Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h −0.199%

Price spread now: Aster against Kraken Futures−0.155%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.155% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 2.6 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EIGENUSD	0.2441	−0.0097	get 0.0012% / 1h	41m 59s	$175K	$74K	20x
Short	Aster EIGENUSDT	0.2437	0.0100	get 0.0050% / 4h	3h 41m	$47K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.155%Rate

Funding earned: $41.34
Price spread: −0.155% → 0.000%: −$15.46
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $7.88
Costs to cover: 0.180%
Break-even: 5.7 days

Slippage unknown: Kraken Futures: live order book, 30 min ago; Aster: no order-book sample. Net counts fees only.

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 Kraken Futures live order book, 30 min ago	4.13 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EIGEN on 26 venues

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
Bybit EIGENUSDT	−0.0207%	4h	0.2432	−0.338%	$9.7M	$7.7M	50x	as long as short
01 Exchange EIGENUSD	−0.0144%	1h	0.2435	−0.231%	$826	$5K	10x	as long as short
Kraken Futures PF_EIGENUSDlong	−0.0097%	1h	0.2441	long leg	$175K	$74K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2436	−0.206%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2436	−0.178%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	−0.108%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2443	+0.084%	$556K	$449K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2438	−0.108%	$32K	$18K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2441	+0.014%	$4.8M	$1.6M	5x	as long as short
Aster EIGENUSDTshort	+0.0100%	4h	0.2437	−0.155%	$47K	$35K	5x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2433	−0.317%	$8.3M	$20.2M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2431	−0.395%	$1.7M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2434	−0.272%	$734K	$565K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2433	−0.313%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2434	−0.272%	$2.4M	$10.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2431	−0.395%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2434	−0.272%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2430	−0.452%	$202K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2430	−0.436%	$193K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2430	−0.436%	$36K	$237K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2436	−0.190%	$579	$3K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2431	−0.395%	$89K	$639K	10x	as long as short
BloFin EIGEN-USDT	+0.0105%	4h	0.2430	−0.436%	$354K	$134K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2437	−0.154%	$55K	$176K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2437	−0.140%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2437	−0.167%	$851	—	15x	as long as short