Funding arb · Price arb /

MASK

all MASK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Gate+0.041%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$372as in the Funding arb table

Net, price: spread back to 7d avg − costs−$362as in the Price arb table

costs, in and out, $10k−$3673.672% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.041%, 7d avg −0.011%

Together, before fees−0.104%−$10 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: Binance is 0.052% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it 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	Gate MASK_USDT	0.4852	0.0100	pay 0.0100% / 8h	34m 46s	$274K	$658K	50x
Short	Binance MASKUSDT	0.4854	0.0100	get 0.0050% / 4h	34m 46s	$2.6M	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.011%: $5.24
Slippage, 4 orders: −$342.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$361.96
Costs to cover: 3.672%
Break-even: never at this rate

Slippage from Gate: live order book, 41 min ago; Binance: live order book, 5 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 Gate live order book, 41 min ago	7.20 bp	208.1 bp −$208	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.03 bp	18.3 bp −$18	67.5 bp −$675	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 MASKUSDT	−0.0374%	4h	0.4850	−0.041%	$1.3M	$1.9M	50x	as long as short
Variational Omni MASK	−0.0086%	4h	0.4852	−0.001%	$23K	$1	—	as long as short
Binance MASKUSDTshort	+0.0100%	4h	0.4854	+0.041%	$2.6M	$9.8M	50x
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4850	−0.041%	$500K	$3.1M	20x	as long as short
Gate MASK_USDTlong	+0.0100%	8h	0.4852	long leg	$274K	$658K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4850	−0.041%	$1.1M	$327K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4861	+0.185%	$601K	$230K	50x	as long as short
Bitget MASKUSDT	+0.0100%	4h	0.4860	+0.165%	$512K	$1.4M	50x	as long as short
BingX MASK-USDT	+0.0100%	4h	0.4851	−0.021%	—	$2.3M	—	as long as short
BloFin MASK-USDT	+0.0151%	4h	0.4857	+0.103%	$129K	$20K	50x	as long as short