Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.2936%/8h= +321.5% APRpaid last 24h +0.321%

Price spread now: KuCoin against Kraken Futures−0.695%7-day average +0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$380as in the Funding arb table

Net, price: spread back to 7d avg − costs−$599as in the Price arb table

costs, in and out, $10k−$5115.112% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.308%+$131 on $10k

Price spread, last 4 days (all we have)+1.341%+$134 · spread now −0.695%, 7d avg +0.184%

Together, before fees+2.649%+$265 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.879% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.695% now, against its 7-day average of +0.184%). If the spread goes back, that is −$88 on $10k: about 24 hours of funding at the current rate (+$88 a day). At the pace of the last 7 days (+1.308% 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 1.308% in total (about 68.2% a year). A funding rate is set anew for every payment. 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	Kraken Futures PF_MUBARAKUSD	0.05652	−0.1974	get 0.0247% / 1h	55m 09s	$89K	$868K	10x
Short	KuCoin MUBARAKUSDTM	0.05613	0.0962	get 0.0481% / 4h	2h 55m	$3.2M	$4.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.695%Rate

Funding earned: $616.59
Price spread: −0.695% → +0.184%: −$87.94
Slippage, 4 orders: −$489.24
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $17.41
Costs to cover: 5.112%
Break-even: 6.8 days

Slippage from Kraken Futures: live order book, 38 min ago; KuCoin: 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, 38 min ago	37.71 bp	66.2 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.11 bp	179.5 bp −$180	doesn't fit	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
Kraken Futures PF_MUBARAKUSDlong	−0.1974%	1h	0.05652	long leg	$89K	$868K	10x
Aster MUBARAKUSDT	+0.0740%	4h	0.05618	−0.608%	$47K	$1.1M	5x	as long as short
MEXC MUBARAK_USDT	+0.0770%	4h	0.05613	−0.695%	$2.0M	$3.2M	50x	as long as short
Binance MUBARAKUSDT	+0.0770%	4h	0.05614	−0.679%	$25.5M	$253.9M	25x	as long as short
Bitget MUBARAKUSDT	+0.0920%	4h	0.05594	−1.031%	$3.9M	$23.5M	25x	as long as short
KuCoin MUBARAKUSDTMshort	+0.0962%	4h	0.05613	−0.695%	$3.2M	$4.0M	30x
OKX MUBARAK-USDT-SWAP	+0.1214%	4h	0.05587	−1.152%	$4.5M	$137.1M	20x	as long as short
Variational Omni MUBARAK	+0.1832%	4h	0.05775	+2.166%	$14K	$81K	—	as long as short
Bybit MUBARAKUSDT	+0.2162%	4h	0.05616	−0.639%	$5.5M	$35.8M	25x	as long as short
BingX MUBARAK-USDT	+0.2180%	4h	0.05590	−1.102%	—	$5.0M	—	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	+0.2740%	4h	0.05598	−0.961%	$9.7M	$14.5M	50x	as long as short