Funding arb · Price arb /

MUBARAK

all MUBARAK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.2931%/8h= −321.0% APRpaid last 24h −0.321%

Price spread now: Kraken Futures against KuCoin−0.337%7-day average −0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$636as in the Funding arb table

Net, price: spread back to 7d avg − costs−$520as in the Price arb table

costs, in and out, $10k−$5055.049% of the position

Long on KuCoin Short on Kraken Futures

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)−0.308%−$31 · spread now −0.337%, 7d avg −0.184%

Together, before fees−1.617%−$162 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$88 a day on $10k at the current rate, and Kraken Futures is 0.153% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.184%). Swap the legs.

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	KuCoin MUBARAKUSDTM	0.05750	0.0984	pay 0.0492% / 4h	2h 56m	$3.3M	$3.9M	30x
Short	Kraken Futures PF_MUBARAKUSD	0.05731	−0.1947	pay 0.0243% / 1h	56m 47s	$93K	$863K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.337%Rate

Funding earned: −$615.54
Price spread: −0.337% → −0.184%: −$15.32
Slippage, 4 orders: −$482.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,135.75
Costs to cover: 5.049%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Kraken Futures: live order book, 36 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, 11 min ago	8.96 bp	54.0 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 36 min ago	37.71 bp	228.7 bp −$229	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_MUBARAKUSDshort	−0.1947%	1h	0.05731	−0.337%	$93K	$863K	10x
Aster MUBARAKUSDT	+0.0742%	4h	0.05751	+0.023%	$48K	$1.1M	5x	as long as short
MEXC MUBARAK_USDT	+0.0770%	4h	0.05751	+0.017%	$2.1M	$3.1M	50x	as long as short
Binance MUBARAKUSDT	+0.0771%	4h	0.05763	+0.225%	$26.2M	$252.1M	25x	as long as short
Bitget MUBARAKUSDT	+0.0918%	4h	0.05781	+0.539%	$4.0M	$23.3M	25x	as long as short
KuCoin MUBARAKUSDTMlong	+0.0984%	4h	0.05750	long leg	$3.3M	$3.9M	30x
OKX MUBARAK-USDT-SWAP	+0.1199%	4h	0.05784	+0.597%	$4.7M	$141.3M	20x	as long as short
Variational Omni MUBARAK	+0.1749%	4h	0.05632	−2.049%	$13K	$78K	—	as long as short
BingX MUBARAK-USDT	+0.2180%	4h	0.05773	+0.400%	—	$5.0M	—	as long as short
Bybit MUBARAKUSDT	+0.2304%	4h	0.05784	+0.595%	$5.7M	$35.5M	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	+0.2668%	4h	0.05772	+0.383%	$9.9M	$14.4M	50x	as long as short