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: Bitget against BingX+0.042%7-day average −0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1171.167% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.042%, 7d avg −0.152%

Together, before fees−0.105%−$11 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: Bitget is 0.193% dearer against BingX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MASK-USDT	0.4819	0.0100	pay 0.0050% / 4h	2h 41m	—	$2.3M	—
Short	Bitget MASKUSDT	0.4821	0.0100	get 0.0050% / 4h	2h 41m	$489K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.152%: $19.31
Slippage, 4 orders: −$94.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$97.35
Costs to cover: 1.167%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Bitget: live order book, 5 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, 8 min ago	5.18 bp	22.8 bp −$23	58.3 bp −$583	473.5 bp −$47.3K	545.5 bp −$272.7K
Sell Bitget live order book, 5 min ago	4.15 bp	31.2 bp −$31	113.5 bp −$1,135	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
Binance MASKUSDT	+0.0100%	4h	0.4822	+0.062%	$2.5M	$9.7M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4818	−0.021%	$1.2M	$1.8M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4815	−0.083%	$499K	$3.0M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4820	+0.021%	$271K	$656K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4818	−0.021%	$1.0M	$323K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4833	+0.291%	$611K	$222K	50x	as long as short
Bitget MASKUSDTshort	+0.0100%	4h	0.4821	+0.042%	$489K	$1.2M	50x
BingX MASK-USDTlong	+0.0100%	4h	0.4819	long leg	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4819	−0.010%	$23K	$1	—	as long as short
BloFin MASK-USDT	+0.0159%	4h	0.4821	+0.042%	$129K	$20K	50x	as long as short