Funding you earn now, next payment 00:00 UTC+0.0381%/8h= +41.7% APRnext payment +$0.48 per $10,000 · paid last 24h +0.137%
Price spread now: Lighter against Hyperliquid−0.061%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days+0.558%+$56 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.061%, 7d avg +0.054%
=Together, before fees+0.726%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$73 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.115% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.054%). If the spread goes back, that is −$12 on $10k: about 24 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 | Hyperliquid EIGEN | 0.2451 | 0.0435 | pay 0.0054% / 1h | 51m 12s | $4.8M | $1.6M | 5x |
| Short | Lighter EIGEN | 0.2450 | 0.0816 | get 0.0102% / 1h | 51m 12s | $564K | $443K | 5x |
Hyperliquid EIGEN
Lighter EIGENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- $80.03
- Price spread: −0.061% → +0.054%
- −$11.52
- Slippage, 4 orders
- −$52.38
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.13
- Costs to cover
- 0.614%
- Break-even
- 6.4 days
Slippage from Hyperliquid: live order book, 11 min ago; Lighter: live order book, 19 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 Hyperliquid live order book, 11 min ago | 2.06 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 19 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange EIGENUSD | −0.0072% | 1h | 0.2444 | −0.286% | $829 | $5K | 10x | as long as short |
| Kraken Futures PF_EIGENUSD | −0.0016% | 1h | 0.2446 | −0.193% | $176K | $68K | 20x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2443 | −0.343% | $3K | — | 5x | as long as short |
| Deribit EIGEN_USDC-PERPETUAL | 0.0000% | 1h | 0.2444 | −0.302% | — | $86 | 10x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | −0.530% | $6 | $6 | 5.5x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2445 | −0.245% | $31K | $17K | 3x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2444 | −0.267% | $45K | $29K | 5x | as long as short |
| Binance EIGENUSDT | +0.0100% | 4h | 0.2443 | −0.315% | $8.3M | $20.0M | 75x | as long as short |
| Bybit EIGENUSDT | +0.0100% | 4h | 0.2443 | −0.326% | $9.7M | $7.7M | 50x | as long as short |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2443 | −0.326% | $1.6M | $5.0M | 20x | as long as short |
01 Exchange EIGENUSD
Kraken Futures PF_EIGENUSD
dYdX EIGEN-USD
Deribit EIGEN_USDC-PERPETUAL
Injective EIGEN/USDC PERP
Nado EIGEN-PERP
Aster EIGENUSDT
Binance EIGENUSDT
Bybit EIGENUSDT
OKX EIGEN-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2443 | −0.326% | $734K | $636K | 50x | as long as short |
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2443 | −0.326% | $8.7M | $2.3M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2444 | −0.286% | $2.4M | $10.6M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2443 | −0.326% | $1.9M | $1.3M | 75x | as long as short |
| BingX EIGEN-USDC | +0.0100% | 4h | 0.2444 | −0.286% | — | $6.5M | — | as long as short |
| Variational Omni EIGEN | +0.0100% | 4h | 0.2434 | −0.707% | $202K | $127K | — | as long as short |
| GRVT EIGEN_USDT_Perp | +0.0100% | 4h | 0.2440 | −0.449% | $190K | $2.2M | 10x | as long as short |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2444 | −0.286% | $36K | $236K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2444 | −0.286% | $2K | $1K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2444 | −0.297% | $92K | $496K | 10x | as long as short |
| BloFin EIGEN-USDT | +0.0119% | 4h | 0.2441 | −0.408% | $349K | $135K | 75x | as long as short |
| Coinbase International EIGEN-PERP-INTX | +0.0160% | 1h | 0.2443 | −0.330% | $42K | $161K | 50x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0195% / S −0.0568% | 1h | 0.2444 | −0.295% | $2K | — | 100x | as long as short |
| Hyperliquid EIGENlong | +0.0435% | 1h | 0.2451 | long leg | $4.8M | $1.6M | 5x | |
| Reya EIGENRUSDPERP | +0.0513% | 1h | 0.2443 | −0.314% | $853 | — | 15x | as long as short |
| Lighter EIGENshort | +0.0816% | 1h | 0.2450 | −0.061% | $564K | $443K | 5x |
Gate EIGEN_USDT
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDC
Variational Omni EIGEN
GRVT EIGEN_USDT_Perp
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
BloFin EIGEN-USDT
Coinbase International EIGEN-PERP-INTX
GMX EIGEN/USD [ETH-USDC]
Reya EIGENRUSDPERP