EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.016%

Price spread now: Extended against Coinbase International−0.116%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1801.801% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.116%, 7d avg −0.063%

Together, before fees+0.098%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.053% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 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	Coinbase International EIGEN-PERP-INTX	0.2378	0.0360	pay 0.0045% / 1h	42m 41s	$41K	$264K	50x
Short	Extended EIGEN-USD	0.2375	0.0104	get 0.0013% / 1h	42m 41s	$91K	$729K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$53.76
Price spread: −0.116% → −0.063%: −$5.3
Slippage, 4 orders: −$165.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$239.19
Costs to cover: 1.801%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	6.91 bp	90.3 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	8.38 bp	28.7 bp −$29	180.6 bp −$1,806	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
Bybit EIGENUSDT	−0.0271%	4h	0.2374	−0.151%	$9.2M	$7.1M	50x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0129%	1h	0.2376	−0.072%	—	$41	10x	as long as short
01 Exchange EIGENUSD	−0.0088%	1h	0.2376	−0.067%	$806	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2378	+0.034%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.540%	$6	$6	5.5x	as long as short
Gate EIGEN_USDT	+0.0066%	4h	0.2376	−0.067%	$714K	$570K	50x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2381	+0.139%	$535K	$507K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2379	+0.038%	$37K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2383	+0.227%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2378	+0.037%	$44K	$37K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2376	−0.071%	$8.2M	$19.6M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2373	−0.193%	$1.6M	$4.7M	20x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2377	−0.025%	$8.2M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2377	−0.025%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2379	+0.059%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2378	+0.017%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2381	+0.147%	$213K	$135K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2382	+0.177%	$184K	$2.4M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2381	+0.143%	$35K	$231K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2377	−0.025%	$1K	$4K	10x	as long as short
Extended EIGEN-USDshort	+0.0104%	1h	0.2375	−0.116%	$91K	$729K	10x
BloFin EIGEN-USDT	+0.0104%	4h	0.2385	+0.311%	$352K	$114K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2375	−0.097%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0326%	1h	0.2378	+0.016%	$159K	$109K	20x	as long as short
Coinbase International EIGEN-PERP-INTXlong	+0.0360%	1h	0.2378	long leg	$41K	$264K	50x
Reya EIGENRUSDPERP	+0.0519%	1h	0.2376	−0.067%	$829	—	15x	as long as short