Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against BingX−0.226%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$800.797% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.191%+$19 · spread now −0.226%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.219% cheaper against BingX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MASK-USDT | 0.4857 | 0.0100 | pay 0.0050% / 4h | 1h 42m | — | $2.3M | — |
| Short | BloFin MASK-USDT | 0.4846 | 0.0049 | get 0.0025% / 4h | 1h 42m | $128K | $20K | 50x |
BingX MASK-USDT
BloFin MASK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.71
- Price spread: −0.226% → −0.008%
- −$21.9
- Slippage, 4 orders
- −$57.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$112.26
- Costs to cover
- 0.797%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 30 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, 6 min ago | 6.21 bp | 25.6 bp −$26 | 62.6 bp −$626 | 476.0 bp −$47.6K | 543.0 bp −$271.5K |
| Sell BloFin live order book, 30 min ago | 1.04 bp | 11.9 bp −$12 | 16.6 bp −$166 | 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-USDTshort | +0.0049% | 4h | 0.4846 | −0.226% | $128K | $20K | 50x | |
| Binance MASKUSDT | +0.0100% | 4h | 0.4858 | +0.021% | $2.6M | $9.8M | 50x | as long as short |
| Bybit MASKUSDT | +0.0100% | 4h | 0.4856 | −0.021% | $1.3M | $1.8M | 50x | as long as short |
| OKX MASK-USDT-SWAP | +0.0100% | 8h | 0.4854 | −0.062% | $503K | $3.1M | 20x | as long as short |
| Gate MASK_USDT | +0.0100% | 8h | 0.4852 | −0.103% | $272K | $657K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4856 | −0.021% | $1.1M | $323K | 50x | as long as short |
| KuCoin MASKUSDTM | +0.0100% | 4h | 0.4868 | +0.226% | $601K | $228K | 50x | as long as short |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4860 | +0.062% | $510K | $1.2M | 50x | as long as short |
| BingX MASK-USDTlong | +0.0100% | 4h | 0.4857 | long leg | — | $2.3M | — | |
| Variational Omni MASK | +0.0100% | 4h | 0.4831 | −0.545% | $23K | $1 | — | as long as short |
Binance MASKUSDT
Bybit MASKUSDT
OKX MASK-USDT-SWAP
Gate MASK_USDT
MEXC MASK_USDT
KuCoin MASKUSDTM
Bitget MASKUSDT
Variational Omni MASK