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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.174%
Price spread now: Lighter against MEXC+0.251%7-day average +0.258% · you sell dearer than you buy
Net, funding: paid 7d − costs+$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$350.355% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.648%+$65 on $10k
Price spread, last 4 days (all we have)+0.324%+$32 · spread now +0.251%, 7d avg +0.258%
Together, before fees+0.973%+ Points / potential airdropLighter: Season 3 · farm board+$97 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EIGEN_USDT0.23950.0100pay 0.0050% / 4h17m 15s$8.1M$2.3M125x
ShortLighter EIGEN0.24010.0096get 0.0012% / 1h17m 15s$540K$504K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.251% → +0.258%
−$0.7
Slippage, 4 orders
−$31.47
Fee MEXC: 2 bp × 2 orders
−$4
Fee Lighter: 0 bp × 2 orders
$0
Net
−$37.01
Costs to cover
0.355%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Lighter: live order book, 33 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, 1 min ago2.09 bp4.1 bp −$414.4 bp −$144128.2 bp −$12.8Kdoesn't fit
Sell Lighter live order book, 33 min ago13.00 bp13.1 bp −$1364.5 bp −$645doesn't fitdoesn't fit

EIGEN on 26 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%1h0.2391−0.185%$3K5xas long as short
Bybit EIGENUSDT0.0000%4h0.2394−0.038%$9.3M$7.3M50xas long as short
01 Exchange EIGENUSD+0.0024%1h0.2394−0.042%$812$5K10xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.795%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0074%4h0.2394−0.042%$355K$113K75xas long as short
Lighter EIGENshort+0.0096%1h0.2401+0.251%$540K$504K5x
Nado EIGEN-PERP+0.0100%1h0.2394−0.063%$36K$20K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2401+0.251%$4.6M$1.7M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2391−0.151%$44K$37K5xas long as short
Binance EIGENUSDT+0.0100%4h0.23950.000%$8.3M$20.1M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EIGEN-USDT-SWAP+0.0100%4h0.2394−0.042%$1.6M$4.9M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2390−0.209%$728K$576K50xas long as short
MEXC EIGEN_USDTlong+0.0100%4h0.2395long leg$8.1M$2.3M125x
KuCoin EIGENUSDTM+0.0100%4h0.2393−0.084%$2.4M$10.1M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2394−0.042%$1.9M$1.4M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2394−0.042%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2387−0.332%$208K$134Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2389−0.247%$190K$2.3M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2389−0.251%$35K$230K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.23950.000%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2396+0.027%$88K$639K10xas long as short
Deribit EIGEN_USDC-PERPETUAL+0.0126%1h0.2396+0.033%$4110xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2395+0.003%$2K100xas long as short
Coinbase International EIGEN-PERP-INTX+0.0280%1h0.2397+0.092%$39K$251K50xas long as short
Kraken Futures PF_EIGENUSD+0.0473%1h0.2396+0.044%$163K$105K20xas long as short
Reya EIGENRUSDPERP+0.0518%1h0.2395+0.002%$83615xas long as short