Settings8H · net · $10k
Funding arb · Price arb /

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0268%/8h= +29.4% APRpaid last 24h +0.066%
Price spread now: Hyperliquid against MEXC+0.249%7-day average +0.162% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$630.632% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.086%+$9 on $10k
Price spread, last 7 days−0.069%−$7 · spread now +0.249%, 7d avg +0.162%
Together, before fees+0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.087% dearer against MEXC than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.162%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EIGEN_USDT0.24060.0100pay 0.0050% / 4h2h 13m$8.5M$2.3M125x
ShortHyperliquid EIGEN0.24120.0368get 0.0046% / 1h13m 46s$4.8M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$56.35
Price spread: +0.249% → +0.162%
$8.74
Slippage, 4 orders
−$50.2
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$1.89
Costs to cover
0.632%
Break-even
6.8 days
Slippage from MEXC: live order book, 4 min ago; Hyperliquid: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago2.07 bp4.1 bp −$415.4 bp −$154115.5 bp −$11.5Kdoesn't fit
Sell Hyperliquid live order book, 8 min ago2.06 bp23.2 bp −$23doesn't fitdoesn't fitdoesn't fit

EIGEN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit EIGEN_USDC-PERPETUAL−0.0248%1h0.2407+0.025%$8610xas long as short
dYdX EIGEN-USD0.0000%1h0.2408+0.076%$3K5xas long as short
01 Exchange EIGENUSD0.0000%1h0.2405−0.042%$816$5K10xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.330%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0080%4h0.2410+0.166%$350K$136K75xas long as short
Nado EIGEN-PERP+0.0100%1h0.2407+0.021%$29K$16K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2407+0.048%$47K$26K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2407+0.042%$8.2M$20.1M75xas long as short
Bybit EIGENUSDT+0.0100%4h0.2405−0.025%$9.6M$8.0M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.24060.000%$1.6M$5.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EIGEN_USDT+0.0100%4h0.2405−0.042%$719K$672K50xas long as short
MEXC EIGEN_USDTlong+0.0100%4h0.2406long leg$8.5M$2.3M125x
KuCoin EIGENUSDTM+0.0100%4h0.2407+0.042%$2.3M$10.8M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2405−0.042%$1.9M$1.3M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2407+0.042%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2408+0.079%$203K$152Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2412+0.255%$188K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2412+0.249%$36K$235K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.24060.000%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2407+0.035%$91K$496K10xas long as short
Coinbase International EIGEN-PERP-INTX+0.0144%1h0.2415+0.382%$42K$161K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2407+0.045%$2K100xas long as short
Lighter EIGEN+0.0208%1h0.2411+0.195%$562K$415K5xas long as short
Kraken Futures PF_EIGENUSD+0.0311%1h0.2408+0.075%$174K$68K20xas long as short
Hyperliquid EIGENshort+0.0368%1h0.2412+0.249%$4.8M$1.5M5x
Reya EIGENRUSDPERP+0.0512%1h0.2406−0.001%$84015xas long as short