Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1692%/8h= −185.3% APRpaid last 24h +0.040%

Price spread now: BingX against Kraken Futures+0.586%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$3083.078% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.652%+$165 on $10k

Price spread, last 3 days (all we have)−0.359%−$36 · spread now +0.586%, 7d avg +0.065%

Together, before fees+1.293%+$129 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.521% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.586% now, against its 7-day average of +0.065%): +$52 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 25 hours. Mind the row above: over the last 7 days funding on this pair paid +1.652%, 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	0.04424	0.1792	pay 0.0224% / 1h	1m 43s	$63K	$429K	10x
Short	BingX MUBARAK-USDT	0.04450	0.0100	get 0.0050% / 4h	3h 01m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.586%Rate

Funding earned: −$355.31
Price spread: +0.586% → +0.065%: $52.11
Slippage, 4 orders: −$287.81
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$611.01
Costs to cover: 3.078%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; BingX: live order book, 3 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, 6 min ago	62.66 bp	104.7 bp −$105	8747.8 bp −$87.5K	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.60 bp	15.3 bp −$15	37.2 bp −$372	279.1 bp −$27.9K	957.1 bp −$478.5K

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	0.04443	+0.428%	$16.1M	$88.2M	25x	as long as short
Bybit MUBARAKUSDT	+0.0100%	4h	0.04440	+0.353%	$3.4M	$10.8M	25x	as long as short
OKX MUBARAK-USDT-SWAP	+0.0100%	4h	0.04436	+0.274%	$2.6M	$54.5M	20x	as long as short
MEXC MUBARAK_USDT	+0.0100%	4h	0.04436	+0.269%	$867K	$1.5M	50x	as long as short
Bitget MUBARAKUSDT	+0.0100%	4h	0.04442	+0.405%	$2.8M	$7.2M	25x	as long as short
BingX MUBARAK-USDTshort	+0.0100%	4h	0.04450	+0.586%	—	$3.1M	—
Variational Omni MUBARAK	+0.0100%	4h	0.04429	+0.107%	$13K	$51K	—	as long as short
Aster MUBARAKUSDT	+0.0235%	4h	0.04435	+0.250%	$22K	$400K	5x	as long as short
Gate MUBARAK_USDT	+0.0662%	4h	0.04446	+0.495%	$7.0M	$5.4M	50x	as long as short
KuCoin MUBARAKUSDTM	+0.0832%	4h	0.04436	+0.269%	$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	+0.1792%	1h	0.04424	long leg	$63K	$429K	10x