Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%

Price spread now: Deribit against MEXC+0.033%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Deribit is 0.033% dearer against MEXC than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EIGEN_USDT	0.2440	0.0100	pay 0.0050% / 4h	55m 00s	$8.8M	$2.3M	125x
Short	Deribit EIGEN_USDC-PERPETUAL	0.2441	0	get 0.0000% / 1h	55m 00s	—	$86	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$21
Price spread: +0.033% → 0.000%: $3.28
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.72
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 8 min ago; Deribit: no order-book sample. 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 MEXC live order book, 8 min ago	2.07 bp	4.1 bp −$4	14.4 bp −$144	107.0 bp −$10.7K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0064%	1h	0.2440	0.000%	$827	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0016%	1h	0.2440	+0.012%	$176K	$68K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2440	−0.016%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALshort	0.0000%	1h	0.2441	+0.033%	—	$86	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	−0.082%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2440	+0.020%	$30K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2442	+0.100%	$45K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2441	+0.041%	$8.3M	$20.0M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2442	+0.074%	$9.7M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2441	+0.041%	$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	0.2442	+0.082%	$734K	$636K	50x	as long as short
MEXC EIGEN_USDTlong	+0.0100%	4h	0.2440	long leg	$8.8M	$2.3M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2441	+0.041%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2440	0.000%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2441	+0.041%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2434	−0.259%	$202K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2431	−0.369%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2432	−0.328%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2441	+0.041%	$2K	$1K	10x	as long as short
BloFin EIGEN-USDT	+0.0104%	4h	0.2435	−0.205%	$349K	$135K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2441	+0.029%	$92K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0160%	1h	0.2440	−0.004%	$42K	$160K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2440	+0.002%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2440	+0.020%	$852	—	15x	as long as short
Hyperliquid EIGEN	+0.0597%	1h	0.2447	+0.287%	$4.8M	$1.6M	5x	as long as short
Lighter EIGEN	+0.0968%	1h	0.2445	+0.201%	$563K	$443K	5x	as long as short