPERP	+0.0519%	1h	0.2370	+0.014%	$827	—	15x	as long as short