Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.16 per $10,000 · paid last 24h +0.004%
Price spread now: Bybit against BloFin−0.104%112s7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as 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−$1121.116% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.104%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.101% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 112 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 | 0.4825 | 0.0131 | pay 0.0066% / 4h | 2h 35m | $128K | $20K | 50x |
| Short | Bybit MASKUSDT | 0.4820 | 0.0100 | get 0.0050% / 4h | 2h 35m | $1.2M | $1.8M | 50x |
BloFin MASK-USDT
Bybit MASKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.61
- Price spread: −0.104% → −0.003%
- −$10.08
- Slippage, 4 orders
- −$88.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$128.26
- Costs to cover
- 1.116%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 45 min ago; Bybit: live order book, 1 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, 45 min ago | 3.11 bp | 18.1 bp −$18 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.12 bp | 38.3 bp −$38 | 119.7 bp −$1,197 | 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 | 0.4823 | −0.041% | $2.5M | $9.7M | 50x | as long as short |
| Bybit MASKUSDTshort | +0.0100% | 4h | 0.4820 | −0.104% | $1.2M | $1.8M | 50x | |
| OKX MASK-USDT-SWAP | +0.0100% | 8h | 0.4815 | −0.207% | $498K | $3.0M | 20x | as long as short |
| Gate MASK_USDT | +0.0100% | 8h | 0.4821 | −0.083% | $271K | $656K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4818 | −0.145% | $1.0M | $324K | 50x | as long as short |
| KuCoin MASKUSDTM | +0.0100% | 4h | 0.4831 | +0.124% | $608K | $223K | 50x | as long as short |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4819 | −0.124% | $488K | $1.2M | 50x | as long as short |
| BingX MASK-USDT | +0.0100% | 4h | 0.4820 | −0.104% | — | $2.3M | — | as long as short |
| Variational Omni MASK | +0.0100% | 4h | 0.4816 | −0.190% | $23K | $1 | — | as long as short |
| BloFin MASK-USDTlong | +0.0131% | 4h | 0.4825 | long leg | $128K | $20K | 50x |
Binance MASKUSDT
OKX MASK-USDT-SWAP
Gate MASK_USDT
MEXC MASK_USDT
KuCoin MASKUSDTM
Bitget MASKUSDT
BingX MASK-USDT
Variational Omni MASK