Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1429%/8h= +156.4% APRpaid last 24h −0.069%

Price spread now: Kraken Futures against MEXC+0.038%51s7-day average −0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$450as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3613.608% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.893%−$89 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.038%, 7d avg −0.091%

Together, before fees−1.084%−$108 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Kraken Futures is 0.129% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.091%. Mind the row above: over the last 7 days funding on this pair cost −0.893%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.893% in total (about -46.5% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MUBARAK_USDT	0.05485	0.0898	pay 0.0449% / 4h	21m 31s	$1.7M	$2.8M	50x
Short	Kraken Futures PF_MUBARAKUSD	0.05487	0.2327	get 0.0291% / 1h	21m 31s	$75K	$805K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.038%Rate

Funding earned: $300.02
Price spread: +0.038% → −0.091%: $12.91
Slippage, 4 orders: −$346.78
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$47.86
Costs to cover: 3.608%
Break-even: 8.1 days

Slippage from MEXC: live order book, just now; Kraken Futures: live order book, 17 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 MEXC live order book, just now	12.76 bp	55.3 bp −$55	82.4 bp −$824	240.4 bp −$24.0K	372.6 bp −$186.3K
Sell Kraken Futures live order book, 17 min ago	77.01 bp	128.2 bp −$128	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	+0.0505%	4h	0.05509	+0.428%	$4.4M	$123.8M	20x	as long as short
Bitget MUBARAKUSDT	+0.0514%	4h	0.05491	+0.109%	$3.7M	$20.6M	25x	as long as short
Aster MUBARAKUSDT	+0.0746%	4h	0.05493	+0.146%	$24K	$973K	5x	as long as short
MEXC MUBARAK_USDTlong	+0.0898%	4h	0.05485	long leg	$1.7M	$2.8M	50x
Binance MUBARAKUSDT	+0.0898%	4h	0.05483	−0.036%	$24.9M	$221.6M	25x	as long as short
Variational Omni MUBARAK	+0.0913%	4h	0.05419	−1.194%	$14K	$73K	—	as long as short
KuCoin MUBARAKUSDTM	+0.1428%	4h	0.05491	+0.109%	$2.9M	$3.5M	30x	as long as short
BingX MUBARAK-USDT	+0.1478%	4h	0.05471	−0.255%	—	$4.7M	—	as long as short
Bybit MUBARAKUSDT	+0.1565%	4h	0.05491	+0.117%	$5.5M	$30.6M	25x	as long as short
Kraken Futures PF_MUBARAKUSDshort	+0.2327%	1h	0.05487	+0.038%	$75K	$805K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MUBARAK_USDT	+0.2532%	4h	0.05488	+0.055%	$9.4M	$13.6M	50x	as long as short