EIGEN funding rate today: 2 exchanges
The EIGEN funding rate on USDT-margined perpetuals at Binance, OKX: per funding interval, normalized to 8 hours and annualized, plus how much was paid over the past 7 and 30 days. Snapshot -, refreshed every minute.
Right now: the highest EIGEN rate is on Binance (-0.0054% per 8h), the lowest on OKX (-0.0336%). Shorts pay. Combined 24h turnover across exchanges: $21.6M.
What the numbers say
- The rate is negative on all 2 exchanges: shorts pay longs, positioning leans short.
- The standout rate is on OKX: -0.0336% per 8 hours, above the usual 0.01%.
- Widest spread: short on Binance, long on OKX - 0.0282% per 8 hours. It would cover the fees for opening and closing both legs in 2.4 days if rates stay the same.
- On OKX the current rate looks like a spike: +0.06% was paid over the past 7 days, versus -0.71% at today's rate.
Rates by exchange
| Exchange | Rate per interval | Cap | Per 8h | Annualized | Next payment | Paid 7d | Paid 30d | 24h turnover |
|---|---|---|---|---|---|---|---|---|
| Binance | -0.0027% / 4h | ±2% | -0.0054% | -5.9% | - | +0.08% | +0.62% | $16M |
| OKX | -0.0168% / 4h | ±1% | -0.0336% | -36.8% | - | +0.06% | +0.44% | $5M |
Positive: longs pay shorts. Negative: shorts pay longs. The cap is the maximum rate per interval on that exchange (intervals and caps by exchange). "-" in the paid columns means the coin has been listed for less than the period or its history is still being collected.
Who pays whom
Cost of holding a position
| Exchange | $1,000 long, 1 day | $1,000 short, 1 day | $10,000 long, 1 week (current rate) | $10,000 long, last week (actual) |
|---|---|---|---|---|
| Binance | +0.16 $ | -0.16 $ | +11.33 $ | -7.86 $ |
| OKX | +1.01 $ | -1.01 $ | +70.65 $ | -6.14 $ |
Positive means you receive, negative means you pay. "Current rate" assumes the rate does not change; in practice it is recalculated every interval. "Actual" uses the real payments of the past 7 days. Trading fees are not included.
EIGEN arbitrage pair
- Short on Binance, long on OKX: a spread of 0.0282% per 8 hours, 30.9% annualized.
- Covers the fees for opening and closing both legs in 2.4 days if rates stay the same.
- Over the past 7 days this pair would have earned +0.02% of notional before fees, over 30 days +0.18%.
- All pairs and how to read them are in the funding arbitrage table, risks included.
More on EIGEN
- Funding rate heatmap - EIGEN next to other coins.
- Open interest screener - whether positions in EIGEN are growing or shrinking.
- Liquidations - forced closes over the last 24 hours.
FAQ
What is the EIGEN funding rate now?
Binance: -0.0027% per 4h; OKX: -0.0168% per 4h. The table above refreshes every minute.
Who pays EIGEN funding?
With a positive rate longs pay shorts; with a negative rate shorts pay longs. The money goes from one side of traders to the other, not to the exchange. The rate is negative on all 2 exchanges: shorts pay longs, positioning leans short.
Why are EIGEN funding rates different on each exchange?
Each exchange computes the rate with its own formula and charges it on its own schedule (every 1, 2, 4 or 8 hours). Only values normalized to the same period can be compared - the "per 8h" column.
Is extreme funding a signal to trade against? We tested it on 522 coins: shorting high funding won often but lost on average after squeezes.
The page shows exchange data and arithmetic on it. It is not a trading signal or investment advice.