Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h +0.140%

Price spread now: Kraken Futures against Binance+0.058%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1091.085% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.425%+$43 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.058%, 7d avg +0.081%

Together, before fees+0.334%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.023% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.081%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.425%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EIGENUSDT	0.2378	0.0100	pay 0.0050% / 4h	1h 57m	$8.1M	$18.8M	75x
Short	Kraken Futures PF_EIGENUSD	0.2379	−0.0088	pay 0.0011% / 1h	57m 58s	$159K	$121K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$39.56
Price spread: +0.058% → +0.081%: −$2.27
Slippage, 4 orders: −$88.5
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$150.34
Costs to cover: 1.085%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 52 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 Binance live order book, 6 min ago	2.10 bp	13.8 bp −$14	47.8 bp −$478	1700.0 bp −$170.0K	doesn't fit
Sell Kraken Futures live order book, 52 min ago	6.32 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit

EIGEN on 26 exchanges

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	−0.6432%	1h	0.2331	−1.976%	$790	$5K	10x	as long as short
Bybit EIGENUSDT	−0.0234%	4h	0.2377	−0.042%	$8.9M	$6.8M	50x	as long as short
Kraken Futures PF_EIGENUSDshort	−0.0088%	1h	0.2379	+0.058%	$159K	$121K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2377	−0.023%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2378	−0.004%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.523%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2379	+0.021%	$36K	$13K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2384	+0.252%	$4.5M	$1.6M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2379	+0.053%	$44K	$26K	5x	as long as short
Binance EIGENUSDTlong	+0.0100%	4h	0.2378	long leg	$8.1M	$18.8M	75x

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2377	−0.042%	$1.6M	$4.4M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2378	0.000%	$710K	$566K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2378	0.000%	$8.0M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2378	0.000%	$2.6M	$9.3M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2376	−0.084%	$1.8M	$1.2M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2376	−0.084%	—	$1.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2374	−0.150%	$216K	$126K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2377	−0.038%	$183K	$2.9M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2375	−0.126%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2377	−0.042%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2378	−0.009%	$83K	$684K	10x	as long as short
BloFin EIGEN-USDT	+0.0153%	4h	0.2379	+0.042%	$350K	$115K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2379	+0.023%	$2K	—	100x	as long as short
Lighter EIGEN	+0.0472%	1h	0.2385	+0.307%	$560K	$502K	5x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0488%	1h	0.2384	+0.257%	$40K	$267K	50x	as long as short
Reya EIGENRUSDPERP	+0.0524%	1h	0.2377	−0.057%	$830	—	15x	as long as short