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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.221%
Price spread now: Kraken Futures against BingX+0.163%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$290as in the Funding arb table
Net, price: spread back to 7d avg − costs−$313as in the Price arb table
costs, in and out, $10k−$3243.240% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.340%+$34 on $10k
Price spread, last 3 days (all we have)−0.207%−$21 · spread now +0.163%, 7d avg +0.056%
Together, before fees+0.133%+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.107% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX EIGEN-USDC0.23860.0100pay 0.0050% / 4h2h 06m$6.5M
ShortKraken Futures PF_EIGENUSD0.23900.0313get 0.0039% / 1h6m 49s$172K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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
$44.75
Price spread: +0.163% → +0.056%
$10.75
Slippage, 4 orders
−$303.97
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$268.48
Costs to cover
3.240%
Break-even
49.0 days
Slippage from BingX: live order book, 13 min ago; Kraken Futures: live order book, 16 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 BingX live order book, 13 min ago4.14 bp97.3 bp −$97doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 16 min ago18.60 bp42.9 bp −$43doesn'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
Deribit EIGEN_USDC-PERPETUAL−0.0211%1h0.2386+0.013%$8610xas long as short
01 Exchange EIGENUSD−0.0016%1h0.2388+0.084%$810$5K10xas long as short
dYdX EIGEN-USD0.0000%1h0.2379−0.298%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+2.179%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0077%4h0.2389+0.126%$350K$135K75xas long as short
Nado EIGEN-PERP+0.0100%1h0.2390+0.168%$29K$16K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2387+0.030%$46K$29K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2378−0.335%$8.1M$20.1M75xas long as short
Bybit EIGENUSDT+0.0100%4h0.2378−0.335%$9.5M$8.0M50xas long as short
OKX EIGEN-USDT-SWAP+0.0100%4h0.2376−0.419%$1.6M$5.0M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate EIGEN_USDT+0.0100%4h0.23860.000%$714K$674K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2385−0.042%$8.6M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.23860.000%$2.3M$10.8M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2373−0.545%$1.8M$1.4M75xas long as short
BingX EIGEN-USDClong+0.0100%4h0.2386long leg$6.5M
Variational Omni EIGEN+0.0100%4h0.2393+0.312%$201K$152Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2393+0.282%$187K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2394+0.335%$35K$236K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.23860.000%$2K$2K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2383−0.123%$90K$496K10xas long as short
Lighter EIGEN+0.0120%1h0.2379−0.272%$535K$436K5xas long as short
Coinbase International EIGEN-PERP-INTX+0.0144%1h0.2397+0.482%$42K$160K50xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0194% / S −0.0568%1h0.2387+0.031%$2K100xas long as short
Hyperliquid EIGEN+0.0254%1h0.23860.000%$4.7M$1.5M5xas long as short
Kraken Futures PF_EIGENUSDshort+0.0313%1h0.2390+0.163%$172K$68K20x
Reya EIGENRUSDPERP+0.0512%1h0.2387+0.058%$83315xas long as short