EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0581%/8h= +63.6% APRnext payment +$0.73 per $10,000 · paid last 24h +0.215%

Price spread now: Kraken Futures against ApeX Omni+0.225%75s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1441.436% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.352%+$35 on $10k

Price spread, last 3 days (all we have)−0.307%−$31 · spread now +0.225%, 7d avg +0.042%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.183% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.042%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.352% in total (about 18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.73 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	ApeX Omni EIGENUSDT	0.2406	0.0100	pay 0.0013% / 1h	5m 38s	$35K	$236K	50x
Short	Kraken Futures PF_EIGENUSD	0.2411	0.0681	get 0.0085% / 1h	5m 38s	$174K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.225%Rate

Funding earned: $121.95
Price spread: +0.225% → +0.042%: $18.25
Slippage, 4 orders: −$123.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$3.4
Costs to cover: 1.436%
Break-even: 7.2 days

Slippage from ApeX Omni: live order book, 11 min ago; Kraken Futures: live order book, 12 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 ApeX Omni live order book, 11 min ago	10.40 bp	26.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 12 min ago	6.23 bp	44.4 bp −$44	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	−0.0104%	1h	0.2409	+0.125%	$817	$5K	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2409	+0.145%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2411	+0.195%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.330%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0089%	4h	0.2404	−0.083%	$347K	$133K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2412	+0.270%	$542K	$431K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2410	+0.187%	$28K	$17K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2414	+0.333%	$4.7M	$1.5M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2409	+0.135%	$44K	$29K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2410	+0.166%	$8.2M	$20.0M	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	0.2409	+0.121%	$9.6M	$7.7M	50x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2411	+0.208%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2409	+0.125%	$725K	$643K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2409	+0.125%	$8.7M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2409	+0.125%	$2.3M	$10.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2409	+0.125%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2409	+0.125%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2404	−0.076%	$200K	$127K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2406	+0.014%	$185K	$2.1M	10x	as long as short
ApeX Omni EIGENUSDTlong	+0.0100%	1h	0.2406	long leg	$35K	$236K	50x
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2411	+0.208%	$2K	$1K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2410	+0.165%	$91K	$496K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2411	+0.220%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0200%	1h	0.2409	+0.133%	$42K	$158K	50x	as long as short
Reya EIGENRUSDPERP	+0.0513%	1h	0.2412	+0.241%	$842	—	15x	as long as short
Kraken Futures PF_EIGENUSDshort	+0.0681%	1h	0.2411	+0.225%	$174K	$68K	20x