Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h −0.157%

Price spread now: BloFin against Kraken Futures−0.215%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1211.211% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)+0.224%+$22 · spread now −0.215%, 7d avg −0.093%

Together, before fees+0.321%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.122% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of −0.093%). If the spread goes back, that is −$12 on $10k: about 3.0 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.097% in total) that is about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EIGENUSD	0.2446	−0.0016	get 0.0002% / 1h	50m 41s	$176K	$68K	20x
Short	BloFin EIGEN-USDT	0.2441	0.0119	get 0.0059% / 4h	50m 41s	$349K	$135K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.215%Rate

Funding earned: $28.34
Price spread: −0.215% → −0.093%: −$12.2
Slippage, 4 orders: −$99.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$104.94
Costs to cover: 1.211%
Break-even: 32.9 days

Slippage from Kraken Futures: live order book, 27 min ago; BloFin: live order book, 24 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, 27 min ago	6.23 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	4.16 bp	13.6 bp −$14	24.9 bp −$249	181.2 bp −$18.1K	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	−0.0072%	1h	0.2444	−0.093%	$829	$5K	10x	as long as short
Kraken Futures PF_EIGENUSDlong	−0.0016%	1h	0.2446	long leg	$176K	$68K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2443	−0.148%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2444	−0.109%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	−0.338%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2445	−0.052%	$31K	$17K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2444	−0.107%	$45K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2443	−0.134%	$8.3M	$20.0M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2441	−0.199%	$9.7M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2441	−0.215%	$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	0.2442	−0.175%	$734K	$636K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2443	−0.134%	$8.7M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2443	−0.134%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2442	−0.175%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2442	−0.175%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2434	−0.515%	$202K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2440	−0.256%	$190K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2444	−0.093%	$36K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2444	−0.093%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2441	−0.217%	$92K	$496K	10x	as long as short
BloFin EIGEN-USDTshort	+0.0119%	4h	0.2441	−0.215%	$349K	$135K	75x
Coinbase International EIGEN-PERP-INTX	+0.0160%	1h	0.2443	−0.138%	$42K	$161K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2444	−0.103%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0415%	1h	0.2451	+0.193%	$4.8M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2443	−0.121%	$853	—	15x	as long as short
Lighter EIGEN	+0.0824%	1h	0.2448	+0.067%	$563K	$443K	5x	as long as short