Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.015%
Price spread now: Binance against Coinbase International−0.335%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$1961.964% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.335%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.293% cheaper against Coinbase International than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.5% a year). A funding rate is set anew for every payment. 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 | 0.2417 | 0.0312 | pay 0.0039% / 1h | 50m 29s | $39K | $257K | 50x |
| Short | Binance EIGENUSDT | 0.2409 | 0.0100 | get 0.0050% / 4h | 3h 50m | $8.3M | $20.0M | 75x |
Coinbase International EIGEN-PERP-INTX
Binance EIGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.52
- Price spread: −0.335% → −0.043%
- −$29.26
- Slippage, 4 orders
- −$176.42
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$270.2
- Costs to cover
- 1.964%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Binance: live order book, 5 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, 2 min ago | 8.66 bp | 68.9 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.07 bp | 14.7 bp −$15 | 52.2 bp −$522 | 553.6 bp −$55.4K | 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 | 0.2414 | −0.134% | $3K | — | 5x | as long as short |
| Deribit EIGEN_USDC-PERPETUAL | 0.0000% | 1h | 0.2414 | −0.108% | — | $41 | 10x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | +0.877% | $6 | $6 | 5.5x | as long as short |
| 01 Exchange EIGENUSD | +0.0048% | 1h | 0.2403 | −0.571% | $815 | $5K | 10x | as long as short |
| Lighter EIGEN | +0.0096% | 1h | 0.2416 | −0.025% | $543K | $499K | 5x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2409 | −0.323% | $36K | $20K | 3x | as long as short |
| Hyperliquid EIGEN | +0.0100% | 1h | 0.2413 | −0.157% | $4.6M | $1.7M | 5x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2413 | −0.139% | $45K | $37K | 5x | as long as short |
| Binance EIGENUSDTshort | +0.0100% | 4h | 0.2409 | −0.335% | $8.3M | $20.0M | 75x | |
| Bybit EIGENUSDT | +0.0100% | 4h | 0.2409 | −0.323% | $9.4M | $7.2M | 50x | as long as short |
dYdX EIGEN-USD
Deribit EIGEN_USDC-PERPETUAL
Injective EIGEN/USDC PERP
01 Exchange EIGENUSD
Lighter EIGEN
Nado EIGEN-PERP
Hyperliquid EIGEN
Aster EIGENUSDT
Bybit EIGENUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2407 | −0.405% | $1.6M | $4.8M | 20x | as long as short |
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2410 | −0.281% | $732K | $565K | 50x | as long as short |
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2409 | −0.323% | $8.1M | $2.3M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2412 | −0.199% | $2.4M | $10.0M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2409 | −0.323% | $1.9M | $1.4M | 75x | as long as short |
| BingX EIGEN-USDT | +0.0100% | 4h | 0.2410 | −0.281% | — | $1.6M | — | as long as short |
| Variational Omni EIGEN | +0.0100% | 4h | 0.2417 | −0.009% | $216K | $134K | — | as long as short |
| GRVT EIGEN_USDT_Perp | +0.0100% | 4h | 0.2423 | +0.248% | $184K | $2.3M | 10x | as long as short |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2424 | +0.298% | $35K | $230K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2415 | −0.074% | $1K | $4K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2409 | −0.326% | $89K | $637K | 10x | as long as short |
| Kraken Futures PF_EIGENUSD | +0.0107% | 1h | 0.2413 | −0.151% | $165K | $105K | 20x | as long as short |
| BloFin EIGEN-USDT | +0.0146% | 4h | 0.2420 | +0.132% | $355K | $116K | 75x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0195% / S −0.0568% | 1h | 0.2416 | −0.030% | $2K | — | 100x | as long as short |
| Coinbase International EIGEN-PERP-INTXlong | +0.0312% | 1h | 0.2417 | long leg | $39K | $257K | 50x | |
| Reya EIGENRUSDPERP | +0.0518% | 1h | 0.2409 | −0.339% | $841 | — | 15x | as long as short |
OKX EIGEN-USDT-SWAP
Gate EIGEN_USDT
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDT
Variational Omni EIGEN
GRVT EIGEN_USDT_Perp
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
Kraken Futures PF_EIGENUSD
BloFin EIGEN-USDT
GMX EIGEN/USD [ETH-USDC]
Reya EIGENRUSDPERP