Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1710%/8h= −187.3% APRpaid last 24h +0.016%

Price spread now: Binance against Kraken Futures+0.260%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$2072.069% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+1.380%+$138 on $10k

Price spread, last 3 days (all we have)−0.055%−$5 · spread now +0.260%, 7d avg +0.102%

Together, before fees+1.325%+$133 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.158% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.260% now, against its 7-day average of +0.102%): +$16 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +1.380%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MUBARAKUSD	0.04380	0.1810	pay 0.0226% / 1h	58m 38s	$65K	$417K	10x
Short	Binance MUBARAKUSDT	0.04391	0.0100	get 0.0050% / 4h	3h 58m	$15.9M	$86.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.260%Rate

Funding earned: −$359.13
Price spread: +0.260% → +0.102%: $15.76
Slippage, 4 orders: −$186.91
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$550.29
Costs to cover: 2.069%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 14 min ago; Binance: live order book, 14 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, 14 min ago	50.81 bp	58.6 bp −$59	10719.3 bp −$107.2K	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.29 bp	18.3 bp −$18	60.1 bp −$601	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
Binance MUBARAKUSDTshort	+0.0100%	4h	0.04391	+0.260%	$15.9M	$86.8M	25x
OKX MUBARAK-USDT-SWAP	+0.0100%	4h	0.04382	+0.063%	$2.6M	$53.3M	20x	as long as short
MEXC MUBARAK_USDT	+0.0100%	4h	0.04386	+0.145%	$862K	$1.5M	50x	as long as short
Bitget MUBARAKUSDT	+0.0100%	4h	0.04388	+0.191%	$2.7M	$7.1M	25x	as long as short
Variational Omni MUBARAK	+0.0100%	4h	0.04379	−0.015%	$13K	$51K	—	as long as short
BingX MUBARAK-USDT	+0.0124%	4h	0.04387	+0.168%	—	$3.1M	—	as long as short
Aster MUBARAKUSDT	+0.0205%	4h	0.04381	+0.030%	$18K	$397K	5x	as long as short
Bybit MUBARAKUSDT	+0.1263%	4h	0.04386	+0.152%	$3.3M	$10.7M	25x	as long as short
KuCoin MUBARAKUSDTM	+0.1336%	4h	0.04392	+0.282%	$1.6M	$1.0M	30x	as long as short
Kraken Futures PF_MUBARAKUSDlong	+0.1810%	1h	0.04380	long leg	$65K	$417K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MUBARAK_USDT	+0.4578%	4h	0.04389	+0.214%	$6.9M	$5.4M	50x	as long as short