Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC−0.558%7-day average −0.004% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.531%+$53 · spread now −0.558%, 7d avg −0.004%

Together, before fees+0.531%+ Points / potential airdropVariational Omni: Active · farm board+$53 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: Variational Omni is 0.555% cheaper against MEXC than usual: you would sell low and buy high, −$55 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EIGEN_USDT	0.2394	0.0100	pay 0.0050% / 4h	2h 53m	$8.3M	$2.3M	125x
Short	Variational Omni EIGEN	0.2381	0.0100	get 0.0050% / 4h	2h 53m	$198K	$124K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.558%Rate

Funding earned: $0
Price spread: −0.558% → −0.004%: −$55.49
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$59.49
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 9 min ago; Variational Omni: RFQ quote, 15 min ago. 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, 9 min ago	2.06 bp	4.1 bp −$4	18.4 bp −$184	140.0 bp −$14.0K	doesn't fit
Sell Variational Omni RFQ quote, 15 min ago	12.23 bp	doesn't fit	57.0 bp −$570	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
01 Exchange EIGENUSD	−0.0024%	1h	0.2385	−0.376%	$809	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2392	−0.100%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.838%	$6	$6	5.5x	as long as short
Bybit EIGENUSDT	+0.0056%	4h	0.2397	+0.125%	$9.4M	$7.9M	50x	as long as short
ApeX Omni EIGENUSDT	+0.0056%	1h	0.2398	+0.167%	$35K	$237K	50x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0096%	1h	0.2393	−0.038%	$41K	$219K	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2383	−0.459%	$36K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2391	−0.122%	$44K	$39K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2395	+0.059%	$8.3M	$20.7M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2397	+0.125%	$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	0.2391	−0.125%	$740K	$589K	50x	as long as short
MEXC EIGEN_USDTlong	+0.0100%	4h	0.2394	long leg	$8.3M	$2.3M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2390	−0.167%	$2.3M	$10.4M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2393	−0.042%	$1.9M	$1.5M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2394	0.000%	—	$6.5M	—	as long as short
Variational Omni EIGENshort	+0.0100%	4h	0.2381	−0.558%	$198K	$124K	—
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2383	−0.459%	$188K	$2.2M	10x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2388	−0.251%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2394	−0.019%	$91K	$640K	10x	as long as short
BloFin EIGEN-USDT	+0.0127%	4h	0.2383	−0.459%	$359K	$124K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2385	−0.375%	$2K	—	100x	as long as short
Deribit EIGEN_USDC-PERPETUAL	+0.0252%	1h	0.2390	−0.167%	—	$66	10x	as long as short
Hyperliquid EIGEN	+0.0284%	1h	0.2398	+0.167%	$4.8M	$1.6M	5x	as long as short
Lighter EIGEN	+0.0304%	1h	0.2401	+0.288%	$570K	$473K	5x	as long as short
Reya EIGENRUSDPERP	+0.0515%	1h	0.2381	−0.527%	$831	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0603%	1h	0.2392	−0.076%	$163K	$92K	20x	as long as short