MUBARAK arbitrage explained
Right now Mubarak (MUBARAK) trades on 11 venues we scan: 9 perpetual markets, 5 spot markets and 1 DEX pool. The lowest ask is on Variational perp at $0.0723 and the highest bid on OKX perp at $0.0725.
The widest MUBARAK perpetual spread is between Variational and OKX: long MUBARAK on Variational at $0.0723 and short on OKX at $0.0725 for +0.21% gross, or +0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.027% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MUBARAK route is to buy spot on KuCoin and short the perpetual on OKX: +0.10% gross, -0.10% net, with +0.057% a day of funding on the short leg.
Spot–spot MUBARAK arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small MUBARAK gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: MUBARAK funding rates · MUBARAK spread charts · Mubarak price · arbitrage scanner for all coins.