Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.025%

Price spread now: MEXC against GMX+0.171%7-day average — · you sell dearer than you buy

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

Long on GMX Short on MEXC

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

The price spread pays, funding is against you. MEXC is 0.171% dearer against GMX than usual: you sell high and buy low (spread +0.171% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX EIGEN/USD [ETH-USDC]	0.2388	L +0.0195% / S −0.0568%	pay 0.0024% / 1h	17m 34s	$2K	—	100x
Short	MEXC EIGEN_USDT	0.2392	0.0100	get 0.0050% / 4h	17m 34s	$8.1M	$2.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. 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 GMXbpFee MEXCbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$19.86
Price spread: +0.171% → 0.000%: $17.09
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$18.77
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	2.09 bp	4.1 bp −$4	20.3 bp −$203	121.9 bp −$12.2K	doesn't fit

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
dYdX EIGEN-USD	0.0000%	1h	0.2391	+0.111%	$3K	—	5x	as long as short
Bybit EIGENUSDT	0.0000%	4h	0.2392	+0.175%	$9.3M	$7.3M	50x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2388	+0.016%	—	$41	10x	as long as short
01 Exchange EIGENUSD	+0.0024%	1h	0.2394	+0.255%	$812	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.097%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2398	+0.414%	$539K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2394	+0.234%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2397	+0.380%	$4.6M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2391	+0.123%	$44K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2394	+0.240%	$8.2M	$20.1M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2393	+0.213%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2390	+0.087%	$728K	$576K	50x	as long as short
MEXC EIGEN_USDTshort	+0.0100%	4h	0.2392	+0.171%	$8.1M	$2.3M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2392	+0.171%	$2.4M	$10.1M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2393	+0.213%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2392	+0.171%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2387	−0.036%	$208K	$134K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2389	+0.049%	$190K	$2.3M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2389	+0.045%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2388	+0.003%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2394	+0.240%	$88K	$639K	10x	as long as short
BloFin EIGEN-USDT	+0.0142%	4h	0.2390	+0.087%	$351K	$113K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]long	L +0.0195% / S −0.0568%	1h	0.2388	long leg	$2K	—	100x
Coinbase International EIGEN-PERP-INTX	+0.0280%	1h	0.2394	+0.234%	$39K	$250K	50x	as long as short
Kraken Futures PF_EIGENUSD	+0.0475%	1h	0.2389	+0.032%	$163K	$105K	20x	as long as short
Reya EIGENRUSDPERP	+0.0518%	1h	0.2395	+0.299%	$836	—	15x	as long as short