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: Kraken Futures against Aster+0.046%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.046% dearer against Aster than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EIGENUSDT	0.2431	0.0100	pay 0.0050% / 4h	3h 55m	$48K	$34K	5x
Short	Kraken Futures PF_EIGENUSD	0.2432	−0.0097	pay 0.0012% / 1h	55m 04s	$176K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$41.41
Price spread: +0.046% → 0.000%: $4.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$54.78
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Kraken Futures: live order book, 17 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 17 min ago	4.13 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0244%	1h	0.2428	−0.120%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0152%	1h	0.2429	−0.071%	$824	$5K	10x	as long as short
Kraken Futures PF_EIGENUSDshort	−0.0097%	1h	0.2432	+0.046%	$176K	$75K	20x
Bybit EIGENUSDT	−0.0083%	4h	0.2431	+0.011%	$9.7M	$7.7M	50x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2435	+0.176%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.299%	$6	$6	5.5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2431	+0.032%	$32K	$18K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2434	+0.135%	$4.8M	$1.6M	5x	as long as short
Aster EIGENUSDTlong	+0.0100%	4h	0.2431	long leg	$48K	$34K	5x
Binance EIGENUSDT	+0.0100%	4h	0.2430	−0.030%	$8.3M	$20.4M	75x	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	0.2430	−0.030%	$1.7M	$5.1M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2431	+0.011%	$734K	$563K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2430	−0.030%	$8.6M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2431	+0.011%	$2.4M	$10.5M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2430	−0.030%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2429	−0.071%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2440	+0.389%	$203K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2437	+0.250%	$189K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2437	+0.258%	$36K	$237K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2428	−0.112%	$577	$3K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2430	−0.020%	$92K	$491K	10x	as long as short
BloFin EIGEN-USDT	+0.0131%	4h	0.2442	+0.464%	$354K	$134K	75x	as long as short
Lighter EIGEN	+0.0136%	1h	0.2434	+0.126%	$554K	$449K	5x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0144%	1h	0.2428	−0.108%	$55K	$174K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2428	−0.094%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2428	−0.121%	$847	—	15x	as long as short