EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.27 per $10,000 · paid last 24h −0.016%

Price spread now: ApeX Omni against Coinbase International+0.176%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$215as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$2192.193% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.176%, 7d avg +0.009%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.167% dearer against Coinbase International than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of +0.009%): +$17 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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	0.2386	0.0312	pay 0.0039% / 1h	23m 01s	$39K	$254K	50x
Short	ApeX Omni EIGENUSDT	0.2390	0.0100	get 0.0013% / 1h	23m 01s	$35K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.176%Rate

Funding earned: −$44.52
Price spread: +0.176% → +0.009%: $16.72
Slippage, 4 orders: −$199.28
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$247.08
Costs to cover: 2.193%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 30 min ago; ApeX Omni: live order book, 28 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, 30 min ago	8.66 bp	68.9 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 28 min ago	12.43 bp	28.0 bp −$28	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
dYdX EIGEN-USD	0.0000%	1h	0.2385	−0.053%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.188%	$6	$6	5.5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	+0.0044%	1h	0.2383	−0.134%	—	$41	10x	as long as short
BloFin EIGEN-USDT	+0.0056%	4h	0.2383	−0.117%	$353K	$115K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2388	+0.105%	$537K	$506K	5x	as long as short
Gate EIGEN_USDT	+0.0098%	4h	0.2379	−0.285%	$717K	$571K	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2384	−0.075%	$37K	$20K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2381	−0.184%	$44K	$37K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2380	−0.231%	$8.2M	$19.8M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2380	−0.243%	$9.3M	$7.1M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2381	−0.201%	$1.6M	$4.8M	20x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2381	−0.201%	$8.0M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2382	−0.159%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2381	−0.201%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2379	−0.285%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2388	+0.074%	$213K	$135K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2387	+0.056%	$188K	$2.4M	10x	as long as short
ApeX Omni EIGENUSDTshort	+0.0100%	1h	0.2390	+0.176%	$35K	$230K	50x
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2383	−0.117%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2383	−0.121%	$88K	$528K	10x	as long as short
Kraken Futures PF_EIGENUSD	+0.0109%	1h	0.2383	−0.105%	$162K	$105K	20x	as long as short
01 Exchange EIGENUSD	+0.0152%	1h	0.2383	−0.117%	$808	$5K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2382	−0.157%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0220%	1h	0.2385	−0.034%	$4.6M	$1.7M	5x	as long as short
Coinbase International EIGEN-PERP-INTXlong	+0.0312%	1h	0.2386	long leg	$39K	$254K	50x
Reya EIGENRUSDPERP	+0.0519%	1h	0.2384	−0.094%	$832	—	15x	as long as short