Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h +0.166%

Price spread now: Kraken Futures against MEXC−0.050%7-day average +0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$740.741% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.425%+$43 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.050%, 7d avg +0.086%

Together, before fees+0.450%+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.135% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.086%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.425%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EIGEN_USDT	0.2371	0.0100	pay 0.0050% / 4h	1h 33m	$8.0M	$2.4M	125x
Short	Kraken Futures PF_EIGENUSD	0.2370	−0.0027	pay 0.0003% / 1h	33m 47s	$159K	$113K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$26.64
Price spread: −0.050% → +0.086%: −$13.54
Slippage, 4 orders: −$60.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$114.25
Costs to cover: 0.741%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 9 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 MEXC live order book, 4 min ago	2.11 bp	4.1 bp −$4	17.5 bp −$175	144.3 bp −$14.4K	doesn't fit
Sell Kraken Futures live order book, 9 min ago	6.31 bp	33.5 bp −$33	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	−0.0293%	4h	0.2371	0.000%	$9.1M	$7.3M	50x	as long as short
Kraken Futures PF_EIGENUSDshort	−0.0027%	1h	0.2370	−0.050%	$159K	$113K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2371	−0.017%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2369	−0.101%	—	$41	10x	as long as short
01 Exchange EIGENUSD	+0.0032%	1h	0.2369	−0.084%	$803	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.826%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0046%	4h	0.2371	0.000%	$348K	$113K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2376	+0.219%	$534K	$503K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2370	−0.042%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2375	+0.169%	$4.5M	$1.7M	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	0.2370	−0.032%	$44K	$26K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2371	0.000%	$8.0M	$19.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2372	+0.042%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2369	−0.084%	$712K	$577K	50x	as long as short
MEXC EIGEN_USDTlong	+0.0100%	4h	0.2371	long leg	$8.0M	$2.4M	125x
KuCoin EIGENUSDTM	+0.0100%	4h	0.2371	0.000%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2371	0.000%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2370	−0.042%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2368	−0.123%	$208K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2373	+0.084%	$183K	$2.6M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2373	+0.084%	$35K	$233K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2369	−0.084%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2372	+0.045%	$87K	$701K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2369	−0.084%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0448%	1h	0.2371	0.000%	$39K	$265K	50x	as long as short
Reya EIGENRUSDPERP	+0.0520%	1h	0.2369	−0.068%	$827	—	15x	as long as short