Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1701%/8h= +186.3% APRpaid last 24h +0.154%

Price spread now: Binance against Kraken Futures−0.001%7-day average +0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2252.253% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.907%+$91 on $10k

Price spread, last 4 days (all we have)+0.215%+$22 · spread now −0.001%, 7d avg +0.130%

Together, before fees+1.122%+$112 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.130% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.130%). If the spread goes back, that is −$13 on $10k: about 6 hours of funding at the current rate (+$51 a day). At the pace of the last 7 days (+0.907% in total) that is about 24 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.907% in total (about 47.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MUBARAKUSD	0.06087	−0.1186	get 0.0148% / 1h	48m 54s	$93K	$902K	10x
Short	Binance MUBARAKUSDT	0.06087	0.0515	get 0.0257% / 4h	1h 48m	$29.3M	$286.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.001%Rate

Funding earned: $357.2
Price spread: −0.001% → +0.130%: −$13.04
Slippage, 4 orders: −$205.29
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $118.87
Costs to cover: 2.253%
Break-even: 4.7 days

Slippage from Kraken Futures: live order book, 62 min ago; Binance: 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, 62 min ago	78.16 bp	90.7 bp −$91	7582.6 bp −$75.8K	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.82 bp	15.7 bp −$16	61.5 bp −$615	404.0 bp −$40.4K	doesn't fit

MUBARAK on 11 exchanges

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	−0.1186%	1h	0.06087	long leg	$93K	$902K	10x
KuCoin MUBARAKUSDTM	+0.0292%	4h	0.06098	+0.173%	$3.7M	$4.6M	30x	as long as short
Aster MUBARAKUSDT	+0.0512%	4h	0.06090	+0.041%	$50K	$1.0M	5x	as long as short
Binance MUBARAKUSDTshort	+0.0515%	4h	0.06087	−0.001%	$29.3M	$286.5M	25x
MEXC MUBARAK_USDT	+0.0522%	4h	0.06087	−0.008%	$2.1M	$3.7M	50x	as long as short
Bitget MUBARAKUSDT	+0.0550%	4h	0.06079	−0.140%	$4.4M	$26.3M	25x	as long as short
OKX MUBARAK-USDT-SWAP	+0.0882%	4h	0.06085	−0.038%	$5.5M	$158.3M	20x	as long as short
Bybit MUBARAKUSDT	+0.1083%	4h	0.06086	−0.018%	$6.3M	$42.1M	25x	as long as short
BingX MUBARAK-USDT	+0.1114%	4h	0.06093	+0.090%	—	$5.6M	—	as long as short
Variational Omni MUBARAK	+0.1501%	4h	0.06103	+0.252%	$18K	$90K	—	as long as short

Show all 11 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MUBARAK_USDT	+0.2078%	4h	0.06101	+0.222%	$10.5M	$15.8M	50x	as long as short