EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0272%/8h= −29.8% APRnext payment −$1.36 per $10,000 · paid last 24h −0.046%

Price spread now: Bybit against OKX+0.093%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.093%, 7d avg −0.038%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.131% dearer against OKX than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.038%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.159% in total) that is about 5.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.36 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EIGEN-USDT-SWAP	0.2371	0.0100	pay 0.0050% / 4h	8m 31s	$1.6M	$4.1M	20x
Short	Bybit EIGENUSDT	0.2373	−0.0172	pay 0.0086% / 4h	8m 31s	$8.8M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OKXbpFee BybitbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$57.15
Price spread: +0.093% → −0.038%: $13.11
Slippage, 4 orders: −$68.33
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$133.37
Costs to cover: 0.893%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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 OKX live order book, 2 min ago	2.11 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.22 bp	24.8 bp −$25	65.9 bp −$659	doesn't fit	doesn't fit

EIGEN on 26 exchanges

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	−0.8576%	1h	0.2326	−1.898%	$787	$5K	10x	as long as short
Bybit EIGENUSDTshort	−0.0172%	4h	0.2373	+0.093%	$8.8M	$6.2M	50x
Deribit EIGEN_USDC-PERPETUAL	−0.0002%	1h	0.2376	+0.202%	—	—	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2375	+0.183%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.826%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2379	+0.337%	$24K	$16K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2377	+0.253%	$4.4M	$1.3M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2375	+0.157%	$44K	$25K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2372	+0.049%	$8.0M	$17.9M	75x	as long as short
OKX EIGEN-USDT-SWAPlong	+0.0100%	4h	0.2371	long leg	$1.6M	$4.1M	20x

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2375	+0.169%	$714K	$541K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2372	+0.042%	$7.7M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2372	+0.042%	$2.3M	$9.1M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2373	+0.084%	$1.9M	$1.2M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2374	+0.127%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2370	−0.049%	$214K	$115K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2371	−0.016%	$185K	$3.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2370	−0.042%	$32K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2376	+0.211%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2373	+0.068%	$84K	$659K	10x	as long as short
BloFin EIGEN-USDT	+0.0142%	4h	0.2370	−0.042%	$350K	$112K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2377	+0.271%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0240%	1h	0.2379	+0.325%	$165K	$132K	20x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0456%	1h	0.2378	+0.308%	$40K	$271K	50x	as long as short
Reya EIGENRUSDPERP	+0.0526%	1h	0.2374	+0.105%	$829	—	15x	as long as short
Lighter EIGEN	+0.0584%	1h	0.2383	+0.502%	$571K	$486K	5x	as long as short