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: BingX against Bybit+0.041%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

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

Long on Bybit Short on BingX

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−0.056%−$6 · spread now +0.041%, 7d avg −0.022%

Together, before fees+0.022%+$2 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 0.063% dearer against Bybit than usual: you sell high and buy low, +$6 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	Bybit MASKUSDT	0.4827	0.0100	pay 0.0050% / 4h	1h 16m	$1.3M	$913K	50x
Short	BingX MASK-USDT	0.4829	0.0100	get 0.0050% / 4h	1h 16m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.022%: $6.34
Slippage, 4 orders: −$94.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$108.94
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 7 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 Bybit live order book, 5 min ago	4.14 bp	37.7 bp −$38	108.0 bp −$1,080	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	4.14 bp	22.4 bp −$22	59.3 bp −$593	462.8 bp −$46.3K	557.0 bp −$278.5K

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	0.4828	+0.022%	$2.6M	$4.9M	50x	as long as short
Bybit MASKUSDTlong	+0.0100%	4h	0.4827	long leg	$1.3M	$913K	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4826	−0.021%	$502K	$1.1M	20x	as long as short
Gate MASK_USDT	+0.0100%	8h	0.4826	−0.021%	$278K	$237K	50x	as long as short
MEXC MASK_USDT	+0.0100%	8h	0.4829	+0.041%	$1.1M	$235K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4839	+0.249%	$596K	$167K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4833	+0.124%	$512K	$328K	50x	as long as short
BingX MASK-USDTshort	+0.0100%	4h	0.4829	+0.041%	—	$2.3M	—
Variational Omni MASK	+0.0100%	4h	0.4830	+0.054%	$23K	$21	—	as long as short
BloFin MASK-USDT	+0.0132%	4h	0.4826	−0.021%	$127K	$15K	50x	as long as short