Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.015%
Price spread now: OKX against Coinbase International−0.285%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2052.052% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.285%, 7d avg −0.053%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.232% cheaper against Coinbase International than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.053%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% 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 | 0.2386 | 0.0312 | pay 0.0039% / 1h | 22m 45s | $39K | $254K | 50x |
| Short | OKX EIGEN-USDT-SWAP | 0.2379 | 0.0100 | get 0.0050% / 4h | 3h 22m | $1.6M | $4.7M | 20x |
Coinbase International EIGEN-PERP-INTX
OKX EIGEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.285% → −0.053%
- −$23.21
- Slippage, 4 orders
- −$185.23
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$272.97
- Costs to cover
- 2.052%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 30 min ago; OKX: 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, 30 min ago | 8.66 bp | 68.9 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.09 bp | 20.8 bp −$21 | 77.7 bp −$777 | 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 | 0.2382 | −0.177% | $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 | 0.2385 | −0.025% | $536K | $506K | 5x | as long as short |
| Gate EIGEN_USDT | +0.0098% | 4h | 0.2377 | −0.369% | $717K | $572K | 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 | −0.194% | $44K | $37K | 5x | as long as short |
| Binance EIGENUSDT | +0.0100% | 4h | 0.2380 | −0.243% | $8.2M | $19.8M | 75x | as long as short |
| Bybit EIGENUSDT | +0.0100% | 4h | 0.2379 | −0.285% | $9.3M | $7.1M | 50x | as long as short |
dYdX EIGEN-USD
Injective EIGEN/USDC PERP
Deribit EIGEN_USDC-PERPETUAL
BloFin EIGEN-USDT
Lighter EIGEN
Gate EIGEN_USDT
Nado EIGEN-PERP
Aster EIGENUSDT
Binance EIGENUSDT
Bybit EIGENUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX EIGEN-USDT-SWAPshort | +0.0100% | 4h | 0.2379 | −0.285% | $1.6M | $4.7M | 20x | |
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2380 | −0.243% | $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 EIGENUSDT | +0.0100% | 1h | 0.2390 | +0.176% | $35K | $230K | 50x | as long as short |
| 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 | 0.2381 | −0.216% | $88K | $517K | 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 | +0.0221% | 1h | 0.2384 | −0.075% | $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 |
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
01 Exchange EIGENUSD
GMX EIGEN/USD [ETH-USDC]
Hyperliquid EIGEN
Reya EIGENRUSDPERP