Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.001%

Price spread now: OKX against Kraken Futures+0.312%45s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2972.969% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.415%+$141 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.312%, 7d avg +0.033%

Together, before fees+1.274%+$127 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.279% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.312% now, against its 7-day average of +0.033%): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.9 days. Mind the row above: over the last 7 days funding on this pair paid +1.415%, so the current rate has only just turned against you. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MUBARAKUSD	0.05300	0.0205	pay 0.0026% / 1h	16m 32s	$59K	$481K	10x
Short	OKX MUBARAK-USDT-SWAP	0.05317	0.0100	get 0.0050% / 4h	3h 16m	$3.6M	$74.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.312%Rate

Funding earned: −$22.09
Price spread: +0.312% → +0.033%: $27.95
Slippage, 4 orders: −$276.92
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$291.07
Costs to cover: 2.969%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 36 min ago; OKX: 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, 36 min ago	78.63 bp	115.2 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.09 bp	23.7 bp −$24	94.4 bp −$944	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-SWAPshort	+0.0100%	4h	0.05317	+0.312%	$3.6M	$74.6M	20x
Variational Omni MUBARAK	+0.0100%	4h	0.05120	−3.392%	$13K	$58K	—	as long as short
Kraken Futures PF_MUBARAKUSDlong	+0.0205%	1h	0.05300	long leg	$59K	$481K	10x
MEXC MUBARAK_USDT	+0.0302%	4h	0.05319	+0.355%	$1.2M	$1.7M	50x	as long as short
Binance MUBARAKUSDT	+0.0309%	4h	0.05328	+0.534%	$21.5M	$111.9M	25x	as long as short
Bitget MUBARAKUSDT	+0.0532%	4h	0.05324	+0.450%	$3.5M	$9.0M	25x	as long as short
Aster MUBARAKUSDT	+0.0614%	4h	0.05320	+0.369%	$16K	$546K	5x	as long as short
KuCoin MUBARAKUSDTM	+0.0654%	4h	0.05316	+0.299%	$2.0M	$1.3M	30x	as long as short
BingX MUBARAK-USDT	+0.1482%	4h	0.05320	+0.374%	—	$3.3M	—	as long as short
Bybit MUBARAKUSDT	+0.1633%	4h	0.05323	+0.435%	$4.9M	$13.9M	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	+0.3286%	4h	0.05334	+0.639%	$9.0M	$6.3M	50x	as long as short