Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against BingX−0.021%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.021%, 7d avg +0.022%

Together, before fees−0.043%−$4 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: Bybit is 0.043% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MASK-USDT	0.4829	0.0100	pay 0.0050% / 4h	1h 17m	—	$2.3M	—
Short	Bybit MASKUSDT	0.4828	0.0100	get 0.0050% / 4h	1h 17m	$1.3M	$936K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.022%: −$4.27
Slippage, 4 orders: −$94.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$119.56
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 3 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, 5 min ago	4.14 bp	18.9 bp −$19	57.6 bp −$576	400.1 bp −$40.0K	451.4 bp −$225.7K
Sell Bybit live order book, 3 min ago	4.14 bp	36.3 bp −$36	74.8 bp −$748	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	+0.0044%	4h	0.4834	+0.104%	$128K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4828	−0.029%	$2.6M	$4.9M	50x	as long as short
Bybit MASKUSDTshort	+0.0100%	4h	0.4828	−0.021%	$1.3M	$936K	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4822	−0.145%	$502K	$1.1M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4826	−0.062%	$278K	$237K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4829	0.000%	$1.1M	$235K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4841	+0.248%	$596K	$167K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4832	+0.062%	$512K	$328K	50x	as long as short
BingX MASK-USDTlong	+0.0100%	4h	0.4829	long leg	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4830	+0.013%	$23K	$21	—	as long as short