EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against KuCoin+0.029%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$950.952% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.029%, 7d avg −0.025%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.025%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EIGENUSDTM	0.2421	0.0100	pay 0.0050% / 4h	24m 01s	$2.3M	$10.5M	50x
Short	Bybit EIGENUSDT	0.2422	0.0036	get 0.0018% / 4h	24m 01s	$9.7M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$13.46
Price spread: +0.029% → −0.025%: $5.4
Slippage, 4 orders: −$72.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$103.28
Costs to cover: 0.952%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 4 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 KuCoin live order book, 4 min ago	4.12 bp	30.8 bp −$31	806.4 bp −$8,064	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.12 bp	20.4 bp −$20	51.7 bp −$517	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
Deribit EIGEN_USDC-PERPETUAL	−0.0122%	1h	0.2420	−0.029%	—	$86	10x	as long as short
01 Exchange EIGENUSD	−0.0104%	1h	0.2420	−0.041%	$821	$5K	10x	as long as short
Kraken Futures PF_EIGENUSD	−0.0016%	1h	0.2423	+0.099%	$174K	$69K	20x	as long as short
dYdX EIGEN-USD	0.0000%	1h	0.2423	+0.070%	$3K	—	5x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+0.702%	$6	$6	5.5x	as long as short
Bybit EIGENUSDTshort	+0.0036%	4h	0.2422	+0.029%	$9.7M	$7.7M	50x
Nado EIGEN-PERP	+0.0100%	1h	0.2422	+0.062%	$32K	$18K	3x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2423	+0.072%	$46K	$30K	5x	as long as short
Binance EIGENUSDT	+0.0100%	4h	0.2420	−0.049%	$8.3M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2418	−0.124%	$1.6M	$5.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EIGEN_USDT	+0.0100%	4h	0.2420	−0.041%	$732K	$642K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2420	−0.041%	$8.5M	$2.3M	125x	as long as short
KuCoin EIGENUSDTMlong	+0.0100%	4h	0.2421	long leg	$2.3M	$10.5M	50x
Bitget EIGENUSDT	+0.0100%	4h	0.2422	+0.041%	$1.9M	$1.3M	75x	as long as short
BingX EIGEN-USDC	+0.0100%	4h	0.2420	−0.041%	—	$6.5M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2429	+0.340%	$202K	$125K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2429	+0.337%	$189K	$2.2M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2430	+0.372%	$36K	$237K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2422	+0.041%	$2K	$1K	10x	as long as short
BloFin EIGEN-USDT	+0.0102%	4h	0.2432	+0.454%	$354K	$134K	75x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2419	−0.072%	$92K	$496K	10x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0160%	1h	0.2423	+0.087%	$42K	$158K	50x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2422	+0.027%	$2K	—	100x	as long as short
Hyperliquid EIGEN	+0.0437%	1h	0.2428	+0.289%	$4.8M	$1.6M	5x	as long as short
Reya EIGENRUSDPERP	+0.0514%	1h	0.2421	−0.008%	$845	—	15x	as long as short
Lighter EIGEN	+0.0536%	1h	0.2426	+0.194%	$558K	$443K	5x	as long as short