Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h 0.000%

Price spread now: MEXC against BloFin0.000%49s7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as 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−$480.478% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now 0.000%, 7d avg −0.096%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.096% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.096%. The two prices were read 49 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	0.4792	0.0044	pay 0.0022% / 4h	44m 19s	$128K	$15K	50x
Short	MEXC MASK_USDT	0.4792	0.0100	get 0.0100% / 8h	4h 44m	$1.0M	$232K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $11.78
Price spread: 0.000% → −0.096%: $9.57
Slippage, 4 orders: −$31.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$26.45
Costs to cover: 0.478%
Break-even: 22.7 days

Slippage from BloFin: live order book, 47 min ago; MEXC: live order book, 2 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, 47 min ago	3.11 bp	16.0 bp −$16	56.9 bp −$569	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	4.17 bp	7.1 bp −$7	50.7 bp −$507	814.7 bp −$81.5K	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-USDTlong	+0.0044%	4h	0.4792	long leg	$128K	$15K	50x
Binance MASKUSDT	+0.0100%	4h	0.4798	+0.127%	$2.5M	$4.7M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4793	+0.021%	$1.3M	$892K	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4797	+0.104%	$506K	$1.0M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4797	+0.104%	$276K	$234K	50x	as long as short
MEXC MASK_USDTshort	+0.0100%	8h	0.4792	0.000%	$1.0M	$232K	50x
KuCoin MASKUSDTM	+0.0100%	4h	0.4803	+0.230%	$592K	$166K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4796	+0.083%	$513K	$331K	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4793	+0.021%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4795	+0.055%	$22K	$31	—	as long as short