Funding you earn now, next payment 23:00 UTC−0.0584%/8h= −63.9% APRpaid last 24h −0.234%
Price spread now: Bybit against Kraken Futures−0.160%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1471.466% of the position
Funding, last 7 days−0.506%−$51 on $10k
+Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.160%, 7d avg −0.112%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.112%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_EIGENUSD | 0.2400 | 0.0684 | pay 0.0085% / 1h | 53m 36s | $173K | $68K | 20x |
| Short | Bybit EIGENUSDT | 0.2397 | 0.0100 | get 0.0050% / 4h | 1h 53m | $9.6M | $8.0M | 50x |
Kraken Futures PF_EIGENUSD
Bybit EIGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$122.61
- Price spread: −0.160% → −0.112%
- −$4.83
- Slippage, 4 orders
- −$125.65
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$274.08
- Costs to cover
- 1.466%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 29 min ago; Bybit: live order book, 5 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, 29 min ago | 18.60 bp | 59.0 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.19 bp | 25.2 bp −$25 | 59.5 bp −$595 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit EIGEN_USDC-PERPETUAL | −0.0292% | 1h | 0.2398 | −0.115% | — | $86 | 10x | as long as short |
| 01 Exchange EIGENUSD | −0.0096% | 1h | 0.2399 | −0.056% | $813 | $5K | 10x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2398 | −0.108% | $3K | — | 5x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | +1.569% | $6 | $6 | 5.5x | as long as short |
| BloFin EIGEN-USDT | +0.0067% | 4h | 0.2386 | −0.598% | $345K | $137K | 75x | as long as short |
| Lighter EIGEN | +0.0096% | 1h | 0.2399 | −0.040% | $540K | $430K | 5x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2402 | +0.048% | $28K | $17K | 3x | as long as short |
| Hyperliquid EIGEN | +0.0100% | 1h | 0.2399 | −0.056% | $4.7M | $1.5M | 5x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2397 | −0.148% | $44K | $29K | 5x | as long as short |
| Binance EIGENUSDT | +0.0100% | 4h | 0.2395 | −0.223% | $8.1M | $20.3M | 75x | as long as short |
Deribit EIGEN_USDC-PERPETUAL
01 Exchange EIGENUSD
dYdX EIGEN-USD
Injective EIGEN/USDC PERP
BloFin EIGEN-USDT
Lighter EIGEN
Nado EIGEN-PERP
Hyperliquid EIGEN
Aster EIGENUSDT
Binance EIGENUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit EIGENUSDTshort | +0.0100% | 4h | 0.2397 | −0.160% | $9.6M | $8.0M | 50x | |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2398 | −0.098% | $1.6M | $5.0M | 20x | as long as short |
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2396 | −0.181% | $719K | $634K | 50x | as long as short |
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2395 | −0.223% | $8.6M | $2.2M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2398 | −0.098% | $2.3M | $10.8M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2394 | −0.264% | $1.9M | $1.4M | 75x | as long as short |
| BingX EIGEN-USDT | +0.0100% | 4h | 0.2397 | −0.140% | — | $1.6M | — | as long as short |
| Variational Omni EIGEN | +0.0100% | 4h | 0.2394 | −0.252% | $199K | $154K | — | as long as short |
| GRVT EIGEN_USDT_Perp | +0.0100% | 4h | 0.2386 | −0.609% | $186K | $2.1M | 10x | as long as short |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2388 | −0.514% | $35K | $236K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2399 | −0.056% | $2K | $2K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2394 | −0.249% | $91K | $496K | 10x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0194% / S −0.0568% | 1h | 0.2399 | −0.062% | $2K | — | 100x | as long as short |
| Coinbase International EIGEN-PERP-INTX | +0.0200% | 1h | 0.2402 | +0.077% | $42K | $160K | 50x | as long as short |
| Reya EIGENRUSDPERP | +0.0512% | 1h | 0.2400 | −0.023% | $838 | — | 15x | as long as short |
| Kraken Futures PF_EIGENUSDlong | +0.0684% | 1h | 0.2400 | long leg | $173K | $68K | 20x |
OKX EIGEN-USDT-SWAP
Gate EIGEN_USDT
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDT
Variational Omni EIGEN
GRVT EIGEN_USDT_Perp
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
GMX EIGEN/USD [ETH-USDC]
Coinbase International EIGEN-PERP-INTX
Reya EIGENRUSDPERP