Funding arb · Price arb /

MASK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate−0.166%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$393as in the Funding arb table

Net, price: spread back to 7d avg − costs−$396as in the Price arb table

costs, in and out, $10k−$3933.934% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.166%, 7d avg −0.137%

Together, before fees+0.140%+$14 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: Bitget is 0.029% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MASK_USDT	0.4812	0.0100	pay 0.0100% / 8h	6h 57m	$277K	$235K	50x
Short	Bitget MASKUSDT	0.4804	0.0100	get 0.0050% / 4h	2h 57m	$519K	$367K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.166%Rate

Funding earned: $0
Price spread: −0.166% → −0.137%: −$2.93
Slippage, 4 orders: −$366.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$396.3
Costs to cover: 3.934%
Break-even: never at this rate

Slippage from Gate: live order book, 8 min ago; Bitget: live order book, 54 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, 8 min ago	11.32 bp	208.3 bp −$208	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 54 min ago	8.25 bp	27.8 bp −$28	143.9 bp −$1,439	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
BloFin MASK-USDT	+0.0063%	4h	0.4809	−0.062%	$129K	$15K	50x	as long as short
Binance MASKUSDT	+0.0100%	4h	0.4802	−0.208%	$2.6M	$5.5M	50x	as long as short
Bybit MASKUSDT	+0.0100%	4h	0.4800	−0.249%	$1.3M	$1.0M	50x	as long as short
OKX MASK-USDT-SWAP	+0.0100%	8h	0.4799	−0.270%	$501K	$1.4M	20x	as long as short
Gate MASK_USDTlong	+0.0100%	8h	0.4812	long leg	$277K	$235K	50x
MEXC MASK_USDT	+0.0100%	8h	0.4800	−0.249%	$1.0M	$230K	50x	as long as short
KuCoin MASKUSDTM	+0.0100%	4h	0.4807	−0.104%	$593K	$174K	50x	as long as short
Bitget MASKUSDTshort	+0.0100%	4h	0.4804	−0.166%	$519K	$367K	50x
BingX MASK-USDT	+0.0100%	4h	0.4805	−0.145%	—	$2.3M	—	as long as short
Variational Omni MASK	+0.0100%	4h	0.4817	+0.107%	$23K	$21	—	as long as short