Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0468%/8h= +51.3% APRpaid last 24h +0.186%

Price spread now: GMX against MEXC−0.125%133s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

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

Funding pays, the price is against you. GMX is 0.125% cheaper against MEXC than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 21 hours of funding at the current rate (+$14 a day). The two prices were read 133 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EIGEN_USDT	0.2375	0.0100	pay 0.0050% / 4h	13m 07s	$7.9M	$2.4M	125x
Short	GMX EIGEN/USD [ETH-USDC]	0.2372	L +0.0195% / S −0.0568%	get 0.0071% / 1h	13m 07s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.125%Rate

Funding earned: $98.37
Price spread: −0.125% → 0.000%: −$12.55
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $69.82
Costs to cover: 0.160%
Break-even: 2.0 days

Slippage unknown: MEXC: live order book, 5 min ago; GMX: 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, 5 min ago	2.11 bp	4.1 bp −$4	12.6 bp −$126	144.1 bp −$14.4K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Bybit EIGENUSDT	−0.0292%	4h	0.2373	−0.084%	$9.0M	$7.4M	50x	as long as short
01 Exchange EIGENUSD	−0.0256%	1h	0.2329	−1.937%	$790	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0103%	1h	0.2376	+0.061%	$159K	$120K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2375	−0.020%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2376	+0.025%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.653%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0043%	4h	0.2374	−0.042%	$345K	$106K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2379	+0.168%	$535K	$500K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2376	+0.042%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2378	+0.126%	$4.5M	$1.7M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EIGENUSDT	+0.0100%	4h	0.2374	−0.037%	$44K	$26K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2374	−0.049%	$8.0M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2373	−0.084%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2374	−0.042%	$704K	$619K	50x	as long as short
MEXC EIGEN_USDTlong	+0.0100%	4h	0.2375	long leg	$7.9M	$2.4M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2374	−0.042%	$2.4M	$9.7M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2373	−0.084%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2374	−0.042%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2374	−0.037%	$208K	$135K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2371	−0.168%	$186K	$2.7M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2371	−0.168%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2375	0.000%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2375	+0.003%	$90K	$690K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]short	L +0.0195% / S −0.0568%	1h	0.2372	−0.125%	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0488%	1h	0.2379	+0.152%	$38K	$277K	50x	as long as short
Reya EIGENRUSDPERP	+0.0522%	1h	0.2376	+0.051%	$829	—	15x	as long as short