Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: MEXC against Binance−0.114%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.114%, 7d avg −0.074%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.041% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MASKUSDT	0.4823	0.0100	pay 0.0050% / 4h	2h 31m	$2.5M	$9.7M	50x
Short	MEXC MASK_USDT	0.4817	0.0100	get 0.0100% / 8h	2h 31m	$1.0M	$324K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → −0.074%: −$4.05
Slippage, 4 orders: −$28.75
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$46.8
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; MEXC: live order book, 4 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 Binance live order book, 8 min ago	1.04 bp	18.8 bp −$19	109.4 bp −$1,094	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	5.19 bp	7.2 bp −$7	34.7 bp −$347	843.0 bp −$84.3K	doesn't fit

MASK on 10 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
BloFin MASK-USDT	+0.0077%	4h	0.4821	−0.031%	$128K	$20K	50x	as long as short
Binance MASKUSDTlong	+0.0100%	4h	0.4823	long leg	$2.5M	$9.7M	50x
Bybit MASKUSDT	+0.0100%	4h	0.4816	−0.135%	$1.2M	$1.8M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4815	−0.156%	$498K	$3.0M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4823	+0.010%	$271K	$657K	50x	as long as short
MEXC MASK_USDTshort	+0.0100%	8h	0.4817	−0.114%	$1.0M	$324K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4828	+0.114%	$608K	$223K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4819	−0.073%	$488K	$1.2M	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4822	−0.010%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4816	−0.138%	$23K	$1	—	as long as short