Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.6% APRnext payment −$0.26 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against BloFin+0.174%91s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.174%, 7d avg −0.025%
=The price spread pays, funding is against you. Binance is 0.199% dearer against BloFin than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of −0.025%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MASK-USDT | 0.4840 | 0.0152 | pay 0.0076% / 4h | 3h 13m | $128K | $15K | 50x |
| Short | Binance MASKUSDT | 0.4848 | 0.0100 | get 0.0050% / 4h | 3h 13m | $2.6M | $5.7M | 50x |
BloFin MASK-USDT
Binance MASKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$10.82
- Price spread: +0.174% → −0.025%
- $19.89
- Slippage, 4 orders
- −$47.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$60.31
- Costs to cover
- 0.694%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 42 min ago; Binance: 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 BloFin live order book, 42 min ago | 3.10 bp | 16.2 bp −$16 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 2.07 bp | 22.0 bp −$22 | 55.3 bp −$553 | 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 MASKUSDTshort | +0.0100% | 4h | 0.4848 | +0.174% | $2.6M | $5.7M | 50x | |
| Bybit MASKUSDT | +0.0100% | 4h | 0.4842 | +0.041% | $1.3M | $1.0M | 50x | as long as short |
| OKX MASK-USDT-SWAP | +0.0100% | 8h | 0.4843 | +0.062% | $505K | $1.4M | 20x | as long as short |
| Gate MASK_USDT | +0.0100% | 8h | 0.4841 | +0.021% | $278K | $301K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4842 | +0.041% | $1.1M | $329K | 50x | as long as short |
| KuCoin MASKUSDTM | +0.0100% | 4h | 0.4847 | +0.145% | $599K | $173K | 50x | as long as short |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4845 | +0.103% | $518K | $370K | 50x | as long as short |
| BingX MASK-USDT | +0.0100% | 4h | 0.4842 | +0.041% | — | $2.3M | — | as long as short |
| Variational Omni MASK | +0.0100% | 4h | 0.4837 | −0.067% | $23K | $21 | — | as long as short |
| BloFin MASK-USDTlong | +0.0152% | 4h | 0.4840 | long leg | $128K | $15K | 50x |
Bybit MASKUSDT
OKX MASK-USDT-SWAP
Gate MASK_USDT
MEXC MASK_USDT
KuCoin MASKUSDTM
Bitget MASKUSDT
BingX MASK-USDT
Variational Omni MASK