EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0388%/8h= +42.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.032%

Price spread now: Coinbase International against ApeX Omni−0.063%75s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2342.336% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.063%, 7d avg −0.005%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.058% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.005%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EIGENUSDT	0.2378	0.0100	pay 0.0013% / 1h	54m 19s	$35K	$230K	50x
Short	Coinbase International EIGEN-PERP-INTX	0.2377	0.0488	get 0.0061% / 1h	54m 19s	$40K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now −0.063%Rate

Funding earned: $81.48
Price spread: −0.063% → −0.005%: −$5.78
Slippage, 4 orders: −$213.56
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$157.86
Costs to cover: 2.336%
Break-even: 20.6 days

Slippage from ApeX Omni: live order book, 55 min ago; Coinbase International: live order book, 56 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 ApeX Omni live order book, 55 min ago	12.67 bp	25.7 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 56 min ago	9.68 bp	87.9 bp −$88	doesn't fit	doesn't fit	doesn't fit

EIGEN on 26 exchanges

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
01 Exchange EIGENUSD	−0.6400%	1h	0.2327	−2.145%	$789	$5K	10x	as long as short
Bybit EIGENUSDT	−0.0243%	4h	0.2372	−0.252%	$8.9M	$6.7M	50x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0171%	1h	0.2372	−0.244%	—	$41	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0089%	1h	0.2374	−0.155%	$158K	$121K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2374	−0.152%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.523%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0079%	4h	0.2376	−0.084%	$350K	$115K	75x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2374	−0.189%	$36K	$13K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2378	0.000%	$4.5M	$1.6M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2375	−0.124%	$44K	$26K	5x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2372	−0.252%	$8.1M	$18.8M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2372	−0.252%	$1.6M	$4.4M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2374	−0.168%	$709K	$566K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2372	−0.252%	$8.0M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2374	−0.168%	$2.6M	$9.3M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2371	−0.294%	$1.8M	$1.2M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2373	−0.210%	—	$1.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2375	−0.131%	$216K	$126K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2377	−0.024%	$185K	$2.9M	10x	as long as short
ApeX Omni EIGENUSDTlong	+0.0100%	1h	0.2378	long leg	$35K	$230K	50x
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2372	−0.252%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2372	−0.272%	$83K	$684K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2374	−0.186%	$2K	—	100x	as long as short
Lighter EIGEN	+0.0480%	1h	0.2380	+0.071%	$558K	$502K	5x	as long as short
Coinbase International EIGEN-PERP-INTXshort	+0.0488%	1h	0.2377	−0.063%	$40K	$266K	50x
Reya EIGENRUSDPERP	+0.0524%	1h	0.2372	−0.236%	$828	—	15x	as long as short