EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.012%

Price spread now: ApeX Omni against Coinbase International−0.133%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)+0.207%+$21 · spread now −0.133%, 7d avg +0.008%

Together, before fees+0.257%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.141% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International EIGEN-PERP-INTX	0.2402	0.0200	pay 0.0025% / 1h	52m 55s	$42K	$160K	50x
Short	ApeX Omni EIGENUSDT	0.2399	0.0100	get 0.0013% / 1h	52m 55s	$35K	$236K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.133%Rate

Funding earned: −$21
Price spread: −0.133% → +0.008%: −$14.08
Slippage, 4 orders: −$72.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$127.35
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 30 min ago; ApeX Omni: live order book, 28 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 Coinbase International live order book, 30 min ago	0.21 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 28 min ago	8.28 bp	25.1 bp −$25	doesn't fit	doesn't fit	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
Deribit EIGEN_USDC-PERPETUAL	−0.0209%	1h	0.2394	−0.337%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0136%	1h	0.2394	−0.341%	$812	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2398	−0.185%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.490%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2397	−0.212%	$539K	$430K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2397	−0.216%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2397	−0.216%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2395	−0.294%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2392	−0.425%	$8.1M	$20.3M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2394	−0.333%	$9.6M	$8.0M	50x	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	0.2392	−0.425%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2395	−0.300%	$718K	$635K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2391	−0.466%	$8.6M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2396	−0.258%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2394	−0.341%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2394	−0.341%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2394	−0.329%	$199K	$154K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2398	−0.175%	$187K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDTshort	+0.0100%	1h	0.2399	−0.133%	$35K	$236K	50x
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2395	−0.300%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2392	−0.419%	$91K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0126%	4h	0.2393	−0.383%	$346K	$137K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2395	−0.294%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTXlong	+0.0200%	1h	0.2402	long leg	$42K	$160K	50x
Reya EIGENRUSDPERP	+0.0512%	1h	0.2395	−0.300%	$836	—	15x	as long as short
Kraken Futures PF_EIGENUSD	+0.0684%	1h	0.2398	−0.164%	$173K	$68K	20x	as long as short