Settings8H · net · $10k
Funding arb · Price arb /

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.174%
Price spread now: Kraken Futures against MEXC+0.154%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$720.724% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.418%+$42 on $10k
Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.154%, 7d avg +0.085%
Together, before fees+0.214%+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.068% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC EIGEN_USDT0.24000.0100pay 0.0050% / 4h2h 05m$8.1M$2.4M125x
ShortKraken Futures PF_EIGENUSD0.24040.0323get 0.0040% / 1h5m 15s$161K$112K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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

Funding earned
$46.8
Price spread: +0.154% → +0.085%
$6.85
Slippage, 4 orders
−$58.38
Fee MEXC: 2 bp × 2 orders
−$4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$18.73
Costs to cover
0.724%
Break-even
9.8 days
Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago2.09 bp4.1 bp −$417.4 bp −$174140.5 bp −$14.0Kdoesn't fit
Sell Kraken Futures live order book, 42 min ago6.28 bp36.0 bp −$36doesn't fitdoesn't fitdoesn't fit

EIGEN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EIGENUSDT−0.0332%4h0.2402+0.075%$9.3M$7.2M50xas long as short
01 Exchange EIGENUSD−0.0040%1h0.2401+0.042%$814$5K10xas long as short
dYdX EIGEN-USD0.0000%1h0.2399−0.062%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2402+0.075%$4110xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.583%$6$65.5xas long as short
Lighter EIGEN+0.0096%1h0.2408+0.317%$541K$508K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2401+0.062%$37K$20K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2405+0.208%$4.6M$1.7M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2400+0.017%$45K$26K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2401+0.026%$8.2M$19.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EIGEN-USDT-SWAP+0.0100%4h0.2401+0.042%$1.6M$4.8M20xas long as short
Gate EIGEN_USDT+0.0100%4h0.2399−0.042%$722K$583K50xas long as short
MEXC EIGEN_USDTlong+0.0100%4h0.2400long leg$8.1M$2.4M125x
KuCoin EIGENUSDTM+0.0100%4h0.24000.000%$2.4M$9.9M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.24000.000%$1.8M$1.4M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.24000.000%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2397−0.122%$210K$138Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2398−0.093%$192K$2.5M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2397−0.125%$35K$232K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2404+0.167%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2401+0.060%$89K$722K10xas long as short
BloFin EIGEN-USDT+0.0150%4h0.2397−0.125%$347K$114K75xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2402+0.074%$2K100xas long as short
Kraken Futures PF_EIGENUSDshort+0.0323%1h0.2404+0.154%$161K$112K20x
Coinbase International EIGEN-PERP-INTX+0.0360%1h0.2406+0.229%$39K$272K50xas long as short
Reya EIGENRUSDPERP+0.0520%1h0.2400+0.016%$83815xas long as short