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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0868%/8h= +95.0% APRpaid last 24h +0.203%
Price spread now: Lighter against MEXC+0.307%7-day average +0.259% · you sell dearer than you buy
Net, funding: paid 7d − costs+$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$360.363% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.645%+$64 on $10k
Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.307%, 7d avg +0.259%
Together, before fees+0.793%+ Points / potential airdropLighter: Season 3 · farm board+$79 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Lighter is 0.049% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.259%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EIGEN_USDT0.24420.0100pay 0.0050% / 4h53m 47s$8.8M$2.3M125x
ShortLighter EIGEN0.24500.0968get 0.0121% / 1h53m 47s$564K$443K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$182.28
Price spread: +0.307% → +0.259%
$4.85
Slippage, 4 orders
−$32.35
Fee MEXC: 2 bp × 2 orders
−$4
Fee Lighter: 0 bp × 2 orders
$0
Net
$150.79
Costs to cover
0.363%
Break-even
1.2 days
Slippage from MEXC: live order book, 9 min ago; Lighter: live order book, 17 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, 9 min ago2.07 bp4.1 bp −$414.4 bp −$144107.0 bp −$10.7Kdoesn't fit
Sell Lighter live order book, 17 min ago9.35 bp11.8 bp −$1256.9 bp −$569doesn'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
01 Exchange EIGENUSD−0.0064%1h0.2433−0.369%$825$5K10xas long as short
Kraken Futures PF_EIGENUSD−0.0016%1h0.2446+0.177%$177K$68K20xas long as short
dYdX EIGEN-USD0.0000%1h0.2442−0.013%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2444+0.098%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438−0.164%$6$65.5xas long as short
Aster EIGENUSDT+0.0100%4h0.2445+0.113%$45K$29K5xas long as short
Binance EIGENUSDT+0.0100%4h0.24420.000%$8.3M$20.0M75xas long as short
Bybit EIGENUSDT+0.0100%4h0.2442−0.012%$9.7M$7.7M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2443+0.041%$1.6M$5.0M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.24420.000%$734K$636K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EIGEN_USDTlong+0.0100%4h0.2442long leg$8.8M$2.3M125x
KuCoin EIGENUSDTM+0.0100%4h0.2443+0.041%$2.4M$10.6M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2441−0.041%$1.9M$1.3M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2443+0.041%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2434−0.341%$202K$127Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2431−0.450%$187K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2432−0.410%$36K$236K50xas long as short
Nado EIGEN-PERP+0.0100%1h0.2445+0.143%$30K$17K3xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2444+0.082%$2K$1K10xas long as short
BloFin EIGEN-USDT+0.0104%4h0.2435−0.287%$349K$135K75xas long as short
Extended EIGEN-USD+0.0104%1h0.2442−0.012%$92K$496K10xas long as short
Coinbase International EIGEN-PERP-INTX+0.0160%1h0.2440−0.086%$42K$160K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2445+0.139%$2K100xas long as short
Reya EIGENRUSDPERP+0.0513%1h0.2445+0.123%$85415xas long as short
Hyperliquid EIGEN+0.0519%1h0.2450+0.328%$4.8M$1.6M5xas long as short
Lighter EIGENshort+0.0968%1h0.2450+0.307%$564K$443K5x