Funding you earn now, next payment 21:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.217%
Price spread now: Lighter against Coinbase International+0.058%7-day average +0.208% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$930.926% of the position
Funding, last 7 days+0.684%+$68 on $10k
+Price spread, last 3 days (all we have)+0.159%+$16 · spread now +0.058%, 7d avg +0.208%
=Together, before fees+0.843%+ Points / potential airdropLighter: Season 3 · farm board+$84 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.149% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.208%). If the spread goes back, that is −$15 on $10k: about 12 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.684% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International EIGEN-PERP-INTX | 0.2397 | 0.0144 | pay 0.0018% / 1h | 11m 29s | $42K | $160K | 50x |
| Short | Lighter EIGEN | 0.2399 | 0.0184 | get 0.0023% / 1h | 11m 29s | $540K | $434K | 5x |
Coinbase International EIGEN-PERP-INTX
Lighter EIGENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $8.4
- Price spread: +0.058% → +0.208%
- −$14.91
- Slippage, 4 orders
- −$82.61
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$99.12
- Costs to cover
- 0.926%
- Break-even
- 89.6 days
Slippage from Coinbase International: live order book, 11 min ago; Lighter: live order book, 4 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, 11 min ago | 0.21 bp | 31.6 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 15.75 bp | 27.0 bp −$27 | 73.4 bp −$734 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit EIGEN_USDC-PERPETUAL | −0.0210% | 1h | 0.2393 | −0.200% | — | $86 | 10x | as long as short |
| 01 Exchange EIGENUSD | −0.0008% | 1h | 0.2392 | −0.229% | $811 | $5K | 10x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2396 | −0.069% | $3K | — | 5x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | +1.689% | $6 | $6 | 5.5x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2396 | −0.063% | $29K | $16K | 3x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2396 | −0.081% | $46K | $26K | 5x | as long as short |
| Binance EIGENUSDT | +0.0100% | 4h | 0.2392 | −0.213% | $8.2M | $20.2M | 75x | as long as short |
| Bybit EIGENUSDT | +0.0100% | 4h | 0.2393 | −0.188% | $9.6M | $8.0M | 50x | as long as short |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2394 | −0.146% | $1.6M | $5.0M | 20x | as long as short |
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2392 | −0.229% | $716K | $674K | 50x | as long as short |
Deribit EIGEN_USDC-PERPETUAL
01 Exchange EIGENUSD
dYdX EIGEN-USD
Injective EIGEN/USDC PERP
Nado EIGEN-PERP
Aster EIGENUSDT
Binance EIGENUSDT
Bybit EIGENUSDT
OKX EIGEN-USDT-SWAP
Gate EIGEN_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2394 | −0.146% | $8.5M | $2.3M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2393 | −0.188% | $2.3M | $10.8M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2392 | −0.229% | $1.9M | $1.4M | 75x | as long as short |
| BingX EIGEN-USDC | +0.0100% | 4h | 0.2392 | −0.229% | — | $6.5M | — | as long as short |
| Variational Omni EIGEN | +0.0100% | 4h | 0.2408 | +0.433% | $203K | $152K | — | as long as short |
| GRVT EIGEN_USDT_Perp | +0.0100% | 4h | 0.2402 | +0.187% | $187K | $2.1M | 10x | as long as short |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2408 | +0.438% | $35K | $235K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2391 | −0.271% | $2K | $2K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2394 | −0.136% | $91K | $496K | 10x | as long as short |
| Coinbase International EIGEN-PERP-INTXlong | +0.0144% | 1h | 0.2397 | long leg | $42K | $160K | 50x | |
| BloFin EIGEN-USDT | +0.0145% | 4h | 0.2404 | +0.271% | $350K | $136K | 75x | as long as short |
| Lighter EIGENshort | +0.0184% | 1h | 0.2399 | +0.058% | $540K | $434K | 5x | |
| GMX EIGEN/USD [ETH-USDC] | L +0.0194% / S −0.0568% | 1h | 0.2394 | −0.162% | $2K | — | 100x | as long as short |
| Kraken Futures PF_EIGENUSD | +0.0312% | 1h | 0.2395 | −0.098% | $173K | $68K | 20x | as long as short |
| Hyperliquid EIGEN | +0.0326% | 1h | 0.2397 | −0.021% | $4.7M | $1.5M | 5x | as long as short |
| Reya EIGENRUSDPERP | +0.0512% | 1h | 0.2392 | −0.234% | $835 | — | 15x | as long as short |
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
GMX EIGEN/USD [ETH-USDC]
Kraken Futures PF_EIGENUSD
Hyperliquid EIGEN
Reya EIGENRUSDPERP