Funding you earn now, next payment 23:00 UTC−0.1616%/8h= −177.0% APRpaid last 24h +0.056%
Price spread now: Bybit against Kraken Futures−0.193%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2012.008% of the position
Funding, last 7 days+1.463%+$146 on $10k
+Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.193%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Bybit is 0.228% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.463%, 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 | 0.04400 | 0.2111 | pay 0.0264% / 1h | 47m 31s | $66K | $421K | 10x |
| Short | Bybit MUBARAKUSDT | 0.04391 | 0.0495 | get 0.0247% / 4h | 1h 47m | $3.4M | $10.5M | 25x |
Kraken Futures PF_MUBARAKUSD
Bybit MUBARAKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$339.42
- Price spread: −0.193% → +0.035%
- −$22.79
- Slippage, 4 orders
- −$179.79
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$563
- Costs to cover
- 2.008%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 35 min ago; Bybit: live order book, 6 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, 35 min ago | 52.95 bp | 58.3 bp −$58 | 9825.9 bp −$98.3K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 4.13 bp | 41.9 bp −$42 | 166.0 bp −$1,660 | 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 | +0.0100% | 4h | 0.04389 | −0.248% | $2.6M | $52.5M | 20x | as long as short |
| Bitget MUBARAKUSDT | +0.0100% | 4h | 0.04391 | −0.202% | $2.7M | $7.0M | 25x | as long as short |
| Variational Omni MUBARAK | +0.0100% | 4h | 0.04355 | −1.014% | $13K | $51K | — | as long as short |
| MEXC MUBARAK_USDT | +0.0138% | 4h | 0.04387 | −0.293% | $865K | $1.5M | 50x | as long as short |
| Binance MUBARAKUSDT | +0.0143% | 4h | 0.04392 | −0.180% | $15.9M | $85.2M | 25x | as long as short |
| Gate MUBARAK_USDT | +0.0204% | 4h | 0.04388 | −0.270% | $6.9M | $5.3M | 50x | as long as short |
| Aster MUBARAKUSDT | +0.0288% | 4h | 0.04384 | −0.367% | $21K | $388K | 5x | as long as short |
| BingX MUBARAK-USDT | +0.0422% | 4h | 0.04389 | −0.248% | — | $3.1M | — | as long as short |
| Bybit MUBARAKUSDTshort | +0.0495% | 4h | 0.04391 | −0.193% | $3.4M | $10.5M | 25x | |
| KuCoin MUBARAKUSDTM | +0.1518% | 4h | 0.04394 | −0.134% | $1.5M | $983K | 30x | as long as short |
OKX MUBARAK-USDT-SWAP
Bitget MUBARAKUSDT
Variational Omni MUBARAK
MEXC MUBARAK_USDT
Binance MUBARAKUSDT
Gate MUBARAK_USDT
Aster MUBARAKUSDT
BingX MUBARAK-USDT
KuCoin MUBARAKUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MUBARAKUSDlong | +0.2111% | 1h | 0.04400 | long leg | $66K | $421K | 10x |