Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1814%/8h= +198.6% APRpaid last 24h −0.077%

Price spread now: Kraken Futures against Bitget−0.343%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$397as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3023.022% 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−0.950%−$95 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.343%, 7d avg −0.137%

Together, before fees−0.842%−$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.206% cheaper against Bitget than usual: you would sell low and buy high (spread −0.343% now, against its 7-day average of −0.137%). If the spread goes back, that is −$21 on $10k: about 9 hours of funding at the current rate (+$54 a day). Mind the row above: over the last 7 days funding on this pair cost −0.950%, 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 -0.950% in total (about -49.5% 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	Bitget MUBARAKUSDT	0.05352	0.0580	pay 0.0290% / 4h	13m 58s	$3.6M	$21.1M	25x
Short	Kraken Futures PF_MUBARAKUSD	0.05334	0.2394	get 0.0299% / 1h	13m 58s	$77K	$818K	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

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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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.343%Rate

Funding earned: $380.86
Price spread: −0.343% → −0.137%: −$20.55
Slippage, 4 orders: −$280.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $58.1
Costs to cover: 3.022%
Break-even: 5.9 days

Slippage from Bitget: live order book, 5 min ago; Kraken Futures: live order book, 24 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, 5 min ago	5.57 bp	30.6 bp −$31	129.3 bp −$1,293	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 24 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
Bitget MUBARAKUSDTlong	+0.0580%	4h	0.05352	long leg	$3.6M	$21.1M	25x
OKX MUBARAK-USDT-SWAP	+0.0609%	4h	0.05357	+0.095%	$4.3M	$121.9M	20x	as long as short
Aster MUBARAKUSDT	+0.0781%	4h	0.05357	+0.098%	$41K	$1.0M	5x	as long as short
MEXC MUBARAK_USDT	+0.0908%	4h	0.05361	+0.168%	$1.7M	$2.8M	50x	as long as short
Binance MUBARAKUSDT	+0.0910%	4h	0.05331	−0.386%	$24.2M	$225.4M	25x	as long as short
Variational Omni MUBARAK	+0.1187%	4h	0.05329	−0.431%	$13K	$73K	—	as long as short
KuCoin MUBARAKUSDTM	+0.1420%	4h	0.05343	−0.168%	$2.8M	$3.5M	30x	as long as short
BingX MUBARAK-USDT	+0.1522%	4h	0.05361	+0.168%	—	$4.8M	—	as long as short
Bybit MUBARAKUSDT	+0.1710%	4h	0.05348	−0.073%	$5.2M	$31.1M	25x	as long as short
Kraken Futures PF_MUBARAKUSDshort	+0.2394%	1h	0.05334	−0.343%	$77K	$818K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MUBARAK_USDT	+0.2596%	4h	0.05353	+0.019%	$9.2M	$13.8M	50x	as long as short