EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0482%/8h= +52.8% APRnext payment +$0.60 per $10,000 · paid last 24h +0.055%

Price spread now: Hyperliquid against Coinbase International+0.526%7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 3 days (all we have)−0.361%−$36 · spread now +0.526%, 7d avg +0.153%

Together, before fees−0.235%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.373% dearer against Coinbase International than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.153%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 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	Coinbase International EIGEN-PERP-INTX	0.2434	0.0160	pay 0.0020% / 1h	55m 48s	$42K	$160K	50x
Short	Hyperliquid EIGEN	0.2447	0.0642	get 0.0080% / 1h	55m 48s	$4.8M	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.526%Rate

Funding earned: $101.19
Price spread: +0.526% → +0.153%: $37.29
Slippage, 4 orders: −$59.74
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $59.75
Costs to cover: 0.787%
Break-even: 2.9 days

Slippage from Coinbase International: live order book, 22 min ago; Hyperliquid: live order book, 6 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, 22 min ago	7.07 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	2.06 bp	14.0 bp −$14	doesn't fit	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	−0.0080%	1h	0.2437	+0.115%	$826	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0016%	1h	0.2440	+0.219%	$176K	$68K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2432	−0.104%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2438	+0.164%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.156%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2437	+0.115%	$30K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2439	+0.187%	$45K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2439	+0.195%	$8.3M	$20.0M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2438	+0.160%	$9.7M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2439	+0.197%	$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	0.2436	+0.074%	$732K	$635K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2439	+0.197%	$8.8M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2439	+0.197%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2439	+0.197%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2439	+0.197%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2418	−0.679%	$201K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2418	−0.666%	$186K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2424	−0.419%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2437	+0.115%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2439	+0.214%	$92K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0113%	4h	0.2427	−0.296%	$349K	$135K	75x	as long as short
Coinbase International EIGEN-PERP-INTXlong	+0.0160%	1h	0.2434	long leg	$42K	$160K	50x
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2438	+0.151%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2438	+0.156%	$851	—	15x	as long as short
Hyperliquid EIGENshort	+0.0642%	1h	0.2447	+0.526%	$4.8M	$1.6M	5x
Lighter EIGEN	+0.0888%	1h	0.2443	+0.362%	$562K	$443K	5x	as long as short