Funding arb · Price arb /

EIGEN

all EIGEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h −0.148%

Price spread now: BingX against Kraken Futures−0.529%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$346as in the Funding arb table

Net, price: spread back to 7d avg − costs−$352as in the Price arb table

costs, in and out, $10k−$3043.045% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.414%−$41 on $10k

Price spread, last 4 days (all we have)+0.546%+$55 · spread now −0.529%, 7d avg −0.057%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.471% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.529% now, against its 7-day average of −0.057%). If the spread goes back, that is −$47 on $10k: about 8.8 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.414%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EIGENUSD	0.2379	−0.0079	get 0.0010% / 1h	33m 29s	$159K	$116K	20x
Short	BingX EIGEN-USDC	0.2366	0.0100	get 0.0050% / 4h	3h 33m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.529%Rate

Funding earned: $37.51
Price spread: −0.529% → −0.057%: −$47.13
Slippage, 4 orders: −$284.49
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$314.11
Costs to cover: 3.045%
Break-even: 65.6 days

Slippage from Kraken Futures: live order book, 64 min ago; BingX: live order book, 1 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 Kraken Futures live order book, 64 min ago	4.22 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	6.32 bp	126.1 bp −$126	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	−0.6416%	1h	0.2319	−2.505%	$786	$5K	10x	as long as short
Bybit EIGENUSDT	−0.0727%	4h	0.2364	−0.592%	$8.9M	$7.4M	50x	as long as short
Deribit EIGEN_USDC-PERPETUAL	−0.0170%	1h	0.2378	−0.037%	—	$41	10x	as long as short
Kraken Futures PF_EIGENUSDlong	−0.0079%	1h	0.2379	long leg	$159K	$116K	20x
dYdX EIGEN-USD	0.0000%	1h	0.2369	−0.418%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+2.498%	$6	$6	5.5x	as long as short
Gate EIGEN_USDT	+0.0046%	4h	0.2368	−0.444%	$704K	$592K	50x	as long as short
Lighter EIGEN	+0.0096%	1h	0.2372	−0.285%	$533K	$495K	5x	as long as short
Nado EIGEN-PERP	+0.0100%	1h	0.2368	−0.444%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2370	−0.360%	$4.4M	$1.8M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EIGENUSDT	+0.0100%	4h	0.2370	−0.355%	$44K	$27K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2364	−0.613%	$8.0M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2364	−0.613%	$1.6M	$4.7M	20x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2367	−0.486%	$8.0M	$2.4M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2366	−0.529%	$2.4M	$9.6M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2367	−0.486%	$1.8M	$1.3M	75x	as long as short
BingX EIGEN-USDCshort	+0.0100%	4h	0.2366	−0.529%	—	$6.5M	—
Variational Omni EIGEN	+0.0100%	4h	0.2376	−0.104%	$218K	$145K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2377	−0.067%	$188K	$2.8M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2377	−0.066%	$35K	$233K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2378	−0.024%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2365	−0.587%	$87K	$691K	10x	as long as short
BloFin EIGEN-USDT	+0.0139%	4h	0.2372	−0.276%	$348K	$112K	75x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2375	−0.130%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0504%	1h	0.2380	+0.073%	$39K	$277K	50x	as long as short
Reya EIGENRUSDPERP	+0.0522%	1h	0.2374	−0.202%	$829	—	15x	as long as short