EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0658%/8h= +72.1% APRnext payment +$3.29 per $10,000 · paid last 24h +0.046%

Price spread now: MEXC against Bybit+0.042%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.042%, 7d avg +0.019%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and MEXC is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EIGENUSDT	0.2376	−0.0558	get 0.0279% / 4h	3h 35m	$9.0M	$7.4M	50x
Short	MEXC EIGEN_USDT	0.2377	0.0100	get 0.0050% / 4h	3h 35m	$8.1M	$2.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: $138.28
Price spread: +0.042% → +0.019%: $2.28
Slippage, 4 orders: −$34.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: $91.32
Costs to cover: 0.492%
Break-even: 2.4 days

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 2 min ago.

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 Bybit live order book, 2 min ago	2.10 bp	21.3 bp −$21	56.0 bp −$560	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.10 bp	4.1 bp −$4	17.1 bp −$171	134.1 bp −$13.4K	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	−0.6400%	1h	0.2331	−1.894%	$790	$5K	10x	as long as short
Bybit EIGENUSDTlong	−0.0558%	4h	0.2376	long leg	$9.0M	$7.4M	50x
Deribit EIGEN_USDC-PERPETUAL	−0.0087%	1h	0.2376	−0.017%	—	$41	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0079%	1h	0.2377	+0.048%	$159K	$116K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2376	−0.017%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.609%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0046%	4h	0.2378	+0.084%	$349K	$112K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2382	+0.236%	$535K	$495K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2376	0.000%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2381	+0.210%	$4.5M	$1.8M	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	0.2379	+0.126%	$44K	$27K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2375	−0.023%	$8.0M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2375	−0.042%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2377	+0.042%	$706K	$591K	50x	as long as short
MEXC EIGEN_USDTshort	+0.0100%	4h	0.2377	+0.042%	$8.1M	$2.4M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2377	+0.042%	$2.4M	$9.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2374	−0.084%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2377	+0.042%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2376	+0.005%	$218K	$145K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2374	−0.084%	$188K	$2.8M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2373	−0.126%	$35K	$233K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2375	−0.042%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2377	+0.048%	$88K	$691K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2376	+0.012%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0504%	1h	0.2382	+0.236%	$39K	$278K	50x	as long as short
Reya EIGENRUSDPERP	+0.0522%	1h	0.2376	+0.012%	$830	—	15x	as long as short