Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.3902%/8h= +427.3% APRpaid last 24h −0.019%

Price spread now: Kraken Futures against Bitget+0.116%7-day average −0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$443as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$3113.108% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.323%−$132 on $10k

Price spread, last 4 days (all we have)−0.401%−$40 · spread now +0.116%, 7d avg −0.130%

Together, before fees−1.724%−$172 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$117 a day on $10k at the current rate, and Kraken Futures is 0.246% dearer against Bitget than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.130%. Mind the row above: over the last 7 days funding on this pair cost −1.323%, 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 -1.323% in total (about -69.0% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUBARAKUSDT	0.04641	0.0350	pay 0.0175% / 4h	47m 29s	$3.0M	$7.6M	25x
Short	Kraken Futures PF_MUBARAKUSD	0.04646	0.4252	get 0.0531% / 1h	47m 29s	$58K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.116%Rate

Funding earned: $819.42
Price spread: +0.116% → −0.130%: $24.62
Slippage, 4 orders: −$288.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $533.28
Costs to cover: 3.108%
Break-even: 2.4 days

Slippage from Bitget: live order book, 6 min ago; Kraken Futures: live order book, 10 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 Bitget live order book, 6 min ago	6.42 bp	22.2 bp −$22	94.1 bp −$941	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 10 min ago	47.95 bp	57.7 bp −$58	doesn't fit	doesn't fit	doesn't fit

MUBARAK on 11 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
OKX MUBARAK-USDT-SWAP	+0.0100%	4h	0.04632	−0.194%	$2.8M	$58.5M	20x	as long as short
Variational Omni MUBARAK	+0.0100%	4h	0.04663	+0.468%	$12K	$55K	—	as long as short
Binance MUBARAKUSDT	+0.0205%	4h	0.04637	−0.096%	$17.4M	$93.0M	25x	as long as short
MEXC MUBARAK_USDT	+0.0206%	4h	0.04646	+0.108%	$935K	$1.5M	50x	as long as short
Bybit MUBARAKUSDT	+0.0246%	4h	0.04632	−0.203%	$3.4M	$11.3M	25x	as long as short
KuCoin MUBARAKUSDTM	+0.0316%	4h	0.04639	−0.043%	$1.7M	$1.1M	30x	as long as short
Bitget MUBARAKUSDTlong	+0.0350%	4h	0.04641	long leg	$3.0M	$7.6M	25x
BingX MUBARAK-USDT	+0.0352%	4h	0.04634	−0.151%	—	$3.2M	—	as long as short
Aster MUBARAKUSDT	+0.0456%	4h	0.04633	−0.172%	$17K	$464K	5x	as long as short
Gate MUBARAK_USDT	+0.1304%	4h	0.04637	−0.086%	$7.3M	$5.4M	50x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MUBARAKUSDshort	+0.4252%	1h	0.04646	+0.116%	$58K	$438K	10x