Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h −0.215%

Price spread now: OKX against Kraken Futures−0.160%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1000.998% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.385%−$39 on $10k

Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.160%, 7d avg −0.098%

Together, before fees−0.208%−$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.062% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of −0.098%). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.385%, 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	0.2437	−0.0097	get 0.0012% / 1h	58m 16s	$176K	$75K	20x
Short	OKX EIGEN-USDT-SWAP	0.2433	0.0100	get 0.0050% / 4h	3h 58m	$1.7M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.160%Rate

Funding earned: $41.37
Price spread: −0.160% → −0.098%: −$6.19
Slippage, 4 orders: −$79.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.57
Costs to cover: 0.998%
Break-even: 17.9 days

Slippage from Kraken Futures: live order book, 14 min ago; OKX: live order book, 4 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, 14 min ago	4.13 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.06 bp	20.1 bp −$20	263.3 bp −$2,633	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
Bybit EIGENUSDT	−0.1137%	4h	0.2435	−0.078%	$9.7M	$7.7M	50x	as long as short
01 Exchange EIGENUSD	−0.0160%	1h	0.2432	−0.201%	$825	$5K	10x	as long as short
Kraken Futures PF_EIGENUSDlong	−0.0097%	1h	0.2437	long leg	$176K	$75K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2432	−0.216%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2435	−0.057%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.045%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2433	−0.160%	$32K	$18K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2434	−0.136%	$48K	$34K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2435	−0.096%	$8.3M	$20.4M	75x	as long as short
OKX EIGEN-USDT-SWAPshort	+0.0100%	4h	0.2433	−0.160%	$1.7M	$5.1M	20x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2432	−0.201%	$735K	$562K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2435	−0.078%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2433	−0.160%	$2.4M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2435	−0.078%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2433	−0.160%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2432	−0.194%	$202K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2435	−0.079%	$189K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2435	−0.078%	$36K	$237K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2435	−0.078%	$579	$3K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2434	−0.109%	$92K	$491K	10x	as long as short
BloFin EIGEN-USDT	+0.0121%	4h	0.2435	−0.078%	$352K	$134K	75x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2434	−0.135%	$55K	$175K	50x	as long as short
Lighter EIGEN	+0.0168%	1h	0.2440	+0.144%	$555K	$449K	5x	as long as short
Hyperliquid EIGEN	+0.0177%	1h	0.2440	+0.127%	$4.8M	$1.6M	5x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2436	−0.051%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2434	−0.139%	$849	—	15x	as long as short