Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h −0.148%

Price spread now: KuCoin against Kraken Futures−0.150%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1501.495% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.461%−$46 on $10k

Price spread, last 4 days (all we have)+0.307%+$31 · spread now −0.150%, 7d avg −0.070%

Together, before fees−0.154%−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.080% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of −0.070%). If the spread goes back, that is −$8 on $10k: about 36 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.461%, 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	0.2388	−0.0078	get 0.0010% / 1h	45m 14s	$160K	$116K	20x
Short	KuCoin EIGENUSDTM	0.2384	0.0100	get 0.0050% / 4h	3h 45m	$2.4M	$9.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.150%Rate

Funding earned: $37.44
Price spread: −0.150% → −0.070%: −$8.02
Slippage, 4 orders: −$127.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$120.11
Costs to cover: 1.495%
Break-even: 29.5 days

Slippage from Kraken Futures: live order book, 52 min ago; KuCoin: live order book, 3 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, 52 min ago	4.22 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	4.19 bp	52.1 bp −$52	209.1 bp −$2,091	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
01 Exchange EIGENUSD	−0.6344%	1h	0.2339	−2.035%	$793	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0085%	1h	0.2385	−0.116%	—	$41	10x	as long as short
Kraken Futures PF_EIGENUSDlong	−0.0078%	1h	0.2388	long leg	$160K	$116K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2386	−0.086%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.112%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0071%	4h	0.2384	−0.150%	$348K	$112K	75x	as long as short
Bybit EIGENUSDT	+0.0076%	4h	0.2384	−0.137%	$9.0M	$7.4M	50x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2390	+0.118%	$537K	$495K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2386	−0.045%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2389	+0.060%	$4.5M	$1.8M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EIGENUSDT	+0.0100%	4h	0.2385	−0.117%	$44K	$26K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2384	−0.150%	$8.1M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2384	−0.150%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2385	−0.108%	$709K	$591K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2385	−0.108%	$8.3M	$2.4M	125x	as long as short
KuCoin EIGENUSDTMshort	+0.0100%	4h	0.2384	−0.150%	$2.4M	$9.6M	50x
Bitget EIGENUSDT	+0.0100%	4h	0.2383	−0.192%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2385	−0.108%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2384	−0.145%	$219K	$145K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2381	−0.284%	$186K	$2.8M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2387	−0.024%	$35K	$233K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2385	−0.108%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2385	−0.113%	$88K	$691K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2385	−0.120%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0504%	1h	0.2393	+0.214%	$39K	$279K	50x	as long as short
Reya EIGENRUSDPERP	+0.0522%	1h	0.2385	−0.087%	$833	—	15x	as long as short