diff --git a/packages/indexer-agent/src/db/migrations/17-edit-cost-models-trigger.ts b/packages/indexer-agent/src/db/migrations/17-edit-cost-models-trigger.ts
new file mode 100644
index 000000000..849fbfe7e
--- /dev/null
+++ b/packages/indexer-agent/src/db/migrations/17-edit-cost-models-trigger.ts
@@ -0,0 +1,62 @@
+import { Logger } from '@graphprotocol/common-ts'
+import { QueryInterface } from 'sequelize'
+
+interface MigrationContext {
+  queryInterface: QueryInterface
+  logger: Logger
+}
+
+interface Context {
+  context: MigrationContext
+}
+
+export async function up({ context }: Context): Promise<void> {
+  const { queryInterface, logger } = context
+
+  logger.info(
+    'Deleting old function/trigger for cost models to add the model field',
+  )
+
+  const dropFunctionSQL = `
+        DROP FUNCTION IF EXISTS cost_models_update_notify() CASCADE;
+    `
+  await queryInterface.sequelize.query(dropFunctionSQL)
+
+  const functionSQL = `
+        CREATE FUNCTION cost_models_update_notify()
+        RETURNS trigger AS
+        $$
+        BEGIN
+          IF TG_OP = 'DELETE' THEN
+            PERFORM pg_notify('cost_models_update_notification', format('{"tg_op": "DELETE", "deployment": "%s"}', OLD.deployment));
+            RETURN OLD;
+          ELSIF TG_OP = 'INSERT' THEN
+            PERFORM pg_notify('cost_models_update_notification', format('{"tg_op": "INSERT", "deployment": "%s", "model": "%s", "variables": "%s"}', NEW.deployment, NEW.model, NEW.variables));
+            RETURN NEW;
+          ELSE
+            PERFORM pg_notify('cost_models_update_notification', format('{"tg_op": "%s", "deployment": "%s", "model": "%s", "variables": "%s" }', NEW.deployment, NEW.model, NEW.variables));
+            RETURN NEW;
+          END IF;
+        END;
+        $$ LANGUAGE 'plpgsql';
+    `
+  const triggerSQL = `
+        CREATE TRIGGER cost_models_update AFTER INSERT OR UPDATE OR DELETE
+        ON "CostModelsHistory"
+        FOR EACH ROW EXECUTE PROCEDURE cost_models_update_notify();
+    `
+  await queryInterface.sequelize.query(functionSQL)
+  await queryInterface.sequelize.query(triggerSQL)
+}
+
+export async function down({ context }: Context): Promise<void> {
+  const { queryInterface, logger } = context
+  logger.info(`Drop function, trigger, indices, and table`)
+  await queryInterface.sequelize.query(
+    'DROP TRIGGER IF EXISTS cost_models_update ON "CostModelsHistory" CASCADE;',
+  )
+
+  await queryInterface.sequelize.query(
+    'DROP FUNCTION IF EXISTS cost_models_update_notify() CASCADE;',
+  )
+}