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 −0.170%

Price spread now: Orderly against Kraken Futures−0.034%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Orderly

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—needs both histories

Funding pays, the price is against you. Orderly is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EIGENUSD	0.2387	−0.0027	get 0.0003% / 1h	45m 06s	$161K	$113K	20x
Short	Orderly PERP_EIGEN_USDC_mythos	0.2386	0.0100	get 0.0050% / 4h	1h 45m	$1K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 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 Kraken FuturesbpFee OrderlybpOrdersPrice spread, now −0.034%Rate

Funding earned: $26.6
Price spread: −0.034% → 0.000%: −$3.35
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.24
Costs to cover: 0.160%
Break-even: 5.1 days

Slippage unknown: Kraken Futures: live order book, 62 min ago; Orderly: no order-book sample. 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 Kraken Futures live order book, 62 min ago	6.28 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0269%	4h	0.2384	−0.117%	$9.2M	$7.3M	50x	as long as short
Kraken Futures PF_EIGENUSDlong	−0.0027%	1h	0.2387	long leg	$161K	$113K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2380	−0.285%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2386	−0.029%	—	$41	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.145%	$6	$6	5.5x	as long as short
01 Exchange EIGENUSD	+0.0064%	1h	0.2379	−0.327%	$807	$5K	10x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2391	+0.189%	$537K	$503K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2384	−0.117%	$37K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2391	+0.176%	$4.5M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2386	−0.048%	$44K	$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	0.2386	−0.033%	$8.1M	$19.9M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2383	−0.159%	$1.6M	$4.7M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2383	−0.159%	$716K	$576K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2386	−0.034%	$8.0M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2386	−0.034%	$2.4M	$9.9M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2384	−0.117%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2383	−0.159%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2378	−0.365%	$209K	$138K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2380	−0.285%	$183K	$2.6M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2382	−0.201%	$35K	$232K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythosshort	+0.0100%	4h	0.2386	−0.034%	$1K	$4K	10x
Extended EIGEN-USD	+0.0104%	1h	0.2386	−0.022%	$88K	$726K	10x	as long as short
BloFin EIGEN-USDT	+0.0120%	4h	0.2382	−0.201%	$350K	$113K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2386	−0.014%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0448%	1h	0.2384	−0.109%	$39K	$266K	50x	as long as short
Reya EIGENRUSDPERP	+0.0520%	1h	0.2384	−0.114%	$832	—	15x	as long as short