Funding you earn now, next payment 06:00 UTC−0.0227%/8h= −24.9% APRnext payment −$0.28 per $10,000 · paid last 24h −0.019%
Price spread now: Lighter against Kraken Futures+0.059%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$910.908% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 4 days (all we have)+0.164%+$16 · spread now +0.059%, 7d avg +0.159%
=Together, before fees+0.394%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.100% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.159%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.230%, 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 | Kraken Futures PF_EIGENUSD | 0.2401 | 0.0323 | pay 0.0040% / 1h | 1m 38s | $161K | $112K | 20x |
| Short | Lighter EIGEN | 0.2403 | 0.0096 | get 0.0012% / 1h | 1m 38s | $540K | $508K | 5x |
Kraken Futures PF_EIGENUSD
Lighter EIGENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$47.71
- Price spread: +0.059% → +0.159%
- −$10
- Slippage, 4 orders
- −$80.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$148.51
- Costs to cover
- 0.908%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 46 min ago; Lighter: live order book, 39 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, 46 min ago | 6.28 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 12.64 bp | 12.7 bp −$13 | 73.5 bp −$735 | 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 | −0.0340% | 4h | 0.2398 | −0.141% | $9.3M | $7.2M | 50x | as long as short |
| 01 Exchange EIGENUSD | −0.0032% | 1h | 0.2398 | −0.141% | $813 | $5K | 10x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2401 | −0.036% | $3K | — | 5x | as long as short |
| Deribit EIGEN_USDC-PERPETUAL | 0.0000% | 1h | 0.2399 | −0.079% | — | $41 | 10x | as long as short |
| 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 EIGENshort | +0.0096% | 1h | 0.2403 | +0.059% | $540K | $508K | 5x | |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2399 | −0.079% | $37K | $20K | 3x | as long as short |
| Hyperliquid EIGEN | +0.0100% | 1h | 0.2404 | +0.109% | $4.6M | $1.7M | 5x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2399 | −0.114% | $44K | $26K | 5x | as long as short |
Bybit EIGENUSDT
01 Exchange EIGENUSD
dYdX EIGEN-USD
Deribit EIGEN_USDC-PERPETUAL
Injective EIGEN/USDC PERP
BloFin EIGEN-USDT
Nado EIGEN-PERP
Hyperliquid EIGEN
Aster EIGENUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance EIGENUSDT | +0.0100% | 4h | 0.2398 | −0.141% | $8.1M | $19.9M | 75x | as long as short |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2397 | −0.183% | $1.6M | $4.8M | 20x | as long as short |
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2397 | −0.183% | $721K | $584K | 50x | as long as short |
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2398 | −0.141% | $8.1M | $2.4M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2399 | −0.100% | $2.4M | $9.9M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2398 | −0.141% | $1.8M | $1.4M | 75x | as long as short |
| BingX EIGEN-USDT | +0.0100% | 4h | 0.2398 | −0.141% | — | $1.6M | — | 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 | 0.2400 | −0.069% | $190K | $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 | 0.2399 | −0.100% | $1K | $4K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2398 | −0.152% | $89K | $722K | 10x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0195% / S −0.0568% | 1h | 0.2399 | −0.100% | $2K | — | 100x | as long as short |
| Kraken Futures PF_EIGENUSDlong | +0.0323% | 1h | 0.2401 | long leg | $161K | $112K | 20x | |
| Coinbase International EIGEN-PERP-INTX | +0.0360% | 1h | 0.2405 | +0.167% | $39K | $272K | 50x | as long as short |
| Reya EIGENRUSDPERP | +0.0520% | 1h | 0.2399 | −0.101% | $837 | — | 15x | as long as short |
Binance EIGENUSDT
OKX EIGEN-USDT-SWAP
Gate EIGEN_USDT
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDT
Variational Omni EIGEN
GRVT EIGEN_USDT_Perp
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
GMX EIGEN/USD [ETH-USDC]
Coinbase International EIGEN-PERP-INTX
Reya EIGENRUSDPERP