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

EIGEN

all EIGEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h +0.215%
Price spread now: Kraken Futures against OKX+0.100%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1271.274% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.374%+$37 on $10k
Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.100%, 7d avg +0.098%
Together, before fees+0.221%+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.098%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.374% in total (about 19.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EIGEN-USDT-SWAP0.24090.0100pay 0.0050% / 4h1h 05m$1.6M$4.9M20x
ShortKraken Futures PF_EIGENUSD0.24110.0681get 0.0085% / 1h5m 58s$174K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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
$121.95
Price spread: +0.100% → +0.098%
$0.24
Slippage, 4 orders
−$107.4
Fee OKX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$5.21
Costs to cover
1.274%
Break-even
7.3 days
Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 11 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 OKX live order book, 2 min ago2.08 bp17.5 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 11 min ago6.23 bp44.4 bp −$44doesn't fitdoesn't fitdoesn't fit

EIGEN on 26 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
01 Exchange EIGENUSD−0.0104%1h0.2411+0.083%$818$5K10xas long as short
dYdX EIGEN-USD0.0000%1h0.2407−0.096%$3K5xas long as short
Deribit EIGEN_USDC-PERPETUAL0.0000%1h0.2411+0.071%$8610xas long as short
Injective EIGEN/USDC PERP+0.0033%1h0.2438+1.204%$6$65.5xas long as short
BloFin EIGEN-USDT+0.0089%4h0.2404−0.208%$347K$133K75xas long as short
Lighter EIGEN+0.0096%1h0.2413+0.149%$542K$431K5xas long as short
Nado EIGEN-PERP+0.0100%1h0.2410+0.062%$28K$17K3xas long as short
Hyperliquid EIGEN+0.0100%1h0.2414+0.208%$4.7M$1.5M5xas long as short
Aster EIGENUSDT+0.0100%4h0.2411+0.066%$44K$29K5xas long as short
Binance EIGENUSDT+0.0100%4h0.2409−0.019%$8.2M$20.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EIGENUSDT+0.0100%4h0.2408−0.042%$9.6M$7.7M50xas long as short
OKX EIGEN-USDT-SWAPlong+0.0100%4h0.2409long leg$1.6M$4.9M20x
Gate EIGEN_USDT+0.0100%4h0.2407−0.083%$720K$639K50xas long as short
MEXC EIGEN_USDT+0.0100%4h0.24090.000%$8.7M$2.3M125xas long as short
KuCoin EIGENUSDTM+0.0100%4h0.24090.000%$2.3M$10.6M50xas long as short
Bitget EIGENUSDT+0.0100%4h0.2408−0.042%$1.8M$1.3M75xas long as short
BingX EIGEN-USDC+0.0100%4h0.2410+0.042%$6.5Mas long as short
Variational Omni EIGEN+0.0100%4h0.2404−0.200%$200K$127Kas long as short
GRVT EIGEN_USDT_Perp+0.0100%4h0.2406−0.111%$185K$2.1M10xas long as short
ApeX Omni EIGENUSDT+0.0100%1h0.2406−0.125%$35K$236K50xas long as short
Orderly PERP_EIGEN_USDC_mythos+0.0100%4h0.2411+0.083%$2K$1K10xas long as short
Extended EIGEN-USD+0.0104%1h0.24090.000%$91K$496K10xas long as short
GMX EIGEN/USD [ETH-USDC]L +0.0195% / S −0.0568%1h0.2411+0.095%$2K100xas long as short
Coinbase International EIGEN-PERP-INTX+0.0200%1h0.2409+0.008%$42K$158K50xas long as short
Reya EIGENRUSDPERP+0.0513%1h0.2412+0.117%$84215xas long as short
Kraken Futures PF_EIGENUSDshort+0.0681%1h0.2411+0.100%$174K$68K20x