Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1350%/8h= −147.8% APRpaid last 24h +0.152%

Price spread now: Gate against Kraken Futures+0.481%7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2472.465% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+1.817%+$182 on $10k

Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.481%, 7d avg +0.167%

Together, before fees+1.661%+$166 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.314% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.481% now, against its 7-day average of +0.167%): +$31 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +1.817%, 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	0.04366	0.1816	pay 0.0227% / 1h	12m 27s	$63K	$428K	10x
Short	Gate MUBARAK_USDT	0.04387	0.0466	get 0.0233% / 4h	3h 12m	$6.9M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now +0.481%Rate

Funding earned: −$283.46
Price spread: +0.481% → +0.167%: $31.44
Slippage, 4 orders: −$221.52
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$498.53
Costs to cover: 2.465%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 60 min ago; Gate: live order book, 1 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, 60 min ago	50.81 bp	58.6 bp −$59	10719.3 bp −$107.2K	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.56 bp	29.6 bp −$30	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
Binance MUBARAKUSDT	+0.0100%	4h	0.04392	+0.595%	$16.0M	$87.7M	25x	as long as short
Bybit MUBARAKUSDT	+0.0100%	4h	0.04392	+0.605%	$3.3M	$10.7M	25x	as long as short
OKX MUBARAK-USDT-SWAP	+0.0100%	4h	0.04390	+0.541%	$2.6M	$53.7M	20x	as long as short
MEXC MUBARAK_USDT	+0.0100%	4h	0.04389	+0.527%	$862K	$1.5M	50x	as long as short
Bitget MUBARAKUSDT	+0.0100%	4h	0.04394	+0.641%	$2.8M	$7.2M	25x	as long as short
BingX MUBARAK-USDT	+0.0100%	4h	0.04392	+0.595%	—	$3.1M	—	as long as short
Variational Omni MUBARAK	+0.0100%	4h	0.04368	+0.049%	$13K	$51K	—	as long as short
Aster MUBARAKUSDT	+0.0162%	4h	0.04397	+0.705%	$21K	$399K	5x	as long as short
Gate MUBARAK_USDTshort	+0.0466%	4h	0.04387	+0.481%	$6.9M	$5.4M	50x
KuCoin MUBARAKUSDTM	+0.0920%	4h	0.04389	+0.527%	$1.6M	$1.1M	30x	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_MUBARAKUSDlong	+0.1816%	1h	0.04366	long leg	$63K	$428K	10x