Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget+0.063%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1041.038% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.063%, 7d avg +0.130%

Together, before fees−0.042%−$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: BingX is 0.067% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MASKUSDT	0.4799	0.0100	pay 0.0050% / 4h	2h 43m	$520K	$355K	50x
Short	BingX MASK-USDT	0.4802	0.0100	get 0.0050% / 4h	2h 43m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.130%: −$6.71
Slippage, 4 orders: −$81.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$110.52
Costs to cover: 1.038%
Break-even: never at this rate

Slippage from Bitget: live order book, 48 min ago; BingX: live order book, 10 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 Bitget live order book, 48 min ago	4.13 bp	21.7 bp −$22	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	8.30 bp	33.9 bp −$34	72.1 bp −$721	426.9 bp −$42.7K	499.7 bp −$249.9K

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	0.4798	−0.028%	$2.5M	$4.4M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4797	−0.042%	$1.3M	$858K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4792	−0.146%	$506K	$920K	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4806	+0.146%	$278K	$219K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4793	−0.125%	$1.1M	$236K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4806	+0.146%	$590K	$160K	50x	as long as short
Bitget MASKUSDTlong	+0.0100%	4h	0.4799	long leg	$520K	$355K	50x
BingX MASK-USDTshort	+0.0100%	4h	0.4802	+0.063%	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4807	+0.160%	$22K	$31	—	as long as short
BloFin MASK-USDT	+0.0129%	4h	0.4805	+0.125%	$126K	$15K	50x	as long as short