EIGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0377%/8h= +41.3% APRnext payment +$0.47 per $10,000 · paid last 24h +0.009%

Price spread now: Kraken Futures against Lighter−0.218%7-day average −0.156% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now −0.218%, 7d avg −0.156%

Together, before fees−0.385%+ Points / potential airdropLighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.062% cheaper against Lighter than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of −0.156%). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.245%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.245% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EIGEN	0.2401	0.0096	pay 0.0012% / 1h	15m 40s	$540K	$504K	5x
Short	Kraken Futures PF_EIGENUSD	0.2396	0.0473	get 0.0059% / 1h	15m 40s	$163K	$105K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.218%Rate

Funding earned: $79.2
Price spread: −0.218% → −0.156%: −$6.23
Slippage, 4 orders: −$82.35
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$19.38
Costs to cover: 0.923%
Break-even: 8.7 days

Slippage from Lighter: live order book, 35 min ago; Kraken Futures: live order book, 42 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 Lighter live order book, 35 min ago	13.00 bp	14.2 bp −$14	84.9 bp −$849	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 42 min ago	6.24 bp	45.3 bp −$45	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
dYdX EIGEN-USD	0.0000%	1h	0.2391	−0.436%	$3K	—	5x	as long as short
Deribit EIGEN_USDC-PERPETUAL	0.0000%	1h	0.2394	−0.287%	—	$41	10x	as long as short
Bybit EIGENUSDT	+0.0009%	4h	0.2394	−0.292%	$9.3M	$7.3M	50x	as long as short
01 Exchange EIGENUSD	+0.0032%	1h	0.2393	−0.333%	$811	$5K	10x	as long as short
Injective EIGEN/USDC PERP	+0.0033%	1h	0.2438	+1.541%	$6	$6	5.5x	as long as short
BloFin EIGEN-USDT	+0.0074%	4h	0.2394	−0.292%	$355K	$113K	75x	as long as short
Lighter EIGENlong	+0.0096%	1h	0.2401	long leg	$540K	$504K	5x
Nado EIGEN-PERP	+0.0100%	1h	0.2394	−0.271%	$36K	$20K	3x	as long as short
Hyperliquid EIGEN	+0.0100%	1h	0.2400	−0.042%	$4.6M	$1.7M	5x	as long as short
Aster EIGENUSDT	+0.0100%	4h	0.2392	−0.393%	$44K	$37K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EIGENUSDT	+0.0100%	4h	0.2394	−0.274%	$8.3M	$20.1M	75x	as long as short
OKX EIGEN-USDT-SWAP	+0.0100%	4h	0.2394	−0.292%	$1.6M	$4.9M	20x	as long as short
Gate EIGEN_USDT	+0.0100%	4h	0.2390	−0.458%	$728K	$576K	50x	as long as short
MEXC EIGEN_USDT	+0.0100%	4h	0.2393	−0.333%	$8.1M	$2.3M	125x	as long as short
KuCoin EIGENUSDTM	+0.0100%	4h	0.2393	−0.333%	$2.4M	$10.1M	50x	as long as short
Bitget EIGENUSDT	+0.0100%	4h	0.2393	−0.333%	$1.9M	$1.4M	75x	as long as short
BingX EIGEN-USDT	+0.0100%	4h	0.2394	−0.292%	—	$1.6M	—	as long as short
Variational Omni EIGEN	+0.0100%	4h	0.2393	−0.330%	$209K	$134K	—	as long as short
GRVT EIGEN_USDT_Perp	+0.0100%	4h	0.2389	−0.496%	$190K	$2.3M	10x	as long as short
ApeX Omni EIGENUSDT	+0.0100%	1h	0.2389	−0.500%	$35K	$230K	50x	as long as short
Orderly PERP_EIGEN_USDC_mythos	+0.0100%	4h	0.2394	−0.292%	$1K	$4K	10x	as long as short
Extended EIGEN-USD	+0.0104%	1h	0.2392	−0.358%	$88K	$639K	10x	as long as short
GMX EIGEN/USD [ETH-USDC]	L +0.0195% / S −0.0568%	1h	0.2393	−0.328%	$2K	—	100x	as long as short
Coinbase International EIGEN-PERP-INTX	+0.0280%	1h	0.2395	−0.242%	$39K	$251K	50x	as long as short
Kraken Futures PF_EIGENUSDshort	+0.0473%	1h	0.2396	−0.218%	$163K	$105K	20x
Reya EIGENRUSDPERP	+0.0518%	1h	0.2395	−0.247%	$836	—	15x	as long as short