MUBARAK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0732%/8h= −80.2% APRnext payment −$3.66 per $10,000 · paid last 24h −0.146%

Price spread now: Bybit against KuCoin+0.083%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$266as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2392.390% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$26 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.083%, 7d avg −0.096%

Together, before fees−0.319%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.179% dearer against KuCoin than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.096%): +$18 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.265% in total) that is about 4.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.66 per $10,000. 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	KuCoin MUBARAKUSDTM	0.04436	0.0832	pay 0.0416% / 4h	3h 01m	$1.6M	$1.1M	30x
Short	Bybit MUBARAKUSDT	0.04440	0.0100	get 0.0050% / 4h	3h 01m	$3.4M	$10.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$153.72
Price spread: +0.083% → −0.096%: $17.95
Slippage, 4 orders: −$216.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$374.82
Costs to cover: 2.390%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 1 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 KuCoin live order book, 4 min ago	6.75 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.48 bp	50.1 bp −$50	182.1 bp −$1,821	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	0.04443	+0.158%	$16.1M	$88.2M	25x	as long as short
Bybit MUBARAKUSDTshort	+0.0100%	4h	0.04440	+0.083%	$3.4M	$10.8M	25x
OKX MUBARAK-USDT-SWAP	+0.0100%	4h	0.04436	+0.005%	$2.6M	$54.5M	20x	as long as short
MEXC MUBARAK_USDT	+0.0100%	4h	0.04436	0.000%	$867K	$1.5M	50x	as long as short
Bitget MUBARAKUSDT	+0.0100%	4h	0.04442	+0.135%	$2.8M	$7.2M	25x	as long as short
BingX MUBARAK-USDT	+0.0100%	4h	0.04450	+0.316%	—	$3.1M	—	as long as short
Variational Omni MUBARAK	+0.0100%	4h	0.04429	−0.162%	$13K	$51K	—	as long as short
Aster MUBARAKUSDT	+0.0235%	4h	0.04435	−0.020%	$22K	$400K	5x	as long as short
Gate MUBARAK_USDT	+0.0662%	4h	0.04446	+0.225%	$7.0M	$5.4M	50x	as long as short
KuCoin MUBARAKUSDTMlong	+0.0832%	4h	0.04436	long leg	$1.6M	$1.1M	30x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MUBARAKUSD	+0.1792%	1h	0.04424	−0.269%	$63K	$429K	10x	as long as short