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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.012%
Price spread now: Coinbase International against MEXC+0.212%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1961.965% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.037%−$4 on $10k
Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.212%, 7d avg +0.047%
Together, before fees−0.225%−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.165% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EIGEN_USDT0.24050.0100pay 0.0050% / 4h1h 58m$8.2M$2.3M125x
ShortCoinbase International EIGEN-PERP-INTX0.24100.0208get 0.0026% / 1h58m 31s$40K$235K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$22.68
Price spread: +0.212% → +0.047%
$16.54
Slippage, 4 orders
−$182.48
Fee MEXC: 2 bp × 2 orders
−$4
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$157.25
Costs to cover
1.965%
Break-even
55.5 days
Slippage from MEXC: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago2.07 bp4.1 bp −$413.7 bp −$137135.1 bp −$13.5Kdoesn't fit
Sell Coinbase International live order book, 4 min ago8.92 bp97.4 bp −$97doesn't fitdoesn't fitdoesn't fit

EIGEN on 25 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
dYdX EIGEN-USD0.0000%1h0.2407+0.066%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2408+0.108%$4110xas long as short
Bybit EIGENUSDT+0.0020%4h0.2402−0.112%$9.4M$7.6M50xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.372%$6$65.5xas long as short
Lighter EIGEN+0.0096%1h0.2411+0.249%$542K$504K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2409+0.166%$36K$20K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2412+0.291%$4.7M$1.7M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2407+0.098%$45K$39K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2405+0.017%$8.3M$20.7M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2403−0.083%$1.6M$5.0M20xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EIGEN_USDT+0.0100%4h0.2404−0.042%$736K$586K50xas long as short
MEXC EIGEN_USDTlong+0.0100%4h0.2405long leg$8.2M$2.3M125x
KuCoin EIGENUSDTM+0.0100%4h0.24050.000%$2.4M$10.4M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.24050.000%$1.9M$1.5M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.24050.000%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2407+0.086%$195K$124Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2409+0.155%$191K$2.2M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2407+0.083%$35K$231K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2408+0.125%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2405−0.018%$89K$639K10xas long as short
01 Exchange EIGENUSD+0.0128%1h0.2399−0.249%$813$5K10xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2407+0.075%$2K100xas long as short
Coinbase International EIGEN-PERP-INTXshort+0.0208%1h0.2410+0.212%$40K$235K50x
Reya EIGENRUSDPERP+0.0516%1h0.2407+0.090%$84015xas long as short
Kraken Futures PF_EIGENUSD+0.0573%1h0.2409+0.151%$165K$98K20xas long as short