EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.055%

Price spread now: Hyperliquid against Reya+0.277%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.277% dearer against Reya than usual: you sell high and buy low (spread +0.277% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya EIGENRUSDPERP	0.2414	0.0512	pay 0.0064% / 1h	24m 47s	$843	—	15x
Short	Hyperliquid EIGEN	0.2421	0.0470	get 0.0059% / 1h	24m 47s	$4.8M	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. 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 ReyabpFee HyperliquidbpOrdersPrice spread, now +0.277%Rate

Funding earned: −$8.73
Price spread: +0.277% → 0.000%: $27.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $3.99
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	4.15 bp	23.2 bp −$23	doesn't fit	doesn't fit	doesn't fit

Reya: 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 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	−0.0330%	1h	0.2414	−0.017%	—	$86	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2415	+0.027%	$3K	—	5x	as long as short
01 Exchange EIGENUSD	0.0000%	1h	0.2414	−0.013%	$819	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.981%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0048%	4h	0.2415	+0.029%	$349K	$137K	75x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2417	+0.091%	$29K	$16K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2416	+0.077%	$44K	$24K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2415	+0.029%	$8.3M	$20.1M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2415	+0.029%	$9.6M	$8.0M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2415	+0.029%	$1.6M	$5.1M	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	0.2417	+0.112%	$723K	$672K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2415	+0.029%	$8.5M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2416	+0.070%	$2.4M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2413	−0.054%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2415	+0.029%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2422	+0.315%	$203K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2414	−0.003%	$188K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2414	−0.013%	$36K	$235K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2415	+0.029%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2414	−0.004%	$91K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2422	+0.302%	$43K	$161K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2414	+0.002%	$2K	—	100x	as long as short
Lighter EIGEN	+0.0288%	1h	0.2419	+0.174%	$564K	$413K	5x	as long as short
Kraken Futures PF_EIGENUSD	+0.0309%	1h	0.2419	+0.191%	$174K	$68K	20x	as long as short
Hyperliquid EIGENshort	+0.0470%	1h	0.2421	+0.277%	$4.8M	$1.5M	5x
Reya EIGENRUSDPERPlong	+0.0512%	1h	0.2414	long leg	$843	—	15x