EIGEN

Alert

Funding spread now, next payment 17:00 UTC−0.0280%/8h

next payment, per $10,000−$0.35paid, last 24h+0.066%paid, last 3 days−0.023%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.023% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 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	Lighter EIGEN	0.2453	0.0848	pay 0.0106% / 1h	55m 47s	$629K	$253K	5x
Short	GMX EIGEN/USD [ETH-USDC]	0.2449	L +0.0195% / S −0.0568%	get 0.0071% / 1h	55m 47s	$2K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersRate

Funding earned: −$58.71
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$70.71
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 51 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.136%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Lighter live order book, 51 min ago	8.08 bp	18.2 bp −$18	93.9 bp −$939	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EIGEN on 25 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange EIGENUSD	−0.0040%	1h	$779	$60	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	$6	$6	5.5x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0056%	1h	$41K	$155K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0099%	4h	$2K	$2K	10x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	$30K	$14K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	$46K	$22K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	$8.3M	$19.3M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	$9.9M	$7.8M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	$1.8M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	$747K	$640K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	$8.5M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	$2.4M	$9.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	$205K	$137K	—	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	$35K	$228K	50x	as long as short
Extended EIGEN-USD	+0.0104%	1h	$90K	$499K	10x	as long as short
Hyperliquid EIGEN	+0.0191%	1h	$4.9M	$1.4M	5x	as long as short
GMX EIGEN/USD [ETH-USDC]short	L +0.0195% / S −0.0568%	1h	$2K	—	100x
BloFin EIGEN-USDT	+0.0340%	4h	$359K	$132K	75x	as long as short
Reya EIGENRUSDPERP	+0.0507%	1h	$855	—	15x	as long as short
Lighter EIGENlong	+0.0848%	1h	$629K	$253K	5x
Kraken Futures PF_EIGENUSD	+0.1007%	1h	$179K	$69K	20x	as long as short