EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0538%/8h= −58.9% APRnext payment −$0.67 per $10,000 · paid last 24h −0.065%

Price spread now: Extended against Hyperliquid−0.290%7-day average −0.213% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.290%, 7d avg −0.213%

Together, before fees+0.036%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Extended is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.213%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 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	Hyperliquid EIGEN	0.2447	0.0642	pay 0.0080% / 1h	55m 44s	$4.8M	$1.6M	5x
Short	Extended EIGEN-USD	0.2440	0.0104	get 0.0013% / 1h	55m 44s	$92K	$496K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.290%Rate

Funding earned: −$112.95
Price spread: −0.290% → −0.213%: −$7.65
Slippage, 4 orders: −$75.81
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$210.41
Costs to cover: 0.898%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Extended: live order book, 22 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, 6 min ago	2.06 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 22 min ago	8.33 bp	28.4 bp −$28	137.9 bp −$1,379	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	−0.409%	$826	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0016%	1h	0.2440	−0.306%	$176K	$68K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2440	−0.302%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2438	−0.360%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	−0.368%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2437	−0.409%	$30K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2439	−0.335%	$45K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2440	−0.286%	$8.3M	$20.0M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2439	−0.319%	$9.7M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2441	−0.245%	$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	0.2440	−0.286%	$734K	$635K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2440	−0.286%	$8.8M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2440	−0.286%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2440	−0.286%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2441	−0.245%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2418	−1.198%	$201K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2418	−1.186%	$186K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2424	−0.940%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2437	−0.409%	$2K	$1K	10x	as long as short
Extended EIGEN-USDshort	+0.0104%	1h	0.2440	−0.290%	$92K	$496K	10x
BloFin EIGEN-USDT	+0.0113%	4h	0.2427	−0.817%	$349K	$135K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0160%	1h	0.2434	−0.523%	$42K	$160K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2438	−0.373%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2438	−0.368%	$851	—	15x	as long as short
Hyperliquid EIGENlong	+0.0642%	1h	0.2447	long leg	$4.8M	$1.6M	5x
Lighter EIGEN	+0.0936%	1h	0.2444	−0.106%	$562K	$443K	5x	as long as short