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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0498%/8h= +54.5% APRpaid last 24h +0.190%
Price spread now: Kraken Futures against Gate+0.173%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1331.325% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.363%+$36 on $10k
Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.173%, 7d avg +0.098%
Together, before fees+0.186%+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.075% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EIGEN_USDT0.24080.0100pay 0.0050% / 4h2h 01m$738K$605K50x
ShortKraken Futures PF_EIGENUSD0.24120.0598get 0.0075% / 1h1m 36s$165K$98K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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
$104.49
Price spread: +0.173% → +0.098%
$7.5
Slippage, 4 orders
−$107.54
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$20.54
Costs to cover
1.325%
Break-even
8.4 days
Slippage from Gate: live order book, 65 min ago; Kraken Futures: live order book, 1 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 Gate live order book, 65 min ago4.10 bp32.9 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago10.36 bp40.3 bp −$40doesn't fitdoesn't fitdoesn't fit

EIGEN on 25 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%1h0.2409+0.022%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2412+0.145%$4110xas long as short
Bybit EIGENUSDT+0.0025%4h0.2407−0.050%$9.4M$7.7M50xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.246%$6$65.5xas long as short
01 Exchange EIGENUSD+0.0064%1h0.2407−0.042%$816$5K10xas long as short
Lighter EIGEN+0.0096%1h0.2413+0.203%$542K$505K5xas long as short
Coinbase International EIGEN-PERP-INTX+0.0096%1h0.2413+0.208%$40K$236K50xas long as short
Nado EIGEN-PERP+0.0100%1h0.2412+0.166%$36K$20K3xas long as short
Aster EIGENUSDT+0.0100%4h0.2412+0.149%$45K$39K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2407−0.037%$8.3M$20.8M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EIGEN-USDT-SWAP+0.0100%4h0.2407−0.042%$1.6M$5.0M20xas long as short
Gate EIGEN_USDTlong+0.0100%4h0.2408long leg$738K$605K50x
MEXC EIGEN_USDT+0.0100%4h0.2407−0.042%$8.2M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.24080.000%$2.4M$10.4M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2407−0.042%$1.9M$1.5M75xas long as short
BingX EIGEN-USDT+0.0100%4h0.2410+0.083%$1.6Mas long as short
Variational Omni EIGEN+0.0100%4h0.2405−0.121%$195K$124Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2409+0.030%$191K$2.2M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2406−0.083%$35K$230K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2412+0.166%$1K$4K10xas long as short
Extended EIGEN-USD+0.0104%1h0.2407−0.038%$89K$639K10xas long as short
Hyperliquid EIGEN+0.0123%1h0.2415+0.291%$4.7M$1.7M5xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2412+0.174%$2K100xas long as short
Reya EIGENRUSDPERP+0.0516%1h0.2412+0.185%$84215xas long as short
Kraken Futures PF_EIGENUSDshort+0.0598%1h0.2412+0.173%$165K$98K20x