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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.210%
Price spread now: Kraken Futures against Bybit+0.147%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1211.211% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.565%+$56 on $10k
Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.147%, 7d avg +0.113%
Together, before fees+0.367%+$37 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EIGENUSDT0.23800.0100pay 0.0050% / 4h3h 22m$9.3M$7.1M50x
ShortKraken Futures PF_EIGENUSD0.23830.0109get 0.0014% / 1h22m 53s$162K$105K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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
$1.84
Price spread: +0.147% → +0.113%
$3.4
Slippage, 4 orders
−$100.06
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$115.82
Costs to cover
1.211%
Break-even
447.2 days
Slippage from Bybit: live order book, 5 min ago; Kraken Futures: live order book, 30 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 Bybit live order book, 5 min ago4.18 bp24.5 bp −$2554.2 bp −$542doesn't fitdoesn't fit
Sell Kraken Futures live order book, 30 min ago12.38 bp46.9 bp −$47doesn'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
dYdX EIGEN-USD0.0000%1h0.2385+0.199%$3K5xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+2.446%$6$65.5xas long as short
Deribit EIGEN_USDC-PERPETUAL+0.0044%1h0.2383+0.118%$4110xas long as short
BloFin EIGEN-USDT+0.0056%4h0.2383+0.134%$353K$115K75xas long as short
Lighter EIGEN+0.0096%1h0.2388+0.357%$537K$506K5xas long as short
Gate EIGEN_USDT+0.0098%4h0.2377−0.118%$717K$572K50xas long as short
Nado EIGEN-PERP+0.0100%1h0.2384+0.176%$37K$20K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2382+0.086%$44K$37K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2381+0.037%$8.2M$19.8M75xas long as short
Bybit EIGENUSDTlong+0.0100%4h0.2380long leg$9.3M$7.1M50x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EIGEN-USDT-SWAP+0.0100%4h0.2378−0.076%$1.6M$4.7M20xas long as short
MEXC EIGEN_USDT+0.0100%4h0.2380+0.008%$8.0M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.2382+0.092%$2.4M$9.9M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2381+0.050%$1.8M$1.4M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2379−0.034%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2388+0.326%$213K$135Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2387+0.309%$188K$2.4M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2390+0.429%$35K$230K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2383+0.134%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2381+0.036%$88K$517K10xas long as short
Kraken Futures PF_EIGENUSDshort+0.0109%1h0.2383+0.147%$162K$105K20x
01 Exchange EIGENUSD+0.0152%1h0.2383+0.134%$808$5K10xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2382+0.095%$2K100xas long as short
Hyperliquid EIGEN+0.0220%1h0.2385+0.219%$4.6M$1.7M5xas long as short
Coinbase International EIGEN-PERP-INTX+0.0312%1h0.2386+0.252%$39K$254K50xas long as short
Reya EIGENRUSDPERP+0.0519%1h0.2384+0.158%$83215xas long as short