Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.012%

Price spread now: Coinbase International against MEXC−0.062%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1921.919% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.062%, 7d avg +0.047%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.109% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EIGEN_USDT	0.2414	0.0100	pay 0.0050% / 4h	2h 29m	$8.3M	$2.3M	125x
Short	Coinbase International EIGEN-PERP-INTX	0.2412	0.0096	get 0.0012% / 1h	29m 48s	$41K	$231K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$0.84
Price spread: −0.062% → +0.047%: −$10.88
Slippage, 4 orders: −$177.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$203.6
Costs to cover: 1.919%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 38 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, 3 min ago	2.08 bp	4.1 bp −$4	18.6 bp −$186	133.5 bp −$13.3K	doesn't fit
Sell Coinbase International live order book, 38 min ago	9.59 bp	91.2 bp −$91	doesn't fit	doesn't fit	doesn't fit

EIGEN on 25 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	−0.0047%	4h	0.2414	−0.008%	$9.4M	$7.9M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2406	−0.331%	$3K	—	5x	as long as short
01 Exchange EIGENUSD	0.0000%	1h	0.2411	−0.124%	$818	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.994%	$6	$6	5.5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	+0.0082%	1h	0.2412	−0.066%	—	$41	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2419	+0.186%	$543K	$505K	5x	as long as short
Coinbase International EIGEN-PERP-INTXshort	+0.0096%	1h	0.2412	−0.062%	$41K	$231K	50x
Nado EIGEN-PERP	+0.0100%	1h	0.2412	−0.104%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2419	+0.207%	$4.7M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2412	−0.063%	$45K	$39K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2415	+0.041%	$8.3M	$20.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2413	−0.041%	$1.6M	$5.1M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2411	−0.124%	$746K	$597K	50x	as long as short
MEXC EIGEN_USDTlong	+0.0100%	4h	0.2414	long leg	$8.3M	$2.3M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2413	−0.041%	$2.4M	$10.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2414	0.000%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2414	0.000%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2404	−0.409%	$195K	$129K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2395	−0.768%	$185K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2395	−0.787%	$35K	$239K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2412	−0.083%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2414	−0.014%	$90K	$639K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2411	−0.130%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0516%	1h	0.2412	−0.090%	$842	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0597%	1h	0.2415	+0.037%	$165K	$96K	20x	as long as short