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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.141%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days−0.152%−$15 · spread now +0.141%, 7d avg −0.016%

Together, before fees−0.187%−$19 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: Binance is 0.157% dearer against BingX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MASK-USDT	0.4833	0.0100	pay 0.0050% / 4h	1h 54m	—	$2.3M	—
Short	Binance MASKUSDT	0.4840	0.0100	get 0.0050% / 4h	1h 54m	$2.5M	$9.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → −0.016%: $15.68
Slippage, 4 orders: −$51.35
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.67
Costs to cover: 0.713%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Binance: live order book, 15 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 BingX live order book, 9 min ago	7.26 bp	22.6 bp −$23	55.6 bp −$556	482.7 bp −$48.3K	564.5 bp −$282.3K
Sell Binance live order book, 15 min ago	1.04 bp	16.7 bp −$17	38.2 bp −$382	doesn't fit	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	+0.0056%	4h	0.4839	+0.124%	$128K	$20K	50x	as long as short
Binance MASKUSDTshort	+0.0100%	4h	0.4840	+0.141%	$2.5M	$9.7M	50x
Bybit MASKUSDT	+0.0100%	4h	0.4831	−0.041%	$1.2M	$1.8M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4830	−0.062%	$498K	$3.0M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4829	−0.083%	$271K	$656K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4829	−0.083%	$1.0M	$322K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4839	+0.124%	$598K	$228K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4835	+0.041%	$507K	$1.2M	50x	as long as short
BingX MASK-USDTlong	+0.0100%	4h	0.4833	long leg	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4828	−0.102%	$23K	$1	—	as long as short