EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0392%/8h= +42.9% APRnext payment +$0.49 per $10,000 · paid last 24h +0.190%

Price spread now: Lighter against Coinbase International+0.111%7-day average +0.201% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.683%+$68 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now +0.111%, 7d avg +0.201%

Together, before fees+0.756%+ Points / potential airdropLighter: Season 3 · farm board+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.090% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.111% now, against its 7-day average of +0.201%). If the spread goes back, that is −$9 on $10k: about 18 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International EIGEN-PERP-INTX	0.2430	0.0160	pay 0.0020% / 1h	29m 24s	$42K	$158K	50x
Short	Lighter EIGEN	0.2433	0.0552	get 0.0069% / 1h	29m 24s	$560K	$443K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.111%Rate

Funding earned: $82.32
Price spread: +0.111% → +0.201%: −$8.96
Slippage, 4 orders: −$63.78
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.42
Costs to cover: 0.738%
Break-even: 7.0 days

Slippage from Coinbase International: live order book, 48 min ago; Lighter: live order book, 41 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, 48 min ago	7.07 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 41 min ago	9.35 bp	11.8 bp −$12	56.9 bp −$569	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	−0.0120%	1h	0.2430	−0.008%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0088%	1h	0.2426	−0.173%	$823	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0016%	1h	0.2433	+0.116%	$175K	$68K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2430	−0.025%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.321%	$6	$6	5.5x	as long as short
Bybit EIGENUSDT	+0.0070%	4h	0.2430	−0.008%	$9.7M	$7.7M	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2429	−0.049%	$32K	$18K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2430	−0.017%	$46K	$30K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2429	−0.049%	$8.3M	$20.0M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2429	−0.049%	$1.6M	$5.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2427	−0.132%	$731K	$640K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2427	−0.132%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2430	−0.008%	$2.3M	$10.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2428	−0.091%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2428	−0.091%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2430	+0.001%	$203K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2431	+0.032%	$189K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2433	+0.115%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2431	+0.033%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2430	−0.010%	$92K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0117%	4h	0.2428	−0.091%	$353K	$134K	75x	as long as short
Coinbase International EIGEN-PERP-INTXlong	+0.0160%	1h	0.2430	long leg	$42K	$158K	50x
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2431	+0.023%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0382%	1h	0.2435	+0.198%	$4.8M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2428	−0.110%	$847	—	15x	as long as short
Lighter EIGENshort	+0.0552%	1h	0.2433	+0.111%	$560K	$443K	5x