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: Bitget against Kraken Futures−0.307%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1401.400% 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)+0.507%+$51 · spread now −0.307%, 7d avg −0.117%
Together, before fees+0.167%+$17 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 Bitget is 0.190% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.117%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_EIGENUSD0.23960.0312pay 0.0039% / 1h51m 16s$173K$67K20x
ShortBitget EIGENUSDT0.23890.0100get 0.0050% / 4h2h 51m$1.8M$1.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
−$44.57
Price spread: −0.307% → −0.117%
−$19
Slippage, 4 orders
−$118
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$203.56
Costs to cover
1.400%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 36 min ago; Bitget: live order book, 1 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 Kraken Futures live order book, 36 min ago8.22 bp53.0 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago6.28 bp19.6 bp −$2051.0 bp −$510doesn'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
01 Exchange EIGENUSD−0.0080%1h0.2391−0.223%$811$5K10xas long as short
Bybit EIGENUSDT−0.0031%4h0.2392−0.182%$9.5M$8.1M50xas long as short
Deribit EIGEN_USDC-PERPETUAL−0.0001%1h0.2392−0.173%$8610xas long as short
dYdX EIGEN-USD0.0000%1h0.2393−0.140%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.738%$6$65.5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2391−0.223%$29K$16K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2393−0.123%$44K$24K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2391−0.223%$8.2M$20.2M75xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2392−0.182%$1.6M$5.0M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2391−0.223%$715K$672K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EIGEN_USDT+0.0100%4h0.2391−0.223%$8.3M$2.2M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2393−0.140%$2.3M$10.7M50xas long as short
Bitget EIGENUSDTshort+0.0100%4h0.2389−0.307%$1.8M$1.4M75x
BingX EIGEN-USDC+0.0100%4h0.2389−0.307%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2399+0.131%$201K$152Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2405+0.344%$188K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2398+0.069%$36K$235K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2391−0.223%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2391−0.215%$90K$496K10xas long as short
Coinbase International EIGEN-PERP-INTX+0.0144%1h0.2393−0.123%$42K$159K50xas long as short
BloFin EIGEN-USDT+0.0153%4h0.2393−0.140%$350K$136K75xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2392−0.199%$2K100xas long as short
Kraken Futures PF_EIGENUSDlong+0.0312%1h0.2396long leg$173K$67K20x
Reya EIGENRUSDPERP+0.0511%1h0.2392−0.187%$83515xas long as short
Lighter EIGEN+0.0584%1h0.2397+0.044%$577K$392K5xas long as short
Hyperliquid EIGEN+0.0677%1h0.2398+0.069%$4.8M$1.5M5xas long as short