Funding arb · Price arb /

EIGEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0330%/8hpaid last 24h −0.241%

Price spread now: Aster against Kraken Futures−0.162%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.162% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 39 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EIGENUSD	0.2403	−0.0230	get 0.0029% / 1h	5m 54s	$174K	$72K	20x
Short	Aster EIGENUSDT	0.2399	0.0100	get 0.0050% / 4h	5m 54s	$44K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.162%Rate

Funding earned: $69.34
Price spread: −0.162% → 0.000%: −$16.21
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $35.14
Costs to cover: 0.180%
Break-even: 3.5 days

Slippage unknown: Kraken Futures: live order book, 25 min ago; Aster: no order-book sample. Net counts fees only.

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 Kraken Futures live order book, 25 min ago	14.51 bp	50.4 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit EIGENUSDT	−0.0287%	4h	0.2396	−0.297%	$9.6M	$7.9M	50x	as long as short
Kraken Futures PF_EIGENUSDlong	−0.0230%	1h	0.2403	long leg	$174K	$72K	20x
01 Exchange EIGENUSD	−0.0088%	1h	0.2396	−0.297%	$763	$60	10x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2400	−0.130%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2398	−0.222%	—	$86	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.451%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0083%	4h	0.2403	−0.005%	$353K	$133K	75x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2401	−0.097%	$542K	$350K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2398	−0.214%	$27K	$15K	3x	as long as short
Aster EIGENUSDTshort	+0.0100%	4h	0.2399	−0.162%	$44K	$24K	5x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2397	−0.265%	$8.1M	$19.4M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2395	−0.338%	$1.7M	$4.8M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2396	−0.297%	$714K	$678K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2396	−0.297%	$8.2M	$2.2M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2398	−0.214%	$2.4M	$10.4M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2395	−0.338%	$1.8M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2397	−0.255%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2404	+0.056%	$199K	$143K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2405	+0.076%	$186K	$1.9M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2410	+0.286%	$35K	$234K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2398	−0.214%	$2K	$2K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2396	−0.300%	$89K	$494K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0152%	1h	0.2399	−0.189%	$41K	$156K	50x	as long as short
Hyperliquid EIGEN	+0.0162%	1h	0.2403	−0.005%	$4.8M	$1.5M	5x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2398	−0.206%	$2K	—	100x	as long as short
Reya EIGENRUSDPERP	+0.0510%	1h	0.2397	−0.266%	$837	—	15x	as long as short