EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0417%/8h= +45.7% APRnext payment +$0.52 per $10,000 · paid last 24h −0.095%

Price spread now: Reya against Lighter−0.143%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.143% cheaper against Lighter than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 27 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EIGEN	0.2407	0.0096	pay 0.0012% / 1h	10m 04s	$541K	$431K	5x
Short	Reya EIGENRUSDPERP	0.2404	0.0513	get 0.0064% / 1h	10m 04s	$839	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter. 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 LighterbpFee ReyabpOrdersPrice spread, now −0.143%Rate

Funding earned: $87.58
Price spread: −0.143% → 0.000%: −$14.26
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $67.32
Costs to cover: 0.060%
Break-even: 1.6 days

Slippage unknown: Lighter: live order book, 65 min ago; Reya: no order-book sample. Net counts fees only.

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 Lighter live order book, 65 min ago	15.75 bp	21.0 bp −$21	81.1 bp −$811	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0124%	1h	0.2404	−0.137%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0112%	1h	0.2402	−0.208%	$814	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2407	−0.013%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.288%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0064%	4h	0.2406	−0.042%	$348K	$133K	75x	as long as short
Lighter EIGENlong	+0.0096%	1h	0.2407	long leg	$541K	$431K	5x
Nado EIGEN-PERP	+0.0100%	1h	0.2406	−0.042%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2409	+0.083%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2405	−0.090%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2403	−0.153%	$8.2M	$20.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit EIGENUSDT	+0.0100%	4h	0.2403	−0.166%	$9.6M	$7.8M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2404	−0.125%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2403	−0.166%	$719K	$639K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2404	−0.125%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2404	−0.125%	$2.3M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2404	−0.125%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2403	−0.166%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2404	−0.117%	$200K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2404	−0.125%	$185K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2405	−0.083%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2404	−0.125%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2404	−0.125%	$91K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2404	−0.125%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2407	−0.004%	$42K	$158K	50x	as long as short
Reya EIGENRUSDPERPshort	+0.0513%	1h	0.2404	−0.143%	$839	—	15x
Kraken Futures PF_EIGENUSD	+0.0682%	1h	0.2407	+0.011%	$174K	$68K	20x	as long as short