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+0.0212%/8h= +23.2% APRpaid last 24h +0.221%
Price spread now: Kraken Futures against Gate+0.234%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1651.650% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.340%+$34 on $10k
Price spread, last 3 days (all we have)−0.477%−$48 · spread now +0.234%, 7d avg +0.091%
Together, before fees−0.137%−$14 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 0.143% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EIGEN_USDT0.23910.0100pay 0.0050% / 4h2h 48m$715K$672K50x
ShortKraken Futures PF_EIGENUSD0.23970.0312get 0.0039% / 1h48m 36s$174K$67K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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
$44.56
Price spread: +0.234% → +0.091%
$14.33
Slippage, 4 orders
−$139.99
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$106.1
Costs to cover
1.650%
Break-even
23.7 days
Slippage from Gate: live order book, 37 min ago; Kraken Futures: live order book, 38 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 Gate live order book, 37 min ago6.15 bp30.0 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 38 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
Deribit EIGEN_USDC-PERPETUAL−0.0084%1h0.2392+0.042%$8610xas long as short
01 Exchange EIGENUSD−0.0040%1h0.2395+0.167%$812$5K10xas long as short
dYdX EIGEN-USD0.0000%1h0.2393+0.084%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.966%$6$65.5xas long as short
Bybit EIGENUSDT+0.0047%4h0.2396+0.209%$9.6M$8.0M50xas long as short
Nado EIGEN-PERP+0.0100%1h0.2397+0.272%$29K$16K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2395+0.173%$44K$24K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2396+0.209%$8.2M$20.1M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2395+0.167%$1.6M$5.0M20xas long as short
Gate EIGEN_USDTlong+0.0100%4h0.2391long leg$715K$672K50x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EIGEN_USDT+0.0100%4h0.2395+0.167%$8.4M$2.2M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2395+0.167%$2.3M$10.8M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2393+0.084%$1.9M$1.4M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.2395+0.167%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2391+0.001%$201K$152Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2392+0.022%$187K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2390−0.042%$36K$235K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2392+0.042%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2396+0.218%$90K$496K10xas long as short
BloFin EIGEN-USDT+0.0113%4h0.23910.000%$350K$135K75xas long as short
Coinbase International EIGEN-PERP-INTX+0.0144%1h0.2393+0.100%$42K$159K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2392+0.037%$2K100xas long as short
Kraken Futures PF_EIGENUSDshort+0.0312%1h0.2397+0.234%$174K$67K20x
Reya EIGENRUSDPERP+0.0511%1h0.2392+0.035%$83515xas long as short
Lighter EIGEN+0.0672%1h0.2401+0.418%$578K$392K5xas long as short
Hyperliquid EIGEN+0.0761%1h0.2402+0.460%$4.8M$1.5M5xas long as short