Settings8H · net · $10k
Funding arb · Price arb /

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0210%/8h= +23.0% APRnext payment +$0.26 per $10,000 · paid last 24h +0.221%
Price spread now: Kraken Futures against ApeX Omni+0.280%75s7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1501.498% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.344%+$34 on $10k
Price spread, last 3 days (all we have)−0.495%−$49 · spread now +0.280%, 7d avg +0.038%
Together, before fees−0.151%−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.243% dearer against ApeX Omni than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.038%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni EIGENUSDT0.24060.0100pay 0.0013% / 1h27m 39s$35K$235K50x
ShortKraken Futures PF_EIGENUSD0.24130.0310get 0.0039% / 1h27m 39s$174K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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

Funding earned
$44.12
Price spread: +0.280% → +0.038%
$24.28
Slippage, 4 orders
−$129.8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$81.4
Costs to cover
1.498%
Break-even
19.9 days
Slippage from ApeX Omni: live order book, 58 min ago; Kraken Futures: live order book, 59 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 58 min ago12.31 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 59 min ago8.22 bp42.5 bp −$42doesn't fitdoesn't fitdoesn't fit

EIGEN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX EIGEN-USD0.0000%1h0.2412+0.245%$3K5xas long as short
01 Exchange EIGENUSD0.0000%1h0.2410+0.166%$817$5K10xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2411+0.200%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.330%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0061%4h0.2407+0.042%$349K$136K75xas long as short
Nado EIGEN-PERP+0.0100%1h0.2409+0.145%$29K$16K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2415+0.361%$44K$24K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2414+0.333%$8.3M$20.1M75xas long as short
Bybit EIGENUSDT+0.0100%4h0.2414+0.328%$9.6M$8.0M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2414+0.333%$1.6M$5.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EIGEN_USDT+0.0100%4h0.2411+0.208%$721K$672K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2414+0.333%$8.5M$2.2M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2414+0.333%$2.4M$10.8M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2413+0.291%$1.9M$1.4M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.2413+0.291%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2406+0.016%$202K$152Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2406−0.002%$186K$2.1M10xas long as short
ApeX Omni EIGENUSDTlong+0.0100%1h0.2406long leg$35K$235K50x
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2410+0.166%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2413+0.281%$91K$496K10xas long as short
Coinbase International EIGEN-PERP-INTX+0.0144%1h0.2410+0.166%$42K$160K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2410+0.146%$2K100xas long as short
Kraken Futures PF_EIGENUSDshort+0.0310%1h0.2413+0.280%$174K$68K20x
Lighter EIGEN+0.0360%1h0.2417+0.478%$563K$413K5xas long as short
Reya EIGENRUSDPERP+0.0512%1h0.2410+0.180%$84115xas long as short
Hyperliquid EIGEN+0.0520%1h0.2420+0.582%$4.8M$1.5M5xas long as short