Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit+0.104%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$303as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$3103.098% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.104%, 7d avg −0.011%

Together, before fees−0.124%−$12 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 Gate is 0.114% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MASKUSDT	0.4826	0.0018	pay 0.0009% / 4h	2h 58m	$1.2M	$1.8M	50x
Short	Gate MASK_USDT	0.4831	0.0100	get 0.0100% / 8h	2h 58m	$272K	$656K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.104%Rate

Funding earned: $17.3
Price spread: +0.104% → −0.011%: $11.43
Slippage, 4 orders: −$283.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$281.08
Costs to cover: 3.098%
Break-even: 120.8 days

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 28 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, 3 min ago	5.18 bp	31.7 bp −$32	113.2 bp −$1,132	doesn't fit	doesn't fit
Sell Gate live order book, 28 min ago	7.26 bp	114.1 bp −$114	doesn't fit	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
Bybit MASKUSDTlong	+0.0018%	4h	0.4826	long leg	$1.2M	$1.8M	50x
BloFin MASK-USDT	+0.0098%	4h	0.4835	+0.186%	$129K	$20K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4825	−0.029%	$2.5M	$9.7M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4822	−0.083%	$496K	$3.0M	20x	as long as short
Gate MASK_USDTshort	+0.0100%	8h	0.4831	+0.104%	$272K	$656K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4828	+0.041%	$1.0M	$303K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4839	+0.269%	$559K	$205K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4830	+0.083%	$490K	$1.2M	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4826	0.000%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4826	+0.002%	$23K	$1	—	as long as short