EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0578%/8h= −63.3% APRnext payment −$0.72 per $10,000 · paid last 24h −0.214%

Price spread now: Extended against Kraken Futures−0.278%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1581.580% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.359%−$36 on $10k

Price spread, last 3 days (all we have)+0.299%+$30 · spread now −0.278%, 7d avg −0.108%

Together, before fees−0.060%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.170% cheaper against Kraken Futures than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.108%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.359% in total (about -18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EIGENUSD	0.2408	0.0682	pay 0.0085% / 1h	36m 37s	$174K	$68K	20x
Short	Extended EIGEN-USD	0.2401	0.0104	get 0.0013% / 1h	36m 37s	$91K	$496K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.278%Rate

Funding earned: −$121.32
Price spread: −0.278% → −0.108%: −$17.01
Slippage, 4 orders: −$143.04
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$296.37
Costs to cover: 1.580%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 46 min ago; Extended: live order book, 46 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, 46 min ago	18.60 bp	59.0 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 46 min ago	8.29 bp	28.1 bp −$28	165.3 bp −$1,653	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	−0.0124%	1h	0.2405	−0.127%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0112%	1h	0.2401	−0.285%	$814	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2405	−0.132%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.252%	$6	$6	5.5x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2408	+0.018%	$541K	$431K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2406	−0.077%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2411	+0.131%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2404	−0.147%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2401	−0.285%	$8.1M	$20.1M	75x	as long as short
Bybit EIGENUSDT	+0.0100%	4h	0.2402	−0.235%	$9.6M	$7.9M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2402	−0.243%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2405	−0.119%	$721K	$636K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2403	−0.202%	$8.7M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2403	−0.202%	$2.3M	$10.7M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2404	−0.160%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2403	−0.202%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2406	−0.068%	$200K	$152K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2407	−0.024%	$191K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2408	+0.006%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2406	−0.077%	$2K	$1K	10x	as long as short
Extended EIGEN-USDshort	+0.0104%	1h	0.2401	−0.278%	$91K	$496K	10x
BloFin EIGEN-USDT	+0.0128%	4h	0.2407	−0.036%	$347K	$138K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2406	−0.079%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2404	−0.156%	$42K	$161K	50x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2405	−0.101%	$840	—	15x	as long as short
Kraken Futures PF_EIGENUSDlong	+0.0682%	1h	0.2408	long leg	$174K	$68K	20x