Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0549%/8h= +60.2% APRpaid last 24h −0.036%

Price spread now: Variational Omni against Kraken Futures+0.716%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Variational Omni is 0.716% dearer against Kraken Futures than usual: you sell high and buy low: +$72 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MUBARAKUSD	0.04470	−0.0449	get 0.0056% / 1h	19m 00s	$64K	$425K	10x
Short	Variational Omni MUBARAK	0.04502	0.0100	get 0.0050% / 4h	2h 19m	$14K	$51K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now +0.716%Rate

Funding earned: $115.37
Price spread: +0.716% → 0.000%: $71.57
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $176.94
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 49 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 49 min ago	62.66 bp	104.7 bp −$105	8747.8 bp −$87.5K	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_MUBARAKUSDlong	−0.0449%	1h	0.04470	long leg	$64K	$425K	10x
OKX MUBARAK-USDT-SWAP	+0.0100%	4h	0.04477	+0.147%	$2.7M	$55.7M	20x	as long as short
Variational Omni MUBARAKshort	+0.0100%	4h	0.04502	+0.716%	$14K	$51K	—
Bitget MUBARAKUSDT	+0.0118%	4h	0.04484	+0.304%	$2.8M	$7.3M	25x	as long as short
MEXC MUBARAK_USDT	+0.0184%	4h	0.04472	+0.035%	$879K	$1.5M	50x	as long as short
Binance MUBARAKUSDT	+0.0185%	4h	0.04479	+0.196%	$16.3M	$89.4M	25x	as long as short
Aster MUBARAKUSDT	+0.0353%	4h	0.04478	+0.169%	$24K	$410K	5x	as long as short
KuCoin MUBARAKUSDTM	+0.0480%	4h	0.04480	+0.214%	$1.6M	$1.1M	30x	as long as short
BingX MUBARAK-USDT	+0.0502%	4h	0.04481	+0.237%	—	$3.1M	—	as long as short
Bybit MUBARAKUSDT	+0.0594%	4h	0.04484	+0.304%	$3.5M	$10.9M	25x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MUBARAK_USDT	+0.1424%	4h	0.04480	+0.214%	$7.1M	$5.3M	50x	as long as short