EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0302%/8h= −33.0% APRnext payment −$0.38 per $10,000 · paid last 24h −0.066%

Price spread now: ApeX Omni against Hyperliquid−0.083%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1031.027% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.083%, 7d avg −0.143%

Together, before fees+0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.060% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.083% now, against its 7-day average of −0.143%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.074% in total) that is about 5.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 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	Hyperliquid EIGEN	0.2418	0.0402	pay 0.0050% / 1h	17m 22s	$4.8M	$1.5M	5x
Short	ApeX Omni EIGENUSDT	0.2416	0.0100	get 0.0013% / 1h	17m 22s	$36K	$235K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.083%Rate

Funding earned: −$63.38
Price spread: −0.083% → −0.143%: $5.99
Slippage, 4 orders: −$83.68
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$160.07
Costs to cover: 1.027%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; ApeX Omni: live order book, 4 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 Hyperliquid live order book, 4 min ago	2.06 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 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	−0.0123%	1h	0.2410	−0.347%	—	$86	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2411	−0.292%	$3K	—	5x	as long as short
01 Exchange EIGENUSD	0.0000%	1h	0.2413	−0.207%	$818	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.827%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2414	−0.145%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2414	−0.184%	$44K	$26K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2413	−0.198%	$8.3M	$20.1M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2413	−0.207%	$9.6M	$8.0M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2412	−0.248%	$1.6M	$5.1M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2414	−0.165%	$722K	$672K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EIGEN_USDT	+0.0100%	4h	0.2413	−0.207%	$8.5M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2414	−0.165%	$2.4M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2413	−0.207%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2411	−0.289%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2416	−0.068%	$203K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2411	−0.289%	$188K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDTshort	+0.0100%	1h	0.2416	−0.083%	$36K	$235K	50x
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2413	−0.207%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2412	−0.267%	$91K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0139%	4h	0.2412	−0.248%	$349K	$137K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2414	−0.157%	$41K	$161K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2413	−0.199%	$2K	—	100x	as long as short
Lighter EIGEN	+0.0200%	1h	0.2414	−0.161%	$563K	$414K	5x	as long as short
Kraken Futures PF_EIGENUSD	+0.0310%	1h	0.2416	−0.100%	$174K	$68K	20x	as long as short
Hyperliquid EIGENlong	+0.0402%	1h	0.2418	long leg	$4.8M	$1.5M	5x
Reya EIGENRUSDPERP	+0.0512%	1h	0.2413	−0.203%	$842	—	15x	as long as short