EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0376%/8h= +41.2% APRnext payment +$0.47 per $10,000 · paid last 24h +0.190%

Price spread now: Lighter against Coinbase International+0.045%7-day average +0.201% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.683%+$68 on $10k

Price spread, last 3 days (all we have)+0.138%+$14 · spread now +0.045%, 7d avg +0.201%

Together, before fees+0.822%+ Points / potential airdropLighter: Season 3 · farm board+$82 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.155% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.201%). If the spread goes back, that is −$16 on $10k: about 33 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International EIGEN-PERP-INTX	0.2423	0.0160	pay 0.0020% / 1h	23m 43s	$42K	$158K	50x
Short	Lighter EIGEN	0.2424	0.0536	get 0.0067% / 1h	23m 43s	$558K	$443K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.045%Rate

Funding earned: $78.96
Price spread: +0.045% → +0.201%: −$15.53
Slippage, 4 orders: −$63.78
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.35
Costs to cover: 0.738%
Break-even: 7.9 days

Slippage from Coinbase International: live order book, 54 min ago; Lighter: live order book, 47 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, 54 min ago	7.07 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 47 min ago	9.35 bp	11.8 bp −$12	56.9 bp −$569	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	−0.0122%	1h	0.2420	−0.116%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0104%	1h	0.2420	−0.128%	$821	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0016%	1h	0.2423	+0.012%	$174K	$69K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2423	−0.017%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.615%	$6	$6	5.5x	as long as short
Bybit EIGENUSDT	+0.0036%	4h	0.2422	−0.058%	$9.7M	$7.7M	50x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2422	−0.025%	$32K	$18K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2423	−0.015%	$46K	$30K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2419	−0.169%	$8.3M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2418	−0.210%	$1.6M	$5.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2420	−0.128%	$732K	$642K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2420	−0.128%	$8.5M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2421	−0.087%	$2.3M	$10.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2421	−0.087%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2419	−0.169%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2429	+0.253%	$202K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2429	+0.250%	$189K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2430	+0.285%	$36K	$237K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2422	−0.045%	$2K	$1K	10x	as long as short
BloFin EIGEN-USDT	+0.0102%	4h	0.2432	+0.367%	$354K	$134K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2419	−0.159%	$92K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTXlong	+0.0160%	1h	0.2423	long leg	$42K	$158K	50x
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2422	−0.060%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0441%	1h	0.2426	+0.120%	$4.8M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2421	−0.095%	$845	—	15x	as long as short
Lighter EIGENshort	+0.0536%	1h	0.2424	+0.045%	$558K	$443K	5x