Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0377%/8h= +41.3% APRpaid last 24h +0.184%

Price spread now: Kraken Futures against KuCoin+0.035%52s7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1521.524% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.442%+$44 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.035%, 7d avg +0.078%

Together, before fees+0.385%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.078%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$11 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EIGENUSDTM	0.2377	0.0100	pay 0.0050% / 4h	42m 25s	$2.3M	$10.1M	50x
Short	Kraken Futures PF_EIGENUSD	0.2378	0.0477	get 0.0060% / 1h	42m 25s	$162K	$105K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.035%Rate

Funding earned: $79.11
Price spread: +0.035% → +0.078%: −$4.3
Slippage, 4 orders: −$130.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$77.63
Costs to cover: 1.524%
Break-even: 13.9 days

Slippage from KuCoin: live order book, 6 min ago; Kraken Futures: live order book, 15 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 KuCoin live order book, 6 min ago	2.11 bp	53.3 bp −$53	964.2 bp −$9,642	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 15 min ago	6.24 bp	45.3 bp −$45	doesn't fit	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	−0.0092%	4h	0.2376	−0.042%	$9.2M	$7.3M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2379	+0.064%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2377	+0.008%	—	$41	10x	as long as short
01 Exchange EIGENUSD	+0.0032%	1h	0.2377	0.000%	$806	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.566%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0069%	4h	0.2374	−0.126%	$355K	$111K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2382	+0.198%	$535K	$504K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2377	0.000%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2381	+0.168%	$4.6M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2377	+0.013%	$44K	$37K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2377	−0.011%	$8.2M	$20.3M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2376	−0.042%	$1.6M	$4.8M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2374	−0.126%	$725K	$571K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2377	0.000%	$8.0M	$2.3M	125x	as long as short
KuCoin EIGENUSDTMlong	+0.0100%	4h	0.2377	long leg	$2.3M	$10.1M	50x
Bitget EIGENUSDT	+0.0100%	4h	0.2377	0.000%	$1.8M	$1.5M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2377	0.000%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2375	−0.082%	$193K	$124K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2376	−0.027%	$188K	$2.3M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2376	−0.042%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2377	0.000%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2376	−0.027%	$87K	$642K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2378	+0.036%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0280%	1h	0.2381	+0.172%	$40K	$247K	50x	as long as short
Kraken Futures PF_EIGENUSDshort	+0.0477%	1h	0.2378	+0.035%	$162K	$105K	20x
Reya EIGENRUSDPERP	+0.0517%	1h	0.2377	−0.011%	$830	—	15x	as long as short