EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0589%/8h= +64.5% APRnext payment +$0.74 per $10,000 · paid last 24h −0.001%

Price spread now: Kraken Futures against Lighter−0.094%7-day average −0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1501.499% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.281%−$28 on $10k

Price spread, last 3 days (all we have)−0.186%−$19 · spread now −0.094%, 7d avg −0.157%

Together, before fees−0.468%+ Points / potential airdropLighter: Season 3 · farm board−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.063% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.157%. Mind the row above: over the last 7 days funding on this pair cost −0.281%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.281% in total (about -14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EIGEN	0.2399	0.0096	pay 0.0012% / 1h	47m 21s	$539K	$431K	5x
Short	Kraken Futures PF_EIGENUSD	0.2397	0.0685	get 0.0086% / 1h	47m 21s	$173K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.094%Rate

Funding earned: $123.66
Price spread: −0.094% → −0.157%: $6.26
Slippage, 4 orders: −$139.86
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$19.94
Costs to cover: 1.499%
Break-even: 8.1 days

Slippage from Lighter: live order book, 28 min ago; Kraken Futures: live order book, 35 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 Lighter live order book, 28 min ago	15.75 bp	21.0 bp −$21	81.1 bp −$811	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 35 min ago	18.60 bp	42.9 bp −$43	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
01 Exchange EIGENUSD	−0.0096%	1h	0.2396	−0.125%	$812	$5K	10x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0001%	1h	0.2394	−0.213%	—	$86	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2394	−0.218%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.626%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0090%	4h	0.2389	−0.417%	$345K	$137K	75x	as long as short
Lighter EIGENlong	+0.0096%	1h	0.2399	long leg	$539K	$431K	5x
Nado EIGEN-PERP	+0.0100%	1h	0.2397	−0.063%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2401	+0.083%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2396	−0.144%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2394	−0.215%	$8.1M	$20.2M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit EIGENUSDT	+0.0100%	4h	0.2394	−0.200%	$9.6M	$7.9M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2394	−0.208%	$1.6M	$5.0M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2392	−0.292%	$717K	$635K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2394	−0.208%	$8.6M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2396	−0.125%	$2.3M	$10.8M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2393	−0.250%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2394	−0.208%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2393	−0.238%	$200K	$154K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2392	−0.307%	$184K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2390	−0.375%	$35K	$236K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2393	−0.250%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2394	−0.215%	$90K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0194% / S −0.0568%	1h	0.2393	−0.247%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2397	−0.075%	$42K	$159K	50x	as long as short
Reya EIGENRUSDPERP	+0.0512%	1h	0.2396	−0.127%	$836	—	15x	as long as short
Kraken Futures PF_EIGENUSDshort	+0.0685%	1h	0.2397	−0.094%	$173K	$67K	20x