Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: KuCoin against Deribit−0.058%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.058% cheaper against Deribit than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit EIGEN_USDC-PERPETUAL	0.2401	0	get 0.0000% / 1h	3m 04s	—	$41	10x
Short	KuCoin EIGENUSDTM	0.2400	0.0100	get 0.0050% / 4h	2h 03m	$2.4M	$9.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.058%Rate

Funding earned: $21
Price spread: −0.058% → 0.000%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.83
Costs to cover: 0.190%
Break-even: 8.3 days

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 5 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 Deribit no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	2.09 bp	37.4 bp −$37	237.4 bp −$2,374	doesn't fit	doesn't fit

Deribit: 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
Bybit EIGENUSDT	−0.0339%	4h	0.2400	−0.058%	$9.3M	$7.2M	50x	as long as short
01 Exchange EIGENUSD	−0.0032%	1h	0.2400	−0.058%	$814	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2401	−0.037%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUALlong	0.0000%	1h	0.2401	long leg	—	$41	10x
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.524%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0094%	4h	0.2400	−0.058%	$347K	$114K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2407	+0.246%	$541K	$508K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2402	+0.004%	$37K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2406	+0.192%	$4.6M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2401	−0.002%	$45K	$26K	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	0.2401	−0.004%	$8.2M	$19.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2400	−0.058%	$1.6M	$4.8M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2399	−0.100%	$721K	$584K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2400	−0.058%	$8.1M	$2.4M	125x	as long as short
KuCoin EIGENUSDTMshort	+0.0100%	4h	0.2400	−0.058%	$2.4M	$9.9M	50x
Bitget EIGENUSDT	+0.0100%	4h	0.2400	−0.058%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2400	−0.058%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2397	−0.180%	$210K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2398	−0.151%	$192K	$2.5M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2403	+0.067%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2401	−0.017%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2401	−0.007%	$89K	$722K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2400	−0.045%	$2K	—	100x	as long as short
Kraken Futures PF_EIGENUSD	+0.0323%	1h	0.2403	+0.059%	$161K	$112K	20x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0360%	1h	0.2405	+0.167%	$39K	$272K	50x	as long as short
Reya EIGENRUSDPERP	+0.0520%	1h	0.2401	−0.022%	$838	—	15x	as long as short