Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.215%

Price spread now: Binance against Kraken Futures−0.021%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.364%−$36 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.021%, 7d avg −0.086%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.065% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.086%. Mind the row above: over the last 7 days funding on this pair cost −0.364%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EIGENUSD	0.2440	−0.0016	get 0.0002% / 1h	56m 06s	$176K	$68K	20x
Short	Binance EIGENUSDT	0.2439	0.0100	get 0.0050% / 4h	56m 06s	$8.3M	$20.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: $24.42
Price spread: −0.021% → −0.086%: $6.48
Slippage, 4 orders: −$98.8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.9
Costs to cover: 1.188%
Break-even: 32.2 days

Slippage from Kraken Futures: live order book, 21 min ago; Binance: live order book, 15 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 Kraken Futures live order book, 21 min ago	6.23 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.08 bp	16.6 bp −$17	40.4 bp −$404	398.4 bp −$39.8K	doesn't fit

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
01 Exchange EIGENUSD	−0.0080%	1h	0.2437	−0.103%	$826	$5K	10x	as long as short
Kraken Futures PF_EIGENUSDlong	−0.0016%	1h	0.2440	long leg	$176K	$68K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2432	−0.322%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2438	−0.054%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	−0.062%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2437	−0.103%	$30K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2437	−0.085%	$45K	$29K	5x	as long as short
Binance EIGENUSDTshort	+0.0100%	4h	0.2439	−0.021%	$8.3M	$20.0M	75x
Bybit EIGENUSDT	+0.0100%	4h	0.2438	−0.058%	$9.7M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2440	+0.020%	$1.6M	$5.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2436	−0.144%	$732K	$635K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2438	−0.062%	$8.8M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2437	−0.103%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2438	−0.062%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2438	−0.062%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2418	−0.895%	$201K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2418	−0.883%	$186K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2424	−0.636%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2437	−0.103%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2439	−0.004%	$92K	$496K	10x	as long as short
BloFin EIGEN-USDT	+0.0113%	4h	0.2427	−0.513%	$349K	$135K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0160%	1h	0.2434	−0.218%	$42K	$160K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2438	−0.067%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2438	−0.063%	$851	—	15x	as long as short
Hyperliquid EIGEN	+0.0634%	1h	0.2445	+0.225%	$4.8M	$1.6M	5x	as long as short
Lighter EIGEN	+0.0888%	1h	0.2443	+0.143%	$562K	$443K	5x	as long as short