Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1702%/8h= −186.4% APRpaid last 24h −0.005%

Price spread now: Bitget against Kraken Futures+0.479%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$2192.191% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+1.430%+$143 on $10k

Price spread, last 3 days (all we have)−0.215%−$22 · spread now +0.479%, 7d avg +0.131%

Together, before fees+1.215%+$121 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.348% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.479% now, against its 7-day average of +0.131%): +$35 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +1.430%, 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	0.04399	0.1802	pay 0.0225% / 1h	25m 53s	$64K	$423K	10x
Short	Bitget MUBARAKUSDT	0.04420	0.0100	get 0.0050% / 4h	3h 25m	$2.8M	$7.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.479%Rate

Funding earned: −$357.47
Price spread: +0.479% → +0.131%: $34.8
Slippage, 4 orders: −$197.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$541.76
Costs to cover: 2.191%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 47 min ago; Bitget: live order book, 2 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, 47 min ago	50.81 bp	58.6 bp −$59	10719.3 bp −$107.2K	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.83 bp	26.5 bp −$27	86.4 bp −$864	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	0.04423	+0.556%	$16.1M	$87.4M	25x	as long as short
Bybit MUBARAKUSDT	+0.0100%	4h	0.04421	+0.504%	$3.4M	$10.7M	25x	as long as short
OKX MUBARAK-USDT-SWAP	+0.0100%	4h	0.04418	+0.426%	$2.6M	$54.0M	20x	as long as short
Gate MUBARAK_USDT	+0.0100%	4h	0.04405	+0.138%	$7.0M	$5.4M	50x	as long as short
MEXC MUBARAK_USDT	+0.0100%	4h	0.04414	+0.342%	$879K	$1.5M	50x	as long as short
Bitget MUBARAKUSDTshort	+0.0100%	4h	0.04420	+0.479%	$2.8M	$7.2M	25x
BingX MUBARAK-USDT	+0.0100%	4h	0.04408	+0.206%	—	$3.1M	—	as long as short
Variational Omni MUBARAK	+0.0100%	4h	0.04408	+0.214%	$13K	$51K	—	as long as short
Aster MUBARAKUSDT	+0.0136%	4h	0.04414	+0.350%	$19K	$397K	5x	as long as short
KuCoin MUBARAKUSDTM	+0.1010%	4h	0.04411	+0.274%	$1.6M	$1.0M	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	+0.1802%	1h	0.04399	long leg	$64K	$423K	10x